Aon PLC (AON) Given Average Rating of “Hold” by Analysts
Aon PLC (NYSE:AON) has received an average rating of “Hold” from the sixteen brokerages that are presently covering the stock. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $111.60.
Several research analysts have weighed in on the stock. Credit Suisse Group AG reissued a “sell” rating on shares of Aon PLC in a report on Monday, August 1st. Zacks Investment Research raised shares of Aon PLC from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Citigroup Inc. increased their price target on shares of Aon PLC from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, October 11th. Sandler O’Neill raised shares of Aon PLC from a “hold” rating to a “buy” rating in a report on Monday, November 7th. Finally, Jefferies Group increased their price target on shares of Aon PLC from $120.00 to $123.00 and gave the company a “buy” rating in a report on Monday, August 1st.
Shares of Aon PLC (NYSE:AON) traded down 0.01% on Wednesday, hitting $113.35. The stock had a trading volume of 275,489 shares. The company has a 50 day moving average of $110.55 and a 200-day moving average of $109.47. Aon PLC has a 12-month low of $83.83 and a 12-month high of $113.93. The firm has a market capitalization of $29.82 billion, a P/E ratio of 20.90 and a beta of 1.02.
Aon PLC (NYSE:AON) last issued its earnings results on Friday, October 28th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.01. Aon PLC had a net margin of 12.75% and a return on equity of 30.61%. The business earned $2.70 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period last year, the business posted $1.24 EPS. Aon PLC’s revenue was up .1% on a year-over-year basis. Equities analysts predict that Aon PLC will post $6.50 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, October 28th. This represents a $1.32 annualized dividend and a dividend yield of 1.16%. Aon PLC’s dividend payout ratio is 24.49%.
Hedge funds have recently bought and sold shares of the company. Carroll Financial Associates Inc. raised its stake in Aon PLC by 0.8% in the third quarter. Carroll Financial Associates Inc. now owns 907 shares of the company’s stock valued at $102,000 after buying an additional 7 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in Aon PLC during the second quarter valued at about $121,000. Cornerstone Advisors Inc. raised its stake in Aon PLC by 1,102.6% in the third quarter. Cornerstone Advisors Inc. now owns 1,371 shares of the company’s stock valued at $154,000 after buying an additional 1,257 shares in the last quarter. Hudock Capital Group LLC raised its stake in Aon PLC by 70.1% in the second quarter. Hudock Capital Group LLC now owns 1,446 shares of the company’s stock valued at $157,000 after buying an additional 596 shares in the last quarter. Finally, SRB Corp raised its stake in Aon PLC by 6.9% in the third quarter. SRB Corp now owns 1,433 shares of the company’s stock valued at $161,000 after buying an additional 92 shares in the last quarter. Institutional investors and hedge funds own 85.55% of the company’s stock.
Aon PLC Company Profile
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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