Morgan Stanley restated their equal weight rating on shares of Aon PLC (NYSE:AON) in a research report sent to investors on Thursday, July 6th. Morgan Stanley currently has a $138.00 price objective on the financial services provider’s stock, up from their previous price objective of $130.00.

AON has been the subject of several other research reports. Jefferies Group LLC restated a buy rating and issued a $146.00 price target on shares of Aon PLC in a research note on Friday, June 16th. Janney Montgomery Scott lowered Aon PLC from a buy rating to a neutral rating in a research note on Wednesday, June 21st. Langen Mcalenn lowered Aon PLC from a buy rating to a neutral rating in a research note on Wednesday, June 21st. Credit Suisse Group set a $133.00 price target on Aon PLC and gave the company a sell rating in a research note on Thursday, June 22nd. Finally, Barclays PLC boosted their price objective on Aon PLC from $115.00 to $135.00 and gave the stock an equal weight rating in a research note on Monday, July 3rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $133.58.

Shares of Aon PLC (NYSE:AON) traded down 0.18% during mid-day trading on Thursday, hitting $138.72. The stock had a trading volume of 819,112 shares. The stock’s 50-day moving average is $135.80 and its 200 day moving average is $123.89. The company has a market cap of $36.35 billion, a PE ratio of 27.40 and a beta of 1.03. Aon PLC has a 12 month low of $107.19 and a 12 month high of $141.45.

Aon PLC (NYSE:AON) last released its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.45. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.37 billion. Aon PLC had a return on equity of 32.34% and a net margin of 12.23%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. On average, equities research analysts forecast that Aon PLC will post $6.53 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Friday, July 28th. Aon PLC’s payout ratio is 28.18%.

In other Aon PLC news, SVP Laurel G. Meissner sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $126.19, for a total value of $504,760.00. Following the sale, the senior vice president now owns 16,314 shares of the company’s stock, valued at $2,058,663.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Peter M. Lieb sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $130.40, for a total value of $260,800.00. Following the completion of the sale, the executive vice president now directly owns 20,216 shares in the company, valued at approximately $2,636,166.40. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of AON. Longview Partners Guernsey LTD raised its stake in Aon PLC by 1.7% in the second quarter. Longview Partners Guernsey LTD now owns 6,700,077 shares of the financial services provider’s stock worth $890,775,000 after buying an additional 114,690 shares in the last quarter. Mawer Investment Management Ltd. raised its stake in Aon PLC by 2.5% in the second quarter. Mawer Investment Management Ltd. now owns 5,131,164 shares of the financial services provider’s stock worth $682,188,000 after buying an additional 122,803 shares in the last quarter. Boston Partners raised its stake in Aon PLC by 1.3% in the second quarter. Boston Partners now owns 3,066,684 shares of the financial services provider’s stock worth $407,715,000 after buying an additional 39,993 shares in the last quarter. Tesco Pension Investment Ltd raised its stake in Aon PLC by 4.2% in the second quarter. Tesco Pension Investment Ltd now owns 1,530,405 shares of the financial services provider’s stock worth $203,467,000 after buying an additional 61,907 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Aon PLC by 4.5% in the second quarter. Legal & General Group Plc now owns 1,347,737 shares of the financial services provider’s stock worth $179,183,000 after buying an additional 58,225 shares in the last quarter. 86.26% of the stock is currently owned by institutional investors and hedge funds.

About Aon PLC

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.

Analyst Recommendations for Aon PLC (NYSE:AON)

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