Aon PLC (AON) Earns Buy Rating from Jefferies Group LLC
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Aon PLC from a hold rating to a buy rating and set a $147.00 target price for the company in a report on Monday, June 5th. BidaskClub cut Aon PLC from a strong-buy rating to a buy rating in a report on Saturday, June 24th. Citigroup Inc. increased their price objective on Aon PLC from $144.00 to $155.00 and gave the stock a buy rating in a report on Thursday, July 13th. ValuEngine upgraded Aon PLC from a hold rating to a buy rating in a report on Friday, September 1st. Finally, Morgan Stanley reiterated an equal weight rating and issued a $138.00 price objective (up previously from $130.00) on shares of Aon PLC in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $139.00.
Shares of Aon PLC (NYSE AON) opened at 142.64 on Tuesday. The firm has a 50-day moving average price of $138.84 and a 200-day moving average price of $128.49. Aon PLC has a one year low of $107.19 and a one year high of $143.13. The company has a market capitalization of $36.28 billion, a P/E ratio of 20.84 and a beta of 1.02.
Aon PLC (NYSE:AON) last issued its earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share for the quarter, meeting the consensus estimate of $1.45. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. Aon PLC’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 EPS. Equities analysts forecast that Aon PLC will post $6.50 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, July 28th. Aon PLC’s dividend payout ratio is currently 20.48%.
In other news, CEO Michael J. O’connor sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $140.28, for a total value of $1,402,800.00. Following the completion of the transaction, the chief executive officer now owns 123,805 shares of the company’s stock, valued at approximately $17,367,365.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in AON. Janus Henderson Group PLC raised its position in shares of Aon PLC by 1,108.1% in the 2nd quarter. Janus Henderson Group PLC now owns 3,180,268 shares of the financial services provider’s stock worth $422,814,000 after acquiring an additional 2,917,018 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Aon PLC by 2,385.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,224,194 shares of the financial services provider’s stock worth $162,757,000 after acquiring an additional 1,174,940 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Aon PLC by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 17,812,319 shares of the financial services provider’s stock worth $2,368,149,000 after acquiring an additional 415,363 shares in the last quarter. Egerton Capital UK LLP bought a new position in shares of Aon PLC in the 2nd quarter worth approximately $45,094,000. Finally, New York State Common Retirement Fund raised its position in shares of Aon PLC by 16.1% in the 2nd quarter. New York State Common Retirement Fund now owns 1,143,276 shares of the financial services provider’s stock worth $151,999,000 after acquiring an additional 158,175 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.
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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