Aon PLC (NYSE:AON) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their buy rating on shares of Aon PLC (NYSE:AON) in a research note published on Monday, October 16th. The brokerage currently has a $154.00 price target on the financial services provider’s stock.

A number of other brokerages have also recently weighed in on AON. Jefferies Group LLC restated a buy rating and issued a $162.00 price objective on shares of Aon PLC in a research note on Friday, October 13th. Barclays PLC boosted their price objective on shares of Aon PLC from $135.00 to $140.00 and gave the stock an equal weight rating in a research note on Monday, October 16th. ValuEngine cut shares of Aon PLC from a buy rating to a hold rating in a research note on Monday, October 2nd. Royal Bank Of Canada reiterated a hold rating and set a $143.00 target price on shares of Aon PLC in a research note on Wednesday, September 6th. Finally, Wells Fargo & Company reissued a hold rating on shares of Aon PLC in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $143.82.

Shares of Aon PLC (NYSE:AON) opened at 146.18 on Monday. Aon PLC has a one year low of $107.50 and a one year high of $152.78. The stock has a market cap of $37.18 billion, a price-to-earnings ratio of 21.35 and a beta of 1.04. The stock’s 50 day moving average price is $146.53 and its 200 day moving average price is $135.57.

Aon PLC (NYSE:AON) last announced its quarterly earnings data on Friday, October 27th. The financial services provider reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.01. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.29 billion. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 earnings per share. Analysts forecast that Aon PLC will post $6.50 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a $0.36 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.99%. Aon PLC’s dividend payout ratio is 20.48%.

In related news, CEO Michael J. O’connor sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $145.00, for a total value of $1,450,000.00. Following the sale, the chief executive officer now directly owns 123,805 shares in the company, valued at approximately $17,951,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

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 valued at $422,814,000 after acquiring an additional 2,917,018 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in Aon PLC by 2,385.5% during 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 purchasing an additional 1,174,940 shares in the last quarter. APG Asset Management N.V. increased its stake in Aon PLC by 139.9% during the 3rd quarter. APG Asset Management N.V. now owns 953,932 shares of the financial services provider’s stock worth $139,369,000 after purchasing an additional 556,300 shares in the last quarter. Vanguard Group Inc. increased its stake in Aon PLC by 2.4% during 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 purchasing an additional 415,363 shares in the last quarter. Finally, Egerton Capital UK LLP bought a new stake in Aon PLC during the 2nd quarter worth approximately $45,094,000. Institutional investors and hedge funds own 84.00% 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.

Analyst Recommendations for Aon PLC (NYSE:AON)

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