Aon PLC (NYSE:AON) has earned an average rating of “Hold” from the eighteen brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $142.92.
Several research firms have recently commented on AON. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $158.00 price target on shares of AON in a report on Wednesday, December 6th. BidaskClub cut AON from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Zacks Investment Research cut AON from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Goldman Sachs Group began coverage on AON in a report on Monday, December 4th. They issued a “neutral” rating and a $149.00 price target for the company. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $143.00 price target on shares of AON in a report on Wednesday, September 6th.
In related news, SVP Laurel G. Meissner sold 4,000 shares of AON stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $141.20, for a total transaction of $564,800.00. Following the completion of the transaction, the senior vice president now directly owns 12,314 shares of the company’s stock, valued at $1,738,736.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael J. O’connor sold 10,000 shares of AON stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $145.00, for a total value of $1,450,000.00. Following the transaction, the chief executive officer now directly owns 123,805 shares of the company’s stock, valued at $17,951,725. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,680 shares of company stock valued at $7,353,887. 0.90% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of AON. Valeo Financial Advisors LLC acquired a new position in shares of AON in the third quarter worth $105,000. Parallel Advisors LLC raised its holdings in shares of AON by 16.7% in the second quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 106 shares during the last quarter. Fiduciary Trust Co. acquired a new position in shares of AON in the second quarter worth $108,000. Pathstone Family Office LLC raised its holdings in shares of AON by 6,775.0% in the second quarter. Pathstone Family Office LLC now owns 825 shares of the financial services provider’s stock worth $1,703,000 after acquiring an additional 813 shares during the last quarter. Finally, Fieldpoint Private Securities LLC acquired a new position in shares of AON in the third quarter worth $121,000. 87.66% of the stock is owned by hedge funds and other institutional investors.
AON (NYSE AON) traded down $1.94 on Friday, hitting $136.56. The stock had a trading volume of 1,236,407 shares, compared to its average volume of 1,085,021. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.08. The firm has a market cap of $34,560.85, a PE ratio of 20.49, a P/E/G ratio of 1.80 and a beta of 1.04. AON has a 1-year low of $109.82 and a 1-year high of $152.78.
AON (NYSE:AON) last posted its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.28 by $0.01. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.29 billion. AON had a return on equity of 32.71% and a net margin of 16.78%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $1.29 EPS. sell-side analysts expect that AON will post 6.53 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $1.44 annualized dividend and a yield of 1.05%. AON’s dividend payout ratio is presently 21.79%.
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AON 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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