Aon plc Class A (AON) Cut to Market Perform at William Blair

Aon plc Class A (NYSE:AON) was downgraded by equities research analysts at William Blair from an “outperform” rating to a “market perform” rating in a research report issued on Tuesday.

Several other research analysts also recently commented on AON. Zacks Investment Research raised shares of Aon plc Class A from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Barclays reaffirmed a “hold” rating and issued a $135.00 price target on shares of Aon plc Class A in a research note on Tuesday, January 9th. ValuEngine downgraded shares of Aon plc Class A from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Jefferies Group reissued a “buy” rating and set a $162.00 target price on shares of Aon plc Class A in a research report on Friday, October 13th. Finally, Sandler O’Neill reissued a “hold” rating on shares of Aon plc Class A in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $144.69.

Aon plc Class A (NYSE AON) opened at $136.55 on Tuesday. The company has a market cap of $34,120.00, a PE ratio of 35.65, a P/E/G ratio of 1.43 and a beta of 1.04. Aon plc Class A has a 12 month low of $109.82 and a 12 month high of $152.78. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.08.

Aon plc Class A (NYSE:AON) last posted its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.01. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.29 billion. Aon plc Class A had a net margin of 16.78% and a return on equity of 32.71%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 EPS. analysts forecast that Aon plc Class A will post 6.53 earnings per share for the current fiscal year.

In other news, CEO John Zern sold 17,680 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $139.79, for a total value of $2,471,487.20. Following the sale, the chief executive officer now directly owns 27,695 shares in the company, valued at approximately $3,871,484.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Laurel G. Meissner sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $141.20, for a total transaction of $564,800.00. Following the completion of the sale, the senior vice president now owns 12,314 shares in the company, valued at $1,738,736.80. The disclosure for this sale can be found here. Insiders sold a total of 41,680 shares of company stock worth $5,903,887 over the last 90 days. Company insiders own 0.90% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Aon plc Class A 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 purchasing an additional 415,363 shares in the last quarter. Longview Partners Guernsey LTD boosted its stake in Aon plc Class A by 4.5% in the 3rd quarter. Longview Partners Guernsey LTD now owns 7,001,377 shares of the financial services provider’s stock worth $1,022,901,000 after purchasing an additional 301,300 shares in the last quarter. Mawer Investment Management Ltd. boosted its stake in Aon plc Class A by 0.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 5,169,376 shares of the financial services provider’s stock worth $755,246,000 after purchasing an additional 38,212 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Aon plc Class A by 9.8% in the 3rd quarter. Janus Henderson Group PLC now owns 3,492,001 shares of the financial services provider’s stock worth $510,175,000 after purchasing an additional 311,733 shares in the last quarter. Finally, Broad Run Investment Management LLC boosted its stake in Aon plc Class A by 1.2% in the 2nd quarter. Broad Run Investment Management LLC now owns 1,447,226 shares of the financial services provider’s stock worth $192,409,000 after purchasing an additional 17,378 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

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About Aon plc Class A

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 Class A (NYSE:AON)

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