Shares of Aon plc Class A (NYSE:AON) have earned an average recommendation of “Hold” from the nineteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $144.36.
A number of research firms have issued reports on AON. Zacks Investment Research raised shares of Aon plc Class A from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. Wells Fargo reaffirmed a “hold” rating and set a $143.00 price objective on shares of Aon plc Class A in a report on Friday, February 2nd. Goldman Sachs raised shares of Aon plc Class A from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $144.22 to $149.00 in a report on Thursday, March 15th. Citigroup lifted their price objective on shares of Aon plc Class A from $162.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, Barclays reaffirmed an “equal weight” rating and set a $138.00 price objective (up from $135.00) on shares of Aon plc Class A in a report on Tuesday, February 20th.
In related news, CEO Michael J. O’connor sold 1,411 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $140.23, for a total value of $197,864.53. Following the sale, the chief executive officer now directly owns 133,515 shares in the company, valued at approximately $18,722,808.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Neller sold 1,500 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $140.12, for a total value of $210,180.00. The disclosure for this sale can be found here. Insiders have sold a total of 123,477 shares of company stock worth $17,453,753 over the last quarter. Company insiders own 0.90% of the company’s stock.
A number of institutional investors have recently made changes to their positions in AON. Stifel Financial Corp raised its stake in Aon plc Class A by 22.4% in the 3rd quarter. Stifel Financial Corp now owns 3,067 shares of the financial services provider’s stock valued at $448,000 after acquiring an additional 562 shares during the period. Allianz Asset Management GmbH raised its stake in Aon plc Class A by 0.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 59,024 shares of the financial services provider’s stock valued at $8,623,000 after acquiring an additional 542 shares during the period. Vident Investment Advisory LLC bought a new stake in Aon plc Class A in the 3rd quarter valued at about $389,000. Jane Street Group LLC raised its stake in Aon plc Class A by 97.0% in the 3rd quarter. Jane Street Group LLC now owns 7,002 shares of the financial services provider’s stock valued at $1,023,000 after acquiring an additional 3,448 shares during the period. Finally, Valeo Financial Advisors LLC bought a new stake in Aon plc Class A in the 3rd quarter valued at about $105,000. Institutional investors and hedge funds own 87.25% of the company’s stock.
AON traded up $0.62 during mid-day trading on Thursday, reaching $144.82. 941,871 shares of the stock were exchanged, compared to its average volume of 1,205,790. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.66 and a quick ratio of 1.67. The company has a market capitalization of $35,469.69, a price-to-earnings ratio of 22.21, a P/E/G ratio of 1.48 and a beta of 1.03. Aon plc Class A has a 1 year low of $118.39 and a 1 year high of $152.78.
Aon plc Class A (NYSE:AON) last posted its quarterly earnings data on Friday, February 2nd. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.34 by $0.01. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.84 billion. Aon plc Class A had a net margin of 12.26% and a return on equity of 32.41%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.56 EPS. equities analysts anticipate that Aon plc Class A will post 7.98 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. This is a boost from Aon plc Class A’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Monday, April 30th. Aon plc Class A’s payout ratio is presently 22.09%.
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Aon plc Class A 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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