Aon PLC (NYSE:AON) has earned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $157.17.
Several research firms recently weighed in on AON. Credit Suisse Group began coverage on AON in a research report on Tuesday, August 7th. They set a “neutral” rating and a $154.00 target price on the stock. Wells Fargo & Co lifted their target price on AON from $143.00 to $150.00 and gave the company a “market perform” rating in a research report on Monday, October 29th. Zacks Investment Research downgraded AON from a “buy” rating to a “hold” rating in a research report on Friday, July 6th. Sandler O’Neill upgraded AON from a “hold” rating to a “buy” rating in a research report on Monday, October 29th. Finally, Citigroup boosted their price objective on AON from $167.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, October 12th.
In other news, Director Jeffrey C. Campbell bought 5,550 shares of AON stock in a transaction dated Monday, August 6th. The shares were purchased at an average cost of $143.84 per share, with a total value of $798,312.00. Following the completion of the acquisition, the director now owns 7,084 shares of the company’s stock, valued at approximately $1,018,962.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Caroline Grace sold 4,000 shares of AON stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $150.00, for a total value of $600,000.00. The disclosure for this sale can be found here. Insiders sold 8,750 shares of company stock worth $1,327,685 over the last ninety days. Insiders own 0.42% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Townsend & Associates Inc bought a new stake in shares of AON in the second quarter worth about $106,000. Synovus Financial Corp increased its holdings in shares of AON by 110.4% in the third quarter. Synovus Financial Corp now owns 852 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 447 shares during the last quarter. Pinebridge Investments L.P. bought a new stake in shares of AON in the second quarter worth about $132,000. Shine Investment Advisory Services Inc. increased its holdings in shares of AON by 1,468.2% in the second quarter. Shine Investment Advisory Services Inc. now owns 1,035 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 969 shares during the last quarter. Finally, TRUE Private Wealth Advisors bought a new stake in shares of AON in the third quarter worth about $163,000. 83.41% of the stock is currently owned by hedge funds and other institutional investors.
NYSE AON opened at $156.18 on Monday. The firm has a market cap of $37.62 billion, a P/E ratio of 23.95, a P/E/G ratio of 1.63 and a beta of 0.85. The company has a current ratio of 1.41, a quick ratio of 1.63 and a debt-to-equity ratio of 1.31. AON has a fifty-two week low of $130.87 and a fifty-two week high of $159.72.
AON (NYSE:AON) last released its earnings results on Friday, October 26th. The financial services provider reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.09. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.39 billion. AON had a return on equity of 43.96% and a net margin of 7.06%. AON’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.29 earnings per share. On average, equities research analysts anticipate that AON will post 8.13 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be issued a $0.40 dividend. The ex-dividend date is Wednesday, October 31st. This represents a $1.60 annualized dividend and a dividend yield of 1.02%. AON’s dividend payout ratio (DPR) is 24.54%.
Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.
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