Aon PLC (NYSE:AON)‘s stock had its “buy” rating reissued by research analysts at Jefferies Group LLC in a research note issued to investors on Monday, July 24th. They presently have a $162.00 price objective on the financial services provider’s stock, up from their previous price objective of $146.00. Jefferies Group LLC’s price target indicates a potential upside of 18.66% from the stock’s current price.
Several other analysts have also recently issued reports on AON. Citigroup Inc. increased their price target on shares of Aon PLC from $130.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, April 7th. Zacks Investment Research lowered shares of Aon PLC from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Wells Fargo & Company restated a “hold” rating on shares of Aon PLC in a report on Sunday, April 16th. Credit Suisse Group restated a “sell” rating and issued a $122.00 price objective on shares of Aon PLC in a report on Wednesday, May 10th. Finally, UBS AG restated a “neutral” rating and issued a $133.00 price objective (up from $125.00) on shares of Aon PLC in a report on Friday, May 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $139.00.
Shares of Aon PLC (NYSE AON) opened at 136.52 on Monday. The company has a market capitalization of $34.72 billion, a price-to-earnings ratio of 19.94 and a beta of 1.03. Aon PLC has a one year low of $107.19 and a one year high of $141.45. The company’s 50-day moving average price is $137.37 and its 200-day moving average price is $126.07.
Aon PLC (NYSE:AON) last announced its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.45. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the prior year, the company earned $1.39 EPS. Aon PLC’s revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts predict that Aon PLC will post $6.50 earnings per share for the current year.
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In other Aon PLC news, EVP Peter M. Lieb sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $130.40, for a total transaction of $260,800.00. Following the transaction, the executive vice president now directly owns 20,216 shares of the company’s stock, valued at approximately $2,636,166.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC boosted its stake in shares of Aon PLC by 1,108.1% in the second quarter. Janus Henderson Group PLC now owns 3,180,268 shares of the financial services provider’s stock valued at $422,814,000 after buying an additional 2,917,018 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Aon PLC by 2,385.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,224,194 shares of the financial services provider’s stock valued at $162,757,000 after buying an additional 1,174,940 shares during the period. Vanguard Group Inc. boosted its stake in shares of Aon PLC by 2.4% in the second quarter. Vanguard Group Inc. now owns 17,812,319 shares of the financial services provider’s stock valued at $2,368,149,000 after buying an additional 415,363 shares during the period. Egerton Capital UK LLP bought a new stake in shares of Aon PLC during the second quarter valued at approximately $45,094,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Aon PLC by 25.3% in the first quarter. Russell Investments Group Ltd. now owns 1,045,970 shares of the financial services provider’s stock valued at $124,125,000 after buying an additional 210,931 shares during the period. 85.91% of the stock is currently owned by institutional investors and hedge funds.
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.
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