Aon PLC (AON) Given “Market Perform” Rating at BMO Capital Markets
BMO Capital Markets reissued their market perform rating on shares of Aon PLC (NYSE:AON) in a research note published on Thursday morning. The firm currently has a $126.00 target price on the stock, up from their previous target price of $124.00.
AON has been the subject of several other research reports. Credit Suisse Group downgraded shares of Aon PLC to a sell rating and set a $115.00 target price for the company. in a report on Saturday, February 11th. Zacks Investment Research downgraded shares of Aon PLC from a hold rating to a sell rating in a report on Monday, January 9th. Sandler O’Neill upgraded shares of Aon PLC from a hold rating to a buy rating in a report on Monday, November 7th. Royal Bank Of Canada downgraded shares of Aon PLC from an outperform rating to a sector perform rating in a report on Monday, October 31st. Finally, Keefe, Bruyette & Woods upgraded shares of Aon PLC from a market perform rating to an outperform rating and lifted their target price for the company from $118.00 to $130.00 in a report on Monday, November 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. Aon PLC currently has an average rating of Hold and an average target price of $119.55.
Shares of Aon PLC (NYSE:AON) opened at 117.28 on Thursday. Aon PLC has a one year low of $92.88 and a one year high of $117.76. The stock has a market cap of $31.15 billion, a price-to-earnings ratio of 22.73 and a beta of 1.01. The stock’s 50 day moving average price is $113.45 and its 200 day moving average price is $111.63.
Aon PLC (NYSE:AON) last posted its earnings results on Friday, February 10th. The company reported $2.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.07. Aon PLC had a net margin of 12.01% and a return on equity of 32.46%. The firm earned $3.30 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter last year, the firm earned $2.27 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts forecast that Aon PLC will post $6.57 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 1st were paid a $0.33 dividend. The ex-dividend date of this dividend was Monday, January 30th. This represents a $1.32 annualized dividend and a dividend yield of 1.13%. Aon PLC’s dividend payout ratio (DPR) is 25.53%.
Several institutional investors have recently bought and sold shares of AON. Carroll Financial Associates Inc. increased its position in Aon PLC by 0.8% in the third quarter. Carroll Financial Associates Inc. now owns 907 shares of the company’s stock valued at $102,000 after buying an additional 7 shares during the period. Paradigm Asset Management Co. LLC acquired a new position in Aon PLC during the fourth quarter valued at approximately $112,000. Cornerstone Advisors Inc. increased its position in Aon PLC by 1,102.6% in the third quarter. Cornerstone Advisors Inc. now owns 1,371 shares of the company’s stock valued at $154,000 after buying an additional 1,257 shares during the period. SRB Corp increased its position in Aon PLC by 6.9% in the third quarter. SRB Corp now owns 1,433 shares of the company’s stock valued at $161,000 after buying an additional 92 shares during the period. Finally, Hudock Capital Group LLC increased its position in Aon PLC by 70.1% in the second quarter. Hudock Capital Group LLC now owns 1,446 shares of the company’s stock valued at $157,000 after buying an additional 596 shares during the period. Institutional investors and hedge funds own 83.61% of the company’s stock.
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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