Aon PLC (AON) Shares Down 2.9%
Aon PLC (NYSE:AON) shares fell 2.9% during mid-day trading on Friday . The company traded as low as $105.35 and last traded at $107.21, with a volume of 1,162,180 shares trading hands. The stock had previously closed at $110.36.
A number of brokerages have issued reports on AON. Royal Bank Of Canada lifted their price objective on Aon PLC from $105.00 to $114.00 and gave the company an “outperform” rating in a research note on Monday, May 2nd. Zacks Investment Research cut Aon PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Deutsche Bank AG restated a “hold” rating and issued a $99.00 price target on shares of Aon PLC in a research note on Wednesday, April 6th. BMO Capital Markets restated a “market perform” rating and issued a $115.00 price target (up previously from $107.00) on shares of Aon PLC in a research note on Tuesday, July 12th. Finally, Oppenheimer Holdings Inc. restated a “buy” rating on shares of Aon PLC in a research note on Tuesday, June 7th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $107.00.
The stock’s 50 day moving average is $108.51 and its 200-day moving average is $101.78. The company has a market capitalization of $28.36 billion and a price-to-earnings ratio of 21.88.
Aon PLC (NYSE:AON) last announced its earnings results on Friday, July 29th. The company reported $1.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.39. During the same period last year, the business posted $1.31 EPS. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.85 billion. The firm’s revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts expect that Aon PLC will post $6.53 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 1st will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, July 28th. This represents a $1.32 annualized dividend and a yield of 1.23%.
An institutional investor recently raised its position in Aon PLC stock. Atlantic Trust Group LLC raised its stake in shares of Aon PLC (NYSE:AON) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,750 shares of the company’s stock after buying an additional 234 shares during the period. Atlantic Trust Group LLC’s holdings in Aon PLC were worth $2,099,000 as of its most recent filing with the SEC.
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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