Aon PLC (NYSE:AON) Rating Reiterated by Royal Bank Of Canada
Aon PLC (NYSE:AON)‘s stock had its “hold” rating reissued by equities researchers at Royal Bank Of Canada in a report issued on Sunday. They currently have a $143.00 price objective on the financial services provider’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 3.05% from the company’s previous close.
A number of other research firms have also commented on AON. Credit Suisse Group set a $133.00 price objective on shares of Aon PLC and gave the stock a “sell” rating in a research note on Thursday, June 22nd. Barclays PLC raised their price objective on shares of Aon PLC from $115.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Monday, July 3rd. Zacks Investment Research raised shares of Aon PLC from a “hold” rating to a “buy” rating and set a $146.00 price objective for the company in a research note on Tuesday, May 30th. Deutsche Bank AG raised their price objective on shares of Aon PLC from $108.00 to $113.00 and gave the stock a “hold” rating in a research note on Friday, May 12th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $162.00 price objective (up previously from $146.00) on shares of Aon PLC in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $136.17.
Aon PLC (NYSE AON) opened at 138.77 on Friday. Aon PLC has a one year low of $107.19 and a one year high of $141.30. The firm has a market capitalization of $36.37 billion, a P/E ratio of 27.41 and a beta of 1.03. The firm has a 50-day moving average price of $135.80 and a 200 day moving average price of $123.89.
Aon PLC (NYSE:AON) last posted its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, hitting analysts’ consensus estimates of $1.45. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same quarter last year, the business posted $1.39 EPS. The company’s revenue was up 3.8% on a year-over-year basis. Equities research analysts anticipate that Aon PLC will post $6.49 earnings per share for the current year.
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In other Aon PLC news, SVP Laurel G. Meissner sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $126.19, for a total value of $504,760.00. Following the completion of the sale, the senior vice president now owns 16,314 shares in the company, valued at approximately $2,058,663.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Peter M. Lieb sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $130.40, for a total transaction of $260,800.00. Following the completion of the sale, the executive vice president now owns 20,216 shares of the company’s stock, valued at approximately $2,636,166.40. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the company. Ronna Sue Cohen increased its stake in Aon PLC by 0.3% in the second quarter. Ronna Sue Cohen now owns 6,205 shares of the financial services provider’s stock worth $825,000 after buying an additional 18 shares during the last quarter. Checchi Capital Advisers LLC increased its position in Aon PLC by 1.1% in the second quarter. Checchi Capital Advisers LLC now owns 2,251 shares of the financial services provider’s stock worth $299,000 after buying an additional 25 shares in the last quarter. LS Investment Advisors LLC increased its position in Aon PLC by 0.3% in the second quarter. LS Investment Advisors LLC now owns 15,833 shares of the financial services provider’s stock worth $2,105,000 after buying an additional 40 shares in the last quarter. Cleararc Capital Inc. increased its position in Aon PLC by 0.9% in the first quarter. Cleararc Capital Inc. now owns 6,444 shares of the financial services provider’s stock worth $765,000 after buying an additional 56 shares in the last quarter. Finally, Financial Counselors Inc. increased its position in Aon PLC by 1.6% in the first quarter. Financial Counselors Inc. now owns 3,641 shares of the financial services provider’s stock worth $432,000 after buying an additional 57 shares in the last quarter. Institutional investors own 86.41% of the company’s stock.
About Aon PLC
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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