BidaskClub cut shares of Aon PLC (NYSE:AON) from a strong-buy rating to a buy rating in a report issued on Friday morning.

AON has been the subject of several other reports. Morgan Stanley reissued an equal weight rating and set a $138.00 price target (up from $130.00) on shares of Aon PLC in a report on Thursday, July 6th. Jefferies Group LLC reissued a buy rating and set a $146.00 price target (up from $137.00) on shares of Aon PLC in a report on Tuesday, May 9th. Zacks Investment Research raised Aon PLC from a sell rating to a hold rating in a report on Wednesday, May 10th. Citigroup Inc. lifted their price target on Aon PLC from $155.00 to $159.00 and gave the stock a buy rating in a report on Monday, August 7th. Finally, Langen Mcalenn cut Aon PLC from a buy rating to a neutral rating in a report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Aon PLC presently has a consensus rating of Hold and a consensus target price of $139.00.

Aon PLC (NYSE AON) opened at 136.52 on Friday. Aon PLC has a one year low of $107.19 and a one year high of $141.45. The firm has a market capitalization of $34.72 billion, a price-to-earnings ratio of 19.94 and a beta of 1.03. The stock’s 50 day moving average price is $137.37 and its 200-day moving average price is $126.07.

Aon PLC (NYSE:AON) last released its quarterly earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted $1.39 EPS. On average, equities research analysts expect that Aon PLC will post $6.50 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were issued a dividend of $0.36 per share. The ex-dividend date was Friday, July 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.05%. Aon PLC’s dividend payout ratio (DPR) is currently 20.48%.

In other news, EVP Peter M. Lieb sold 2,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 20,216 shares of the company’s stock, valued at approximately $2,636,166.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors boosted its position in Aon PLC by 1.2% in the first quarter. Nationwide Fund Advisors now owns 74,287 shares of the financial services provider’s stock worth $8,817,000 after buying an additional 883 shares during the period. Waldron LP boosted its position in Aon PLC by 81.2% in the first quarter. Waldron LP now owns 3,826 shares of the financial services provider’s stock worth $454,000 after buying an additional 1,714 shares during the period. Russell Investments Group Ltd. boosted its position in 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 worth $124,125,000 after buying an additional 210,931 shares during the period. IFP Advisors Inc boosted its position in Aon PLC by 10.4% in the first quarter. IFP Advisors Inc now owns 3,295 shares of the financial services provider’s stock worth $391,000 after buying an additional 310 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in Aon PLC by 181.6% in the first quarter. Canada Pension Plan Investment Board now owns 201,764 shares of the financial services provider’s stock worth $23,947,000 after buying an additional 130,109 shares during the period. 85.91% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Aon PLC (NYSE:AON)

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