Aon PLC (NYSE:AON) Receives Average Recommendation of “Buy” from Analysts

Aon PLC (NYSE:AON) has been given an average recommendation of “Buy” by the thirteen ratings firms that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $211.10.

AON has been the subject of a number of analyst reports. Morgan Stanley boosted their target price on shares of AON from $207.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Monday, May 18th. UBS Group lowered their target price on shares of AON from $202.00 to $197.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Citigroup lowered their target price on shares of AON from $260.00 to $240.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. JPMorgan Chase & Co. upgraded shares of AON from a “neutral” rating to an “overweight” rating and set a $219.00 target price for the company in a research note on Monday, March 16th. Finally, Raymond James raised shares of AON from an “underperform” rating to a “market perform” rating in a research report on Monday, March 23rd.

NYSE AON traded down $4.37 during trading hours on Friday, hitting $190.02. 2,385,310 shares of the company were exchanged, compared to its average volume of 1,618,245. The stock has a 50-day moving average price of $192.00 and a 200 day moving average price of $197.67. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.91. AON has a 52 week low of $143.93 and a 52 week high of $238.19. The stock has a market cap of $44.92 billion, a PE ratio of 27.38 and a beta of 0.89.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, May 1st. The financial services provider reported $3.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.67 by $0.01. The company had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.28 billion. AON had a return on equity of 63.91% and a net margin of 14.84%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.31 earnings per share. As a group, sell-side analysts anticipate that AON will post 9.72 earnings per share for the current year.

In other news, President Eric Andersen sold 1,500 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $199.13, for a total value of $298,695.00. Following the completion of the sale, the president now directly owns 102,814 shares of the company’s stock, valued at $20,473,351.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carolyn Y. Woo sold 600 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $197.80, for a total transaction of $118,680.00. Following the completion of the sale, the director now directly owns 25,687 shares of the company’s stock, valued at $5,080,888.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,850 shares of company stock valued at $560,250. 0.92% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in AON by 1,172.1% during the 4th quarter. Victory Capital Management Inc. now owns 37,539 shares of the financial services provider’s stock valued at $8,268,000 after purchasing an additional 34,588 shares during the last quarter. Acadian Asset Management LLC lifted its position in AON by 76.5% during the 4th quarter. Acadian Asset Management LLC now owns 3,402 shares of the financial services provider’s stock worth $708,000 after buying an additional 1,475 shares in the last quarter. Banco Santander S.A. acquired a new position in AON during the 4th quarter worth about $1,155,000. FMR LLC lifted its position in AON by 31.3% during the 4th quarter. FMR LLC now owns 1,437,207 shares of the financial services provider’s stock worth $299,356,000 after buying an additional 342,904 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in AON by 2.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,824 shares of the financial services provider’s stock worth $1,005,000 after buying an additional 110 shares in the last quarter. 80.21% of the stock is owned by institutional investors and hedge funds.

AON Company Profile

Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.

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Analyst Recommendations for AON (NYSE:AON)

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