Several other equities research analysts have also recently issued reports on AON. Zacks Investment Research cut Aon PLC from a buy rating to a hold rating in a research note on Tuesday, July 12th. Langen Mcalenn reiterated a buy rating on shares of Aon PLC in a research note on Tuesday, August 2nd. MKM Partners cut Aon PLC from a buy rating to a neutral rating and set a $115.00 target price for the company. in a research note on Tuesday, August 9th. They noted that the move was a valuation call. Jefferies Group upped their target price on Aon PLC from $120.00 to $123.00 and gave the stock a buy rating in a research note on Monday, August 1st. Finally, BMO Capital Markets restated a market perform rating and set a $115.00 target price (up from $107.00) on shares of Aon PLC in a research note on Tuesday, July 12th. Two investment analysts have rated the stock with a sell rating, eight 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 an average target price of $108.75.
Aon PLC (NYSE:AON) traded up 1.11% on Tuesday, hitting $111.07. The stock had a trading volume of 152,056 shares. Aon PLC has a 12-month low of $83.83 and a 12-month high of $113.78. The company has a market capitalization of $29.50 billion, a PE ratio of 20.91 and a beta of 1.02. The company has a 50 day moving average of $111.18 and a 200 day moving average of $108.08.
Aon PLC (NYSE:AON) last issued its quarterly 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. The business earned $2.80 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Aon PLC had a return on equity of 30.10% and a net margin of 12.65%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.31 earnings per share. On average, equities analysts expect that Aon PLC will post $6.49 earnings per share for the current year.
In related news, CEO Stephen P. Mcgill sold 46,698 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $108.41, for a total value of $5,062,530.18. Following the completion of the sale, the chief executive officer now directly owns 252,071 shares in the company, valued at $27,327,017.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of AON. Retirement Systems of Alabama increased its stake in Aon PLC by 110.8% in the second quarter. Retirement Systems of Alabama now owns 288,708 shares of the company’s stock worth $31,536,000 after buying an additional 151,775 shares during the last quarter. Genesee Valley Trust Co. bought a new stake in Aon PLC during the second quarter worth $459,000. Brown Advisory Inc. increased its stake in Aon PLC by 19.4% in the second quarter. Brown Advisory Inc. now owns 17,014 shares of the company’s stock worth $1,858,000 after buying an additional 2,767 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Aon PLC by 25.9% in the second quarter. Glenmede Trust Co. NA now owns 3,666 shares of the company’s stock worth $399,000 after buying an additional 755 shares during the last quarter. Finally, Chesley Taft & Associates LLC bought a new stake in Aon PLC during the second quarter worth $203,000. Institutional investors and hedge funds own 84.51% 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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