Shares of Aon PLC (NYSE:AON) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $190.67.
A number of equities analysts have commented on AON shares. Wells Fargo & Co reiterated a “hold” rating and issued a $195.00 target price on shares of AON in a report on Friday, July 26th. ValuEngine downgraded shares of AON from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Morgan Stanley boosted their target price on shares of AON from $197.00 to $200.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Barclays set a $190.00 target price on shares of AON and gave the stock a “hold” rating in a report on Monday, August 12th. Finally, MKM Partners upgraded shares of AON to a “buy” rating and boosted their target price for the stock from $210.00 to $225.00 in a report on Monday, June 24th.
Shares of AON stock traded down $0.20 on Monday, hitting $192.73. The stock had a trading volume of 7,803 shares, compared to its average volume of 684,412. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 1.72. The business has a 50 day moving average price of $192.10 and a 200 day moving average price of $187.32. The company has a market cap of $45.11 billion, a PE ratio of 23.65, a P/E/G ratio of 1.76 and a beta of 0.85. AON has a one year low of $135.30 and a one year high of $198.61.
AON (NYSE:AON) last announced its earnings results on Friday, July 26th. The financial services provider reported $1.87 EPS for the quarter, missing the Zacks’ consensus estimate of $1.88 by ($0.01). The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.69 billion. AON had a return on equity of 48.75% and a net margin of 13.14%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.71 earnings per share. Equities research analysts expect that AON will post 9.13 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.76 annualized dividend and a dividend yield of 0.91%. AON’s dividend payout ratio (DPR) is currently 21.57%.
In other news, insider Michael Neller sold 750 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $193.29, for a total transaction of $144,967.50. Following the transaction, the insider now owns 2,192 shares in the company, valued at $423,691.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO John G. Bruno sold 7,600 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $192.30, for a total transaction of $1,461,480.00. Following the transaction, the chief operating officer now owns 46,252 shares in the company, valued at approximately $8,894,259.60. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of AON. NEXT Financial Group Inc purchased a new stake in AON in the second quarter valued at approximately $25,000. Cerebellum GP LLC purchased a new stake in AON in the third quarter valued at approximately $28,000. Massey Quick Simon & CO. LLC purchased a new stake in AON in the second quarter valued at approximately $31,000. Capital Investment Advisory Services LLC purchased a new stake in AON in the second quarter valued at approximately $37,000. Finally, AdvisorNet Financial Inc boosted its position in AON by 54.4% in the second quarter. AdvisorNet Financial Inc now owns 210 shares of the financial services provider’s stock valued at $41,000 after buying an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.
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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