Aon PLC (NYSE:AON) Receives Average Rating of “Hold” from Analysts
Shares of Aon PLC (NYSE:AON) have been assigned an average rating of “Hold” from the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $186.00.
A number of equities research analysts recently issued reports on the company. Morgan Stanley reissued an “overweight” rating and set a C$125.00 price target on shares of Intact Financial in a research note on Wednesday, May 15th. Wells Fargo & Co set a $70.00 price target on MSC Industrial Direct and gave the stock a “market perform” rating in a research note on Thursday. ValuEngine raised ZEALAND PHARMA/S from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. MKM Partners raised AON to a “buy” rating and raised their price target for the stock from $210.00 to $225.00 in a research note on Monday, June 24th. Finally, Atlantic Securities lowered AON from an “overweight” rating to a “neutral” rating and set a $190.00 price target for the company. in a research note on Friday, June 14th.
In other AON news, insider Eric Andersen sold 7,500 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.50, for a total transaction of $1,338,750.00. Following the transaction, the insider now directly owns 80,941 shares in the company, valued at approximately $14,447,968.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Peter M. Lieb sold 5,200 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $178.39, for a total value of $927,628.00. Following the transaction, the general counsel now owns 16,446 shares in the company, valued at $2,933,801.94. The disclosure for this sale can be found here. Insiders have sold a total of 24,345 shares of company stock worth $4,370,513 over the last 90 days. 0.92% of the stock is currently owned by company insiders.
Shares of NYSE:AON traded up $0.83 during trading on Friday, hitting $197.47. The company had a trading volume of 450,842 shares, compared to its average volume of 689,763. The company has a market cap of $47.30 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 1.81 and a beta of 0.88. AON has a one year low of $135.30 and a one year high of $198.61. The stock has a fifty day moving average price of $189.73. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.09 and a current ratio of 2.09.
AON (NYSE:AON) last posted its quarterly earnings data on Friday, April 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.31. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.21 billion. AON had a return on equity of 46.15% and a net margin of 11.08%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the company earned $2.97 EPS. As a group, research analysts anticipate that AON will post 9.14 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.44 per share. The ex-dividend date is Wednesday, July 31st. This represents a $1.76 annualized dividend and a yield of 0.89%. AON’s payout ratio is currently 21.57%.
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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