Aon PLC (AON) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Aon PLC (NYSE:AON) have been assigned a consensus rating of “Hold” from the fourteen research firms that are covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $176.25.

AON has been the topic of a number of research analyst reports. MKM Partners upgraded AON from a “neutral” rating to a “buy” rating and boosted their price target for the company from $155.00 to $200.00 in a report on Monday, February 4th. William Blair restated a “market perform” rating on shares of AON in a report on Friday, February 1st. ValuEngine downgraded AON from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Barclays boosted their price target on AON from $153.00 to $155.00 and gave the company an “equal weight” rating in a report on Monday, April 1st. Finally, Wells Fargo & Co restated a “hold” rating on shares of AON in a report on Friday, April 5th.

In other AON news, General Counsel Peter M. Lieb sold 15,068 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $172.77, for a total transaction of $2,603,298.36. Following the transaction, the general counsel now owns 17,985 shares in the company, valued at approximately $3,107,268.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric Andersen sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.50, for a total value of $1,338,750.00. Following the transaction, the insider now owns 80,941 shares in the company, valued at approximately $14,447,968.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,018 shares of company stock worth $5,084,251. 0.92% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Altshuler Shaham Ltd purchased a new position in shares of AON during the 4th quarter worth approximately $25,000. Berman Capital Advisors LLC purchased a new position in shares of AON during the 4th quarter worth approximately $25,000. Somerset Trust Co grew its holdings in shares of AON by 171.8% during the 1st quarter. Somerset Trust Co now owns 212 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 134 shares during the period. Sontag Advisory LLC purchased a new position in shares of AON during the 4th quarter worth approximately $31,000. Finally, YorkBridge Wealth Partners LLC grew its holdings in shares of AON by 1,875.0% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 316 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 84.63% of the company’s stock.

Shares of NYSE AON traded down $0.75 during midday trading on Friday, reaching $180.95. The company had a trading volume of 24,444 shares, compared to its average volume of 769,140. AON has a one year low of $134.82 and a one year high of $182.60. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 1.23. The firm has a market cap of $43.02 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94.

AON (NYSE:AON) last released its earnings results on Friday, April 26th. The financial services provider reported $3.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.31. AON had a return on equity of 46.15% and a net margin of 11.08%. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.21 billion. During the same quarter in the previous year, the company posted $2.97 EPS. AON’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities research analysts forecast that AON will post 9.15 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Tuesday, April 30th. This is an increase from AON’s previous quarterly dividend of $0.40. AON’s payout ratio is currently 21.57%.

About AON

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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