Keefe, Bruyette & Woods Reiterates Buy Rating for Aon PLC (AON)

Aon PLC (NYSE:AON)‘s stock had its “buy” rating restated by equities researchers at Keefe, Bruyette & Woods in a research note issued on Monday. They currently have a $154.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 2.70% from the stock’s previous close.

Several other brokerages have also recently issued reports on AON. Jefferies Group LLC reissued a “buy” rating and set a $162.00 price objective on shares of Aon PLC in a research note on Friday. Barclays PLC boosted their price objective on Aon PLC from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday. ValuEngine cut Aon PLC from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Royal Bank Of Canada reissued a “hold” rating and set a $143.00 price objective on shares of Aon PLC in a research note on Wednesday, September 6th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Aon PLC in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. Aon PLC presently has an average rating of “Hold” and an average target price of $141.10.

Aon PLC (AON) traded up 0.38% during trading on Monday, reaching $149.95. The company’s stock had a trading volume of 521,663 shares. The company’s 50-day moving average is $144.14 and its 200-day moving average is $133.84. Aon PLC has a 12 month low of $107.19 and a 12 month high of $150.16. The stock has a market cap of $39.30 billion, a PE ratio of 39.15 and a beta of 1.04.

Aon PLC (NYSE:AON) last announced its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the previous year, the business earned $1.39 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. Equities analysts expect that Aon PLC will post $6.50 EPS for the current fiscal year.

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In other Aon PLC news, CEO Michael J. O’connor sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $145.00, for a total transaction of $1,450,000.00. Following the completion of the sale, the chief executive officer now owns 123,805 shares in the company, valued at $17,951,725. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.90% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Aon PLC by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 17,812,319 shares of the financial services provider’s stock valued at $2,368,149,000 after acquiring an additional 415,363 shares during the period. BlackRock Inc. increased its position in shares of Aon PLC by 0.6% in the 2nd quarter. BlackRock Inc. now owns 15,663,729 shares of the financial services provider’s stock valued at $2,082,493,000 after acquiring an additional 100,762 shares during the period. Longview Partners Guernsey LTD increased its position in shares of Aon PLC by 1.7% in the 2nd quarter. Longview Partners Guernsey LTD now owns 6,700,077 shares of the financial services provider’s stock valued at $890,775,000 after acquiring an additional 114,690 shares during the period. Mawer Investment Management Ltd. increased its position in shares of Aon PLC by 2.5% in the 2nd quarter. Mawer Investment Management Ltd. now owns 5,131,164 shares of the financial services provider’s stock valued at $682,188,000 after acquiring an additional 122,803 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of Aon PLC by 1,108.1% in the 2nd quarter. Janus Henderson Group PLC now owns 3,180,268 shares of the financial services provider’s stock valued at $422,814,000 after acquiring an additional 2,917,018 shares during the period. 84.01% of the stock is currently owned by institutional investors and hedge funds.

Aon PLC Company Profile

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.

Analyst Recommendations for Aon PLC (NYSE:AON)

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