Aon plc Class A (AON) Earns Hold Rating from Barclays

Barclays reaffirmed their hold rating on shares of Aon plc Class A (NYSE:AON) in a report released on Tuesday. The brokerage currently has a $135.00 price target on the financial services provider’s stock.

A number of other research firms have also weighed in on AON. Zacks Investment Research lowered shares of Aon plc Class A from a hold rating to a sell rating in a research report on Tuesday, January 2nd. Wells Fargo & Co raised their target price on shares of Aon plc Class A from $138.00 to $143.00 and gave the stock a market perform rating in a research report on Monday, October 30th. Jefferies Group raised their target price on shares of Aon plc Class A from $162.00 to $170.00 and gave the stock a buy rating in a research report on Monday, October 30th. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $158.00 target price on shares of Aon plc Class A in a research report on Wednesday, December 6th. Finally, Goldman Sachs Group started coverage on shares of Aon plc Class A in a research report on Monday, December 4th. They set a neutral rating and a $149.00 target price on the stock. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. Aon plc Class A has an average rating of Hold and an average price target of $144.69.

Aon plc Class A (AON) traded down $1.39 during trading on Tuesday, reaching $135.27. 737,100 shares of the company were exchanged, compared to its average volume of 1,100,500. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.35 and a quick ratio of 2.35. Aon plc Class A has a 12 month low of $109.82 and a 12 month high of $152.78. The stock has a market cap of $33,800.00, a price-to-earnings ratio of 35.32, a P/E/G ratio of 1.43 and a beta of 1.04.

Aon plc Class A (NYSE:AON) last posted its quarterly earnings data on Friday, October 27th. The financial services provider reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.01. Aon plc Class A had a net margin of 16.78% and a return on equity of 32.71%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the company posted $1.29 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. equities analysts predict that Aon plc Class A will post 6.53 EPS for the current year.

In other news, SVP Laurel G. Meissner sold 4,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $141.20, for a total transaction of $564,800.00. Following the transaction, the senior vice president now directly owns 12,314 shares in the company, valued at $1,738,736.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO John Zern sold 17,680 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $139.79, for a total transaction of $2,471,487.20. Following the transaction, the chief executive officer now owns 27,695 shares in the company, valued at $3,871,484.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,680 shares of company stock worth $5,903,887. Insiders own 0.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in Aon plc Class A by 1,108.1% in the second 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 in the last quarter. SPF Beheer BV purchased a new position in shares of Aon plc Class A in the third quarter worth $84,347,000. APG Asset Management N.V. raised its holdings in shares of Aon plc Class A by 139.9% in the third quarter. APG Asset Management N.V. now owns 953,932 shares of the financial services provider’s stock worth $139,369,000 after buying an additional 556,300 shares during the last quarter. Findlay Park Partners LLP purchased a new position in shares of Aon plc Class A in the third quarter worth $68,840,000. Finally, Vanguard Group Inc. raised its holdings in shares of Aon plc Class A by 2.4% in the second quarter. Vanguard Group Inc. now owns 17,812,319 shares of the financial services provider’s stock worth $2,368,149,000 after buying an additional 415,363 shares during the last quarter. Hedge funds and other institutional investors own 87.23% of the company’s stock.

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About Aon plc Class A

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 Class A (NYSE:AON)

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