Analysts Set Aon PLC (NYSE:AON) Price Target at $194.25

Shares of Aon PLC (NYSE:AON) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $194.25.

A number of analysts have weighed in on the company. UBS Group increased their target price on AON from $181.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Wells Fargo & Co reiterated a “hold” rating and issued a $195.00 target price on shares of AON in a research note on Friday, July 26th. ValuEngine lowered AON from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Morgan Stanley increased their target price on AON from $197.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Finally, Barclays set a $190.00 target price on AON and gave the stock a “hold” rating in a research note on Monday, August 12th.

In other news, COO John G. Bruno sold 7,600 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was 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 $8,894,259.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Neller sold 750 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $193.29, for a total value of $144,967.50. Following the transaction, the insider now owns 2,192 shares in the company, valued at approximately $423,691.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,053 shares of company stock worth $2,906,175. Insiders own 0.92% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Corient Capital Partners LLC increased its stake in shares of AON by 33.9% during the third quarter. Corient Capital Partners LLC now owns 4,097 shares of the financial services provider’s stock valued at $793,000 after buying an additional 1,038 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in AON during the third quarter valued at about $750,000. AR Asset Management Inc. bought a new stake in AON during the third quarter valued at about $2,249,000. BBVA USA Bancshares Inc. boosted its position in AON by 5.3% during the third quarter. BBVA USA Bancshares Inc. now owns 4,380 shares of the financial services provider’s stock valued at $847,000 after purchasing an additional 220 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its position in AON by 30.6% during the third quarter. Prime Capital Investment Advisors LLC now owns 503 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 86.37% of the company’s stock.

AON stock traded down $0.19 during midday trading on Friday, reaching $194.38. The company’s stock had a trading volume of 596,744 shares, compared to its average volume of 912,892. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a fifty day simple moving average of $192.12 and a two-hundred day simple moving average of $189.69. AON has a 1 year low of $135.30 and a 1 year high of $198.61. The firm has a market capitalization of $45.22 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 1.76 and a beta of 0.86.

AON (NYSE:AON) last released its earnings results on Friday, October 25th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.02. AON had a return on equity of 51.63% and a net margin of 13.79%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the firm posted $1.30 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. As a group, analysts forecast that AON will post 9.15 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid 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 is currently 21.57%.

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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Analyst Recommendations for AON (NYSE:AON)

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