Aon PLC (AON) Price Target Raised to $143.00
Aon PLC (NYSE:AON) had its target price boosted by Wells Fargo & Company from $138.00 to $143.00 in a research report sent to investors on Monday. The firm currently has a market perform rating on the financial services provider’s stock.
Several other analysts have also recently commented on the stock. Zacks Investment Research raised shares of Aon PLC from a hold rating to a buy rating and set a $171.00 price target on the stock in a research note on Wednesday, October 25th. ValuEngine raised shares of Aon PLC from a hold rating to a buy rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods reissued a buy rating and set a $154.00 price target on shares of Aon PLC in a research note on Monday, October 16th. Barclays PLC increased their price target on shares of Aon PLC from $115.00 to $135.00 and gave the company an equal weight rating in a research note on Monday, July 3rd. Finally, BidaskClub raised shares of Aon PLC from a buy rating to a strong-buy rating in a research note on Saturday, August 12th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $144.42.
Aon PLC (NYSE:AON) last released its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.01. Aon PLC had a net margin of 16.78% and a return on equity of 32.71%. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the prior year, the firm earned $1.29 earnings per share. Aon PLC’s revenue was up 6.3% compared to the same quarter last year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.36 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $1.44 dividend on an annualized basis and a yield of 1.00%. Aon PLC’s payout ratio is presently 21.79%.
In other Aon PLC news, CEO Michael J. O’connor sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $145.00, for a total value of $1,450,000.00. Following the transaction, the chief executive officer now directly owns 123,805 shares of the company’s stock, valued at $17,951,725. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.90% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the business. FNY Partners Fund LP acquired a new stake in Aon PLC in the first quarter worth $106,000. Atria Investments LLC raised its holdings in Aon PLC by 2.4% in the second quarter. Atria Investments LLC now owns 8,841 shares of the financial services provider’s stock worth $1,175,000 after purchasing an additional 208 shares during the period. Capital Investment Advisors LLC acquired a new stake in Aon PLC in the second quarter worth $220,000. Bank of Montreal Can raised its holdings in Aon PLC by 86.5% in the second quarter. Bank of Montreal Can now owns 266,601 shares of the financial services provider’s stock worth $35,445,000 after purchasing an additional 123,654 shares during the period. Finally, Gateway Investment Advisers LLC raised its holdings in Aon PLC by 3.0% in the second quarter. Gateway Investment Advisers LLC now owns 224,226 shares of the financial services provider’s stock worth $29,811,000 after purchasing an additional 6,521 shares during the period. 84.52% of the stock is currently owned by hedge funds and other institutional investors.
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.
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