AON (AON) Given Buy Rating at Keefe, Bruyette & Woods
AON (NYSE:AON)‘s stock had its “buy” rating reissued by equities research analysts at Keefe, Bruyette & Woods in a research report issued on Wednesday. They presently have a $158.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 13.58% from the company’s current price.
Several other equities research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of AON from a “hold” rating to a “buy” rating and set a $171.00 target price on the stock in a research note on Wednesday, October 25th. ValuEngine upgraded shares of AON from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of AON from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Barclays boosted their target price on shares of AON from $135.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, October 16th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $143.00 target price on shares of AON in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $145.08.
Shares of AON (NYSE:AON) traded down $0.13 during trading on Wednesday, reaching $139.11. 760,518 shares of the company’s stock traded hands, compared to its average volume of 1,086,878. The company has a market cap of $34,903.21, a price-to-earnings ratio of 20.69, a PEG ratio of 1.81 and a beta of 1.04. 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 has a 12-month low of $109.82 and a 12-month high of $152.78.
AON (NYSE:AON) last announced its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.01. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.29 billion. AON had a net margin of 16.78% and a return on equity of 32.71%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.29 EPS. sell-side analysts forecast that AON will post 6.53 EPS for the current year.
In related news, CEO Michael J. O’connor sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $145.00, for a total transaction of $1,450,000.00. Following the transaction, the chief executive officer now owns 123,805 shares in the company, valued at approximately $17,951,725. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Laurel G. Meissner sold 4,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $141.20, for a total transaction of $564,800.00. Following the transaction, the senior vice president now owns 12,314 shares in the company, valued at approximately $1,738,736.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,680 shares of company stock worth $7,353,887. 0.90% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of AON. Parallel Advisors LLC lifted its position in AON by 16.7% during the 2nd quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock worth $102,000 after buying an additional 106 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in AON during the 3rd quarter worth about $105,000. Fiduciary Trust Co. acquired a new position in AON during the 2nd quarter worth about $108,000. Magellan Asset Management Ltd lifted its position in AON by 110.2% during the 2nd quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock worth $113,000 after buying an additional 444 shares in the last quarter. Finally, Fieldpoint Private Securities LLC acquired a new position in AON during the 3rd quarter worth about $121,000. Institutional investors and hedge funds own 87.66% of the company’s stock.
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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