Goldman Sachs Group Begins Coverage on AON (AON)
Goldman Sachs Group initiated coverage on shares of AON (NYSE:AON) in a research report sent to investors on Monday morning, MarketBeat reports. The brokerage issued a neutral rating and a $149.00 price target on the financial services provider’s stock.
Other equities research analysts have also issued research reports about the stock. ValuEngine lowered shares of AON from a buy rating to a hold rating in a research note on Monday, October 2nd. BidaskClub lowered shares of AON from a strong-buy rating to a buy rating in a research note on Friday, August 18th. Barclays lifted their price objective 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. Sandler O’Neill reaffirmed a hold rating on shares of AON in a research note on Monday, October 30th. Finally, Zacks Investment Research lowered shares of AON from a buy rating to a hold rating in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $145.08.
Shares of AON (NYSE AON) opened at $139.11 on Monday. The stock has a market cap of $34,903.21, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 1.81 and a beta of 1.04. AON has a 52 week low of $109.82 and a 52 week high of $152.78. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.35 and a current ratio of 2.35.
AON (NYSE:AON) last issued its earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. The company had revenue of $2.34 billion during 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 company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $1.29 EPS. equities research analysts expect that AON will post 6.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were issued a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $1.44 annualized dividend and a yield of 1.04%. AON’s dividend payout ratio (DPR) is presently 21.79%.
In related news, CEO John Zern sold 17,680 shares of AON stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $139.79, for a total value of $2,471,487.20. Following the transaction, the chief executive officer now owns 27,695 shares in the company, valued at approximately $3,871,484.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Laurel G. Meissner sold 4,000 shares of the business’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. Insiders sold a total of 51,680 shares of company stock worth $7,353,887 in the last quarter. Insiders own 0.90% of the company’s stock.
Several large investors have recently bought and sold shares of AON. Parallel Advisors LLC increased its holdings in shares of 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 purchasing an additional 106 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of AON during the 3rd quarter worth about $105,000. Fiduciary Trust Co. bought a new position in shares of AON during the 2nd quarter worth about $108,000. Magellan Asset Management Ltd increased its holdings in shares of 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 purchasing an additional 444 shares during the period. Finally, Fieldpoint Private Securities LLC bought a new position in shares of AON during the 3rd quarter worth about $121,000. Institutional investors own 87.66% of the company’s stock.
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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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