Aon PLC (NYSE:AON) had its price target decreased by Barclays PLC from $104.00 to $99.00 in a research note published on Friday, StockTargetPrices.com reports. Barclays PLC currently has an equal weight rating on the stock.
Other equities research analysts have also issued research reports about the company. Credit Suisse Group AG reiterated an underperform rating on shares of Aon PLC in a research note on Wednesday, July 6th. Oppenheimer Holdings Inc. reiterated a buy rating on shares of Aon PLC in a research note on Tuesday, June 7th. Zacks Investment Research lowered Aon PLC from a hold rating to a sell rating in a research note on Monday, July 18th. BMO Capital Markets reiterated a market perform rating and issued a $115.00 target price (up previously from $107.00) on shares of Aon PLC in a research note on Tuesday, July 12th. Finally, Jefferies Group increased their target price on Aon PLC from $120.00 to $123.00 and gave the company a buy rating in a research note on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $107.92.
Aon PLC (NYSE:AON) opened at 111.75 on Friday. Aon PLC has a one year low of $83.83 and a one year high of $113.78. The firm has a 50-day moving average price of $110.87 and a 200-day moving average price of $107.77. The stock has a market cap of $29.68 billion, a price-to-earnings ratio of 21.04 and a beta of 1.02.
Aon PLC (NYSE:AON) last released its quarterly earnings data on Friday, July 29th. The company reported $1.39 EPS for the quarter, hitting analysts’ consensus estimates of $1.39. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.85 billion. Aon PLC had a return on equity of 30.10% and a net margin of 12.65%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $1.31 EPS. On average, equities analysts predict that Aon PLC will post $6.49 earnings per share for the current year.
In other Aon PLC news, CEO Stephen P. Mcgill sold 46,698 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $108.41, for a total transaction of $5,062,530.18. Following the transaction, the chief executive officer now owns 252,071 shares of the company’s stock, valued at approximately $27,327,017.11. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Compagnie Lombard Odier SCmA bought a new stake in shares of Aon PLC during the second quarter valued at about $121,000. Hudock Capital Group LLC increased its stake in shares of Aon PLC by 70.1% in the second quarter. Hudock Capital Group LLC now owns 1,446 shares of the company’s stock valued at $157,000 after buying an additional 596 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Aon PLC by 4.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,776 shares of the company’s stock valued at $194,000 after buying an additional 81 shares during the period. Chesley Taft & Associates LLC bought a new stake in shares of Aon PLC during the second quarter valued at about $203,000. Finally, Tufton Capital Management bought a new stake in shares of Aon PLC during the second quarter valued at about $208,000. 84.51% of the stock is currently owned by institutional investors and hedge funds.
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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