Aon plc Class A (NYSE:AON) had its price objective raised by stock analysts at Citigroup from $157.00 to $162.00 in a research note issued to investors on Friday. The firm presently has a “buy” rating on the financial services provider’s stock. Citigroup’s price objective indicates a potential upside of 17.47% from the stock’s current price.
A number of other analysts have also recently issued reports on the stock. TheStreet cut shares of Aon plc Class A from a “b-” rating to a “c” rating in a research note on Friday, February 2nd. Wells Fargo & Co reiterated a “hold” rating and issued a $143.00 target price on shares of Aon plc Class A in a research note on Friday, February 2nd. Jefferies Group reiterated a “buy” rating and issued a $162.00 target price on shares of Aon plc Class A in a research note on Friday, October 13th. Zacks Investment Research cut shares of Aon plc Class A from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Barclays reiterated a “hold” rating and issued a $135.00 target price on shares of Aon plc Class A in a research note on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. Aon plc Class A has a consensus rating of “Hold” and an average target price of $144.92.
Shares of Aon plc Class A (NYSE:AON) opened at $137.91 on Friday. The company has a current ratio of 1.66, a quick ratio of 2.35 and a debt-to-equity ratio of 1.22. The company has a market cap of $34,463.43, a P/E ratio of 21.09, a P/E/G ratio of 1.47 and a beta of 1.05. Aon plc Class A has a fifty-two week low of $114.00 and a fifty-two week high of $152.78.
Aon plc Class A (NYSE:AON) last posted its quarterly earnings results on Friday, February 2nd. The financial services provider reported $2.35 EPS for the quarter, topping the consensus estimate of $2.34 by $0.01. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Aon plc Class A had a net margin of 12.26% and a return on equity of 32.41%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $2.56 earnings per share. analysts anticipate that Aon plc Class A will post 7.98 EPS for the current year.
In other news, SVP Laurel G. Meissner sold 4,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $141.20, for a total value of $564,800.00. Following the completion of the sale, the senior vice president now directly owns 12,314 shares in the company, valued at $1,738,736.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lester B. Knight acquired 60,000 shares of Aon plc Class A stock in a transaction dated Tuesday, February 6th. The stock was purchased at an average price of $138.42 per share, with a total value of $8,305,200.00. Following the completion of the purchase, the director now directly owns 2,908 shares of the company’s stock, valued at approximately $402,525.36. The disclosure for this purchase can be found here. Insiders sold 48,704 shares of company stock valued at $6,924,805 over the last 90 days. 0.90% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Valeo Financial Advisors LLC acquired a new stake in shares of Aon plc Class A in the third quarter worth $105,000. Fieldpoint Private Securities LLC bought a new position in Aon plc Class A during the third quarter worth $121,000. BB&T Investment Services Inc. increased its position in Aon plc Class A by 71.3% during the third quarter. BB&T Investment Services Inc. now owns 1,038 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 432 shares during the period. MPS Loria Financial Planners LLC bought a new position in Aon plc Class A during the second quarter worth $139,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Aon plc Class A by 105.3% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,170 shares of the financial services provider’s stock worth $157,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 88.09% of the company’s stock.
About Aon plc Class A
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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