Aon plc Class A (NYSE:AON) has been given a $143.00 price objective by analysts at Wells Fargo & Co in a research note issued on Wednesday, March 7th. The brokerage presently has a “hold” rating on the financial services provider’s stock. Wells Fargo & Co’s price objective points to a potential downside of 0.85% from the company’s previous close.
Several other research firms have also weighed in on AON. Zacks Investment Research lowered shares of Aon plc Class A from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Barclays restated a “hold” rating and set a $135.00 price objective on shares of Aon plc Class A in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $158.00 price target on shares of Aon plc Class A in a research note on Wednesday, December 6th. Citigroup upped their price target on shares of Aon plc Class A from $157.00 to $162.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, William Blair lowered shares of Aon plc Class A from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $147.00.
Aon plc Class A (AON) traded down $1.74 on Wednesday, reaching $144.22. 1,196,719 shares of the company traded hands, compared to its average volume of 1,331,360. The company has a quick ratio of 1.67, a current ratio of 1.66 and a debt-to-equity ratio of 1.22. Aon plc Class A has a 1-year low of $116.05 and a 1-year high of $152.78. The company has a market cap of $36,018.67, a PE ratio of 30.88, a P/E/G ratio of 1.55 and a beta of 1.03.
Aon plc Class A (NYSE:AON) last issued 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. Aon plc Class A had a net margin of 12.26% and a return on equity of 32.41%. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the previous year, the firm posted $2.56 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. equities research analysts predict that Aon plc Class A will post 7.98 EPS for the current fiscal year.
In other news, Director Lester B. Knight acquired 60,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was bought at an average cost of $138.42 per share, for a total transaction of $8,305,200.00. Following the completion of the transaction, the director now directly owns 2,908 shares in the company, valued at approximately $402,525.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael J. O’connor sold 12,824 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $145.00, for a total transaction of $1,859,480.00. Following the sale, the chief executive officer now owns 126,629 shares of the company’s stock, valued at $18,361,205. The disclosure for this sale can be found here. In the last three months, insiders sold 123,477 shares of company stock valued at $17,453,753. 0.90% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. We Are One Seven LLC acquired a new stake in shares of Aon plc Class A during the fourth quarter worth $1,140,000. Sterling Capital Management LLC increased its position in shares of Aon plc Class A by 17.3% during the fourth quarter. Sterling Capital Management LLC now owns 9,776 shares of the financial services provider’s stock worth $1,310,000 after buying an additional 1,439 shares during the period. Lake Street Advisors Group LLC acquired a new stake in shares of Aon plc Class A during the fourth quarter worth $343,000. Captrust Financial Advisors acquired a new stake in shares of Aon plc Class A during the fourth quarter worth $240,000. Finally, Kings Point Capital Management increased its position in shares of Aon plc Class A by 4.6% during the fourth quarter. Kings Point Capital Management now owns 35,535 shares of the financial services provider’s stock worth $4,762,000 after buying an additional 1,577 shares during the period. Institutional investors own 87.30% of the company’s stock.
Aon plc Class A 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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