Aon plc Class A (NYSE:AON) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Aon’s shares have outperformed the industry in a year’s time. The company’s core business strengthening initiatives, efficient capital deployment, strong cash flow position and cost savings from its restructuring programs bode well for long-term growth. It has recently divested its non-core HR BPO business to Blackstone in order to streamline its core operations. Aon has also seen the Zacks Consensus Estimate for 2018 earnings being revised upward in the last 30 days. However, the company’s rising level of debt continues to bother. This in turn results in increased interest expenses that weigh on the bottom line. Also, Aon’s geographically diversified operations are exposed to foreign currency fluctuations.”
A number of other equities analysts also recently weighed in on AON. Goldman Sachs raised Aon plc Class A from a “neutral” rating to a “buy” rating and upped their price target for the stock from $144.22 to $149.00 in a research report on Thursday, March 15th. Wells Fargo reaffirmed a “hold” rating and set a $143.00 price target on shares of Aon plc Class A in a research report on Friday, February 2nd. Citigroup upped their price target on Aon plc Class A from $162.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Barclays reaffirmed a “hold” rating and set a $135.00 price target on shares of Aon plc Class A in a research report on Tuesday, January 9th. Finally, William Blair downgraded Aon plc Class A from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, twelve have issued 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 an average price target of $147.00.
Aon plc Class A (AON) opened at $143.41 on Tuesday. Aon plc Class A has a 12-month low of $116.05 and a 12-month high of $152.78. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.67 and a current ratio of 1.66. The firm has a market capitalization of $35,696.17, a P/E ratio of 30.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.03.
Aon plc Class A (NYSE:AON) last released its quarterly earnings results on Friday, February 2nd. The financial services provider reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.01. Aon plc Class A had a return on equity of 32.41% and a net margin of 12.26%. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the prior year, the firm posted $2.56 EPS. The business’s revenue was up 9.8% on a year-over-year basis. sell-side analysts expect that Aon plc Class A will post 7.98 earnings per share for the current year.
In other news, CFO Christa Davies sold 96,570 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $140.92, for a total value of $13,608,644.40. Following the completion of the sale, the chief financial officer now owns 284,766 shares of the company’s stock, valued at approximately $40,129,224.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Peter M. Lieb sold 4,200 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $141.39, for a total value of $593,838.00. 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 currently owned by insiders.
Institutional investors have recently made changes to their positions in the business. Valeo Financial Advisors LLC acquired a new stake in Aon plc Class A during the 3rd quarter valued at $105,000. Fieldpoint Private Securities LLC acquired a new stake in Aon plc Class A during the 3rd quarter valued at $121,000. BB&T Investment Services Inc. lifted its holdings in Aon plc Class A by 71.3% during the 3rd quarter. BB&T Investment Services Inc. now owns 1,038 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 432 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Aon plc Class A by 105.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,170 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 600 shares during the last quarter. Finally, Auxier Asset Management acquired a new stake in Aon plc Class A during the 3rd quarter valued at $206,000. 87.28% of the stock is owned by institutional investors and hedge funds.
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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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