Aon plc (NYSE:AON) Receives Average Rating of “Hold” from Brokerages

Aon plc (NYSE:AON – Get Rating) has been assigned an average rating of “Hold” from the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $302.64.

Several brokerages recently commented on AON. The Goldman Sachs Group began coverage on AON in a research note on Tuesday, July 12th. They set a “neutral” rating and a $301.00 price objective on the stock. TheStreet downgraded AON from a “b” rating to a “c+” rating in a research note on Friday, July 29th. Morgan Stanley downgraded AON from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $320.00 to $250.00 in a research note on Friday, June 3rd. Jefferies Financial Group decreased their price objective on AON from $316.00 to $296.00 and set a “hold” rating for the company in a report on Tuesday, July 12th. Finally, Wells Fargo & Company decreased their price objective on AON from $321.00 to $310.00 in a report on Monday, May 2nd.

Insider Buying and Selling at AON

In other news, General Counsel Darren Zeidel sold 111 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $290.00, for a total transaction of $32,190.00. Following the completion of the transaction, the general counsel now directly owns 15,129 shares of the company’s stock, valued at approximately $4,387,410. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.99% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AON. City State Bank purchased a new position in AON in the 4th quarter worth $29,000. Steph & Co. bought a new stake in shares of AON during the 1st quarter valued at about $33,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of AON by 71.9% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 110 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 46 shares in the last quarter. O Dell Group LLC boosted its stake in AON by 495.2% during the first quarter. O Dell Group LLC now owns 125 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 104 shares in the last quarter. Finally, Tcwp LLC bought a new stake in AON during the first quarter worth about $40,000. 85.01% of the stock is owned by institutional investors.

AON Stock Up 2.1 %

NYSE:AON opened at $286.03 on Thursday. The firm has a market capitalization of $60.75 billion, a P/E ratio of 41.04 and a beta of 0.90. AON has a 12-month low of $246.21 and a 12-month high of $341.98. The company has a quick ratio of 2.01, a current ratio of 1.88 and a debt-to-equity ratio of 12.27. The stock’s fifty day simple moving average is $270.91 and its 200-day simple moving average is $287.42.

AON (NYSE:AON – Get Rating) last issued its quarterly earnings data on Friday, July 29th. The financial services provider reported $2.63 EPS for the quarter, topping the consensus estimate of $2.57 by $0.06. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3.01 billion. AON had a return on equity of 204.19% and a net margin of 11.96%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 EPS. Equities research analysts expect that AON will post 13.19 earnings per share for the current year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Monday, August 1st will be issued a $0.56 dividend. The ex-dividend date is Friday, July 29th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.78%. AON’s dividend payout ratio is presently 32.14%.

About AON

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Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captives management; and health solutions, such as health and benefits brokerages, and health care exchanges.

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