Aon plc (NYSE:AON) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Aon plc (NYSE:AONGet Rating) have been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $302.82.

AON has been the topic of several recent research reports. Morgan Stanley cut 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 report on Friday, June 3rd. The Goldman Sachs Group initiated coverage on AON in a research report on Tuesday, July 12th. They issued a “neutral” rating and a $301.00 price target on the stock. Jefferies Financial Group dropped their price target on AON from $316.00 to $296.00 and set a “hold” rating on the stock in a research report on Tuesday, July 12th. Bank of America initiated coverage on AON in a research report on Monday. They set a “neutral” rating and a $294.00 target price on the stock. Finally, TheStreet cut AON from a “b” rating to a “c+” rating in a research report on Friday, July 29th.

AON Trading Down 0.3 %

AON opened at $272.22 on Friday. The firm has a market cap of $57.42 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 2.03 and a beta of 0.90. AON has a 52 week low of $246.21 and a 52 week high of $341.98. The business’s 50 day moving average is $285.61 and its two-hundred day moving average is $288.98. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 12.27.

AON (NYSE:AONGet Rating) last issued its quarterly earnings results on Friday, July 29th. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.06. The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $3.01 billion. AON had a return on equity of 204.19% and a net margin of 11.96%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.29 EPS. On average, research analysts predict that AON will post 13.19 EPS for the current year.

AON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Monday, August 1st were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Friday, July 29th. AON’s payout ratio is currently 32.14%.

Insider Activity at AON

In related news, Director Byron Spruell bought 400 shares of AON stock in a transaction that occurred on Tuesday, August 23rd. The shares were purchased at an average price of $291.72 per share, with a total value of $116,688.00. Following the purchase, the director now owns 2,743 shares in the company, valued at $800,187.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Byron Spruell bought 400 shares of AON stock in a transaction that occurred on Tuesday, August 23rd. The shares were purchased at an average price of $291.72 per share, with a total value of $116,688.00. Following the purchase, the director now owns 2,743 shares in the company, valued at $800,187.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Darren Zeidel sold 111 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $290.00, for a total value of $32,190.00. Following the transaction, the general counsel now directly owns 15,129 shares in the company, valued at approximately $4,387,410. The disclosure for this sale can be found here. 1.06% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. City State Bank purchased a new position in shares of AON during the 4th quarter worth $29,000. Larson Financial Group LLC acquired a new stake in shares of AON during the 2nd quarter worth $32,000. Steph & Co. acquired a new stake in shares of AON during the 1st quarter worth $33,000. J.W. Cole Advisors Inc. acquired a new stake in shares of AON during the 1st quarter worth $35,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings 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 worth $36,000 after buying an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

About AON

(Get Rating)

Aon Plc operates as a global professional services firm. It provides advice and solutions to clients focused on risk, retirement, and health through the following products and services: Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions, and Data and Analytic Services.

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Analyst Recommendations for AON (NYSE:AON)

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