Brokerages Set Aon plc Class A (AON) Target Price at $119.78

Shares of Aon plc Class A (NYSE:AON) have been assigned a consensus rating of “Hold” from the thirteen brokerages that are covering the firm. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $123.13.

AON has been the topic of a number of recent analyst reports. Jefferies Group LLC upped their target price on Aon plc Class A from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Monday, February 13th. Citigroup Inc upped their price target on Aon plc Class A from $130.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, April 7th. Langen Mcalenn reissued a “buy” rating on shares of Aon plc Class A in a research report on Friday, December 30th. Barclays PLC reissued a “hold” rating and set a $110.00 price target on shares of Aon plc Class A in a research report on Monday, January 9th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Aon plc Class A in a research report on Sunday, April 16th.

Aon plc Class A (NYSE:AON) traded down 1.77% during trading on Friday, hitting $118.43. 1,327,024 shares of the company were exchanged. The company has a market capitalization of $31.10 billion, a price-to-earnings ratio of 22.95 and a beta of 1.01. The stock’s 50-day moving average is $118.24 and its 200-day moving average is $113.95. Aon plc Class A has a 12 month low of $100.55 and a 12 month high of $121.05.

Aon plc Class A (NYSE:AON) last announced its earnings results on Friday, February 10th. The financial services provider reported $2.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.49 by $0.07. Aon plc Class A had a return on equity of 32.46% and a net margin of 12.01%. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same period in the prior year, the company posted $2.27 EPS. Aon plc Class A’s quarterly revenue was up 1.1% on a year-over-year basis. Equities research analysts anticipate that Aon plc Class A will post $6.36 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be paid a $0.36 dividend. This is a boost from Aon plc Class A’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, April 27th. This represents a $1.44 annualized dividend and a dividend yield of 1.22%. Aon plc Class A’s dividend payout ratio is presently 25.53%.

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In related news, EVP Peter M. Lieb sold 16,683 shares of the firm’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $117.29, for a total transaction of $1,956,749.07. Following the completion of the transaction, the executive vice president now owns 22,216 shares of the company’s stock, valued at $2,605,714.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Christa Davies sold 48,216 shares of the firm’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $117.42, for a total value of $5,661,522.72. Following the transaction, the chief financial officer now directly owns 301,315 shares of the company’s stock, valued at approximately $35,380,407.30. The disclosure for this sale can be found here. In the last three months, insiders sold 584,899 shares of company stock valued at $67,719,872. Company insiders own 1.00% of the company’s stock.

Several large investors have recently made changes to their positions in AON. Quadrant Capital Group LLC increased its stake in shares of Aon plc Class A by 0.5% in the third quarter. Quadrant Capital Group LLC now owns 1,619 shares of the financial services provider’s stock valued at $178,000 after buying an additional 8 shares in the last quarter. FTB Advisors Inc. increased its stake in shares of Aon plc Class A by 2.9% in the third quarter. FTB Advisors Inc. now owns 2,264 shares of the financial services provider’s stock valued at $255,000 after buying an additional 64 shares in the last quarter. Cookson Peirce & Co. Inc. increased its stake in shares of Aon plc Class A by 2.4% in the third quarter. Cookson Peirce & Co. Inc. now owns 3,045 shares of the financial services provider’s stock valued at $343,000 after buying an additional 70 shares in the last quarter. SRB Corp increased its stake in shares of Aon plc Class A by 6.9% in the third quarter. SRB Corp now owns 1,433 shares of the financial services provider’s stock valued at $161,000 after buying an additional 92 shares in the last quarter. Finally, Essex Financial Services Inc. increased its stake in shares of Aon plc Class A by 2.7% in the fourth quarter. Essex Financial Services Inc. now owns 3,787 shares of the financial services provider’s stock valued at $422,000 after buying an additional 100 shares in the last quarter. 83.61% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:AON

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