Aon plc (NYSE:AON) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Aon plc (NYSE:AONGet Free Report) have been given an average recommendation of “Reduce” by the thirteen ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $321.86.

Several brokerages recently issued reports on AON. Keefe, Bruyette & Woods increased their price target on AON from $294.00 to $312.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $311.00 price target on shares of AON in a report on Tuesday, May 28th. Bank of America downgraded AON from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $345.00 to $306.00 in a report on Wednesday, May 22nd. Wells Fargo & Company lowered their price target on AON from $300.00 to $289.00 and set an “underweight” rating for the company in a report on Monday, April 29th. Finally, Royal Bank of Canada lowered their price target on AON from $325.00 to $315.00 and set a “sector perform” rating for the company in a report on Monday, April 29th.

View Our Latest Stock Analysis on AON

AON Trading Down 0.9 %

Shares of AON opened at $283.12 on Friday. The firm has a market capitalization of $61.56 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 1.89 and a beta of 0.91. The stock’s fifty day simple moving average is $295.68 and its 200 day simple moving average is $305.87. AON has a twelve month low of $268.06 and a twelve month high of $347.37.

AON (NYSE:AONGet Free Report) last issued its earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share for the quarter, missing the consensus estimate of $5.86 by ($0.20). The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.14 billion. AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $5.17 earnings per share. Sell-side analysts predict that AON will post 15.48 earnings per share for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Tuesday, April 30th. This is a boost from AON’s previous quarterly dividend of $0.62. AON’s payout ratio is 21.16%.

Insider Activity

In other AON news, Director Lester B. Knight purchased 10,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were bought at an average price of $276.61 per share, with a total value of $2,766,100.00. Following the completion of the acquisition, the director now owns 139,000 shares in the company, valued at approximately $38,448,790. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.15% of the company’s stock.

Institutional Investors Weigh In On AON

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new stake in AON during the fourth quarter worth approximately $25,000. Frazier Financial Advisors LLC acquired a new position in AON in the fourth quarter worth approximately $31,000. Rise Advisors LLC acquired a new position in AON in the first quarter worth approximately $37,000. Headlands Technologies LLC acquired a new position in AON in the third quarter worth approximately $39,000. Finally, Bruce G. Allen Investments LLC acquired a new position in AON in the fourth quarter worth approximately $40,000. Institutional investors own 86.14% of the company’s stock.

AON Company Profile

(Get Free Report

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.

Recommended Stories

Analyst Recommendations for AON (NYSE:AON)

Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter.