Aon PLC (NYSE:AON) SVP Laurel G. Meissner sold 4,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $141.20, for a total transaction of $564,800.00. Following the sale, the senior vice president now owns 12,314 shares of the company’s stock, valued at $1,738,736.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Aon PLC (AON) opened at $139.67 on Tuesday. Aon PLC has a one year low of $109.82 and a one year high of $152.78. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.08. The firm has a market cap of $35,545.45, a P/E ratio of 21.07, a PEG ratio of 1.85 and a beta of 1.04.
AON (NYSE:AON) last released its earnings results on Friday, October 27th. The financial services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.29 billion. AON had a net margin of 16.78% and a return on equity of 32.71%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.29 EPS. research analysts expect that Aon PLC will post 6.53 earnings per share for the current fiscal year.
Several research analysts have commented on the stock. Goldman Sachs Group assumed coverage on shares of AON in a report on Monday. They issued a “neutral” rating and a $149.00 price objective for the company. Zacks Investment Research lowered shares of AON from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Wells Fargo & Company increased their price objective on shares of AON from $138.00 to $143.00 and gave the company a “market perform” rating in a research report on Monday, October 30th. Jefferies Group increased their price objective on shares of AON from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Sandler O’Neill reissued a “hold” rating on shares of AON in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $144.77.
Hedge funds have recently bought and sold shares of the stock. Fieldpoint Private Securities LLC purchased a new position in AON during the third quarter worth $121,000. Piedmont Investment Advisors LLC raised its holdings in shares of AON by 0.9% in the third quarter. Piedmont Investment Advisors LLC now owns 56,151 shares of the financial services provider’s stock valued at $8,204,000 after acquiring an additional 495 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of AON by 5.0% in the third quarter. California Public Employees Retirement System now owns 700,844 shares of the financial services provider’s stock valued at $102,393,000 after acquiring an additional 33,364 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of AON in the third quarter valued at about $496,000. Finally, Valeo Financial Advisors LLC bought a new stake in shares of AON in the third quarter valued at about $105,000. 87.66% of the stock is owned by hedge funds and other institutional investors.
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AON 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.
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