Aon PLC (AON) Downgraded by Langen Mcalenn

Langen Mcalenn downgraded shares of Aon PLC (NYSE:AON) from a buy rating to a neutral rating in a report issued on Wednesday.

AON has been the subject of a number of other research reports. Jefferies Group LLC reiterated a buy rating and set a $146.00 price objective on shares of Aon PLC in a research note on Friday, June 16th. Janney Montgomery Scott cut Aon PLC from a buy rating to a neutral rating in a research note on Wednesday, June 21st. Zacks Investment Research upgraded Aon PLC from a hold rating to a buy rating and set a $147.00 price objective for the company in a research note on Monday, June 5th. Deutsche Bank AG lifted their price objective on Aon PLC from $108.00 to $113.00 and gave the company a hold rating in a research note on Friday, May 12th. Finally, Citigroup Inc. lifted their price objective on Aon PLC from $130.00 to $136.00 and gave the company a buy rating in a research note on Friday, April 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Aon PLC currently has a consensus rating of Hold and an average price target of $127.20.

Analyst Recommendations for Aon PLC (NYSE:AON)

Shares of Aon PLC (NYSE:AON) opened at 132.40 on Wednesday. The company has a market cap of $34.70 billion, a P/E ratio of 26.16 and a beta of 1.00. The company’s 50-day moving average price is $128.88 and its 200 day moving average price is $119.05. Aon PLC has a one year low of $100.55 and a one year high of $137.27.

Aon PLC (NYSE:AON) last released its earnings results on Tuesday, May 9th. The financial services provider reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.17. The company had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Aon PLC had a return on equity of 32.34% and a net margin of 12.23%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.35 EPS. On average, equities research analysts anticipate that Aon PLC will post $6.53 earnings per share for the current year.

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In related news, EVP Peter M. Lieb sold 16,683 shares of Aon PLC stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $117.29, for a total value of $1,956,749.07. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Peter M. Lieb sold 2,000 shares of Aon PLC stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $130.40, for a total value of $260,800.00. Following the completion of the sale, the executive vice president now directly owns 20,216 shares of the company’s stock, valued at approximately $2,636,166.40. The disclosure for this sale can be found here. Insiders sold 22,683 shares of company stock valued at $2,722,309 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Cleararc Capital Inc. raised its stake in shares of Aon PLC by 0.9% in the first quarter. Cleararc Capital Inc. now owns 6,444 shares of the financial services provider’s stock valued at $765,000 after buying an additional 56 shares during the last quarter. Financial Counselors Inc. raised its stake in shares of Aon PLC by 1.6% in the first quarter. Financial Counselors Inc. now owns 3,641 shares of the financial services provider’s stock valued at $432,000 after buying an additional 57 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Aon PLC by 10.4% in the first quarter. IFP Advisors Inc now owns 3,295 shares of the financial services provider’s stock valued at $391,000 after buying an additional 310 shares during the last quarter. Douglass Winthrop Advisors LLC raised its stake in shares of Aon PLC by 15.9% in the first quarter. Douglass Winthrop Advisors LLC now owns 3,025 shares of the financial services provider’s stock valued at $359,000 after buying an additional 414 shares during the last quarter. Finally, Piedmont Investment Advisors LLC raised its stake in shares of Aon PLC by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 55,788 shares of the financial services provider’s stock valued at $6,621,000 after buying an additional 479 shares during the last quarter. 86.31% of the stock is owned by institutional investors.

Aon PLC 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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