Aon PLC’s (AON) “Buy” Rating Reiterated at Jefferies Group LLC

Jefferies Group LLC reissued their buy rating on shares of Aon PLC (NYSE:AON) in a report released on Friday morning. They currently have a $146.00 price objective on the financial services provider’s stock.

Several other equities research analysts have also issued reports on AON. Zacks Investment Research raised shares of Aon PLC from a hold rating to a buy rating and set a $147.00 target price on the stock in a research note on Monday, June 5th. BMO Capital Markets reissued a market perform rating and set a $126.00 target price (up from $124.00) on shares of Aon PLC in a research note on Thursday, February 16th. Deutsche Bank AG increased their target price on shares of Aon PLC from $108.00 to $113.00 and gave the stock a hold rating in a research note on Friday, May 12th. Citigroup Inc. increased their target price on shares of Aon PLC from $130.00 to $136.00 and gave the stock a buy rating in a research note on Friday, April 7th. Finally, Credit Suisse Group reissued a sell rating and set a $122.00 target price on shares of Aon PLC in a research note on Wednesday, May 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Aon PLC presently has a consensus rating of Hold and a consensus target price of $126.10.

Aon PLC (NYSE:AON) opened at 135.04 on Friday. The stock has a market capitalization of $35.39 billion, a P/E ratio of 26.68 and a beta of 1.00. The stock has a 50 day moving average price of $128.88 and a 200 day moving average price of $119.05. Aon PLC has a 12 month low of $100.55 and a 12 month high of $137.28.

Aon PLC (NYSE:AON) last posted its earnings results on Tuesday, May 9th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.17. Aon PLC had a net margin of 12.23% and a return on equity of 32.34%. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the company posted $1.35 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts predict that Aon PLC will post $6.53 EPS for the current fiscal year.

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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 shares were sold at an average price of $117.29, for a total value of $1,956,749.07. Following the transaction, the executive vice president now directly owns 22,216 shares of the company’s stock, valued at approximately $2,605,714.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Laurel G. Meissner sold 4,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $126.19, for a total transaction of $504,760.00. Following the completion of the transaction, the senior vice president now directly owns 16,314 shares in the company, valued at $2,058,663.66. The disclosure for this sale can be found here. Insiders sold a total of 22,683 shares of company stock worth $2,722,309 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of Aon PLC during the fourth quarter worth $437,213,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Aon PLC during the fourth quarter worth approximately $180,934,000. Capital Guardian Trust Co. acquired a new stake in Aon PLC during the fourth quarter worth approximately $100,538,000. Janus Capital Management LLC increased its stake in Aon PLC by 20.3% in the fourth quarter. Janus Capital Management LLC now owns 2,402,568 shares of the financial services provider’s stock worth $267,959,000 after buying an additional 405,618 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Aon PLC by 25.3% in the first quarter. Russell Investments Group Ltd. now owns 1,045,970 shares of the financial services provider’s stock worth $124,125,000 after buying an additional 210,931 shares during the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

About Aon PLC

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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