Sandler O’Neill Upgrades AON (AON) to Buy

AON (NYSE:AON) was upgraded by stock analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a research note issued on Monday, Marketbeat Ratings reports.

AON has been the subject of several other research reports. Zacks Investment Research lowered AON from a “buy” rating to a “hold” rating in a research note on Friday, July 6th. Wells Fargo & Co set a $143.00 target price on AON and gave the stock a “hold” rating in a research note on Friday, October 26th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $164.00 target price on shares of AON in a research note on Sunday, July 29th. Credit Suisse Group began coverage on AON in a research note on Tuesday, August 7th. They issued a “neutral” rating and a $154.00 target price for the company. Finally, Raymond James raised AON from an “underperform” rating to an “outperform” rating in a research note on Tuesday, September 25th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $156.71.

Shares of NYSE AON opened at $158.70 on Monday. AON has a 12 month low of $130.87 and a 12 month high of $159.13. The company has a quick ratio of 1.63, a current ratio of 1.41 and a debt-to-equity ratio of 1.31. The stock has a market cap of $36.96 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 1.63 and a beta of 0.99.



AON (NYSE:AON) last issued its quarterly earnings data on Friday, October 26th. The financial services provider reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.09. AON had a return on equity of 43.96% and a net margin of 7.06%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the firm earned $1.29 earnings per share. AON’s revenue was up .4% on a year-over-year basis. Sell-side analysts anticipate that AON will post 8.06 EPS for the current year.

In other news, insider Michael Neller sold 750 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $143.58, for a total transaction of $107,685.00. Following the completion of the sale, the insider now owns 787 shares of the company’s stock, valued at $112,997.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey C. Campbell acquired 5,550 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were bought at an average cost of $143.84 per share, with a total value of $798,312.00. Following the purchase, the director now owns 7,084 shares of the company’s stock, valued at approximately $1,018,962.56. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 8,750 shares of company stock valued at $1,327,685. 0.42% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Townsend & Associates Inc purchased a new stake in shares of AON during the second quarter valued at approximately $106,000. Pinebridge Investments L.P. purchased a new stake in shares of AON during the second quarter valued at approximately $132,000. Shine Investment Advisory Services Inc. boosted its stake in shares of AON by 1,468.2% during the second quarter. Shine Investment Advisory Services Inc. now owns 1,035 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 969 shares during the period. TRUE Private Wealth Advisors purchased a new stake in shares of AON during the third quarter valued at approximately $163,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in shares of AON by 50.0% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,200 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 400 shares during the period. 83.41% of the stock is owned by hedge funds and other institutional investors.

AON Company Profile

Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.

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Analyst Recommendations for AON (NYSE:AON)

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