Jefferies Believes Aon Plc (NYSE: AON) Still Has Room to Grow

By Ryan Adsit

Jefferies analyst David Windley reiterated a Buy rating on Aon Plc (NYSE: AON) yesterday and set a price target of $146. The company’s shares closed yesterday at $136.46, close to its 52-week high of $136.49.

According to TipRanks.com, Windley is a top 25 analyst with an average return of 18.8% and a 80.3% success rate. Windley covers the Healthcare sector, focusing on stocks such as Quintiles Transnational, WellCare Health Plans, and PRA Health Sciences.

Currently, the analyst consensus on Aon Plc is Hold and the average price target is $133.60, representing a -2.1% downside.

In a report issued on June 7, KBW also reiterated a Buy rating on the stock with a $143 price target.

Aon Plc’s market cap is currently $35.86B and has a P/E ratio of 26.70. The company has a book value ratio of 6.2325.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2017, Peter Lieb, the EVP & GC of AON sold 18,017 shares for a total of $2,091,954.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Aon Plc provides insurance brokerage, risk management and human capital consulting services. The company operates through two segments: Risk Solutions and HR Solutions. The Risk Solutions segment acts as an advisor and insurance and reinsurance broker, helping clients manage their risks via consultation, as well as negotiation and placement of insurance risk with insurance carriers through its global distribution network. The HR Solutions segment partners with organizations to solve their most complex benefits, talent and related financial challenges, and improve business performance by designing, implementing, communicating and administering a wide range of human capital, retirement, investment management, health care, compensation and talent management strategies. The company’s clients include corporations and businesses, insurance companies, professional organizations, independent agents and brokers, governments, and other entities. It also serves individuals through personal lines, affinity groups, and certain specialty operations. The company’s products and services are divided into two transactional product lines: retail brokerage and reinsurance brokerage. The retail brokerage product line encompasses retail brokerage services, affinity products, managing general underwriting, placement, and captive management services; and reinsurance brokerage product line offers sophisticated advisory services in program design and claim recoveries that enhance the risk/return characteristics of insurance policy portfolios, improve capital utilization, and evaluate and mitigate catastrophic loss exposures worldwide. Aon was founded in 1979 and is headquartered in London, the United Kingdom.