MKM Partners Downgrades Aon plc Class A Ordinary Shares (UK) to Neutral

Brokerage firm MKM Partners Downgrades its rating on Aon plc Class A Ordinary Shares (UK)(NYSE:AON). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by MKM Partners was issued on Aug 9, 2016.

In a different note, On Aug 1, 2016, Deutsche Bank said it Maintains its rating on Aon plc Class A Ordinary Shares (UK). In the research note, the firm Raises the price-target to $104.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 1, 2016, Morgan Stanley said it Maintains its rating on Aon plc Class A Ordinary Shares (UK). In the research note, the firm Raises the price-target to $100.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Aug 1, 2016, Jefferies said it Maintains its rating on Aon plc Class A Ordinary Shares (UK). In the research note, the firm Raises the price-target to $120.00 per share. The shares have been rated ‘Buy’ by the firm.

Aon plc Class A Ordinary Shares (UK) (AON) made into the market gainers list on Wednesdays trading session with the shares advancing 0.27% or 0.3 points. Due to strong positive momentum, the stock ended at $109.47, which is also near the day’s high of $109.56. The stock began the session at $109.21 and the volume stood at 7,57,528 shares. The 52-week high of the shares is $111.6 and the 52 week low is $83.83. The company has a current market capitalization of $29,075 M and it has 26,56,00,000 shares in outstanding.

Aon plc Class A Ordinary Shares (UK)(AON) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.77B. Analysts had an estimated revenue of $2.86B. Earnings per share were $1.39. Analysts had estimated an EPS of $1.39.

Several Insider Transactions has been reported to the SEC. On Aug 3, 2016, Stephen P Mcgill (Chairman/CEO – ARS) sold 46,698 shares at $108.41 per share price.Also, On Mar 23, 2016, Peter M Lieb (EVP & General Counsel) sold 25,000 shares at $101.24 per share price.On Feb 26, 2016, Laurel G. Meissner (SVP & Global Controller) sold 10,000 shares at $93.08 per share price, according to the Form-4 filing with the securities and exchange commission.

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