Q3 2016 EPS Estimates for Aon PLC (AON) Cut by William Blair
Aon PLC (NYSE:AON) – Equities researchers at William Blair reduced their Q3 2016 earnings estimates for Aon PLC in a research report issued on Monday. William Blair analyst A. Klauber now expects that the firm will post earnings per share of $1.27 for the quarter, down from their prior estimate of $1.29. William Blair also issued estimates for Aon PLC’s FY2016 earnings at $6.56 EPS, Q1 2017 earnings at $1.44 EPS, Q2 2017 earnings at $1.49 EPS, Q3 2017 earnings at $1.61 EPS, Q4 2017 earnings at $2.83 EPS and FY2017 earnings at $7.33 EPS.
Aon PLC (NYSE:AON) last released its quarterly earnings data on Friday, July 29th. The company reported $1.39 EPS for the quarter, hitting the consensus estimate of $1.39. Aon PLC had a net margin of 12.65% and a return on equity of 30.10%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the previous year, the firm earned $1.31 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut Aon PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Langen Mcalenn reissued a “buy” rating on shares of Aon PLC in a report on Tuesday, August 2nd. Credit Suisse Group AG reissued a “sell” rating on shares of Aon PLC in a report on Monday, August 1st. Citigroup Inc. raised their price target on Aon PLC from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday. Finally, BMO Capital Markets reissued a “market perform” rating and set a $115.00 price target (up from $107.00) on shares of Aon PLC in a report on Tuesday, July 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $108.75.
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Aon PLC (NYSE:AON) traded up 1.11% during midday trading on Wednesday, hitting $111.07. 259,589 shares of the company traded hands. The stock has a market cap of $29.50 billion, a P/E ratio of 20.91 and a beta of 1.02. The stock has a 50 day moving average of $111.18 and a 200 day moving average of $108.08. Aon PLC has a 12-month low of $83.83 and a 12-month high of $113.78.
In related news, CEO Stephen P. Mcgill sold 46,698 shares of Aon PLC stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $108.41, for a total transaction of $5,062,530.18. Following the transaction, the chief executive officer now directly owns 252,071 shares of the company’s stock, valued at $27,327,017.11. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AON. Bremer Trust National Association raised its position in Aon PLC by 8.1% in the second quarter. Bremer Trust National Association now owns 3,139 shares of the company’s stock worth $343,000 after buying an additional 234 shares during the last quarter. Private Trust Co. NA raised its position in Aon PLC by 26.8% in the second quarter. Private Trust Co. NA now owns 8,761 shares of the company’s stock worth $956,000 after buying an additional 1,854 shares during the last quarter. Capital Analysts LLC raised its position in Aon PLC by 8.2% in the second quarter. Capital Analysts LLC now owns 3,595 shares of the company’s stock worth $393,000 after buying an additional 272 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Aon PLC by 31.2% in the second quarter. Nisa Investment Advisors LLC now owns 88,098 shares of the company’s stock worth $9,623,000 after buying an additional 20,954 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in Aon PLC by 14.3% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 46,370 shares of the company’s stock worth $5,065,000 after buying an additional 5,800 shares during the last quarter. 84.51% of the stock is currently owned by hedge funds and other 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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