Aon PLC (NYSE:AON) to Post Q3 2017 Earnings of $1.24 Per Share, Jefferies Group Forecasts
Aon PLC (NYSE:AON) – Investment analysts at Jefferies Group dropped their Q3 2017 earnings per share estimates for Aon PLC in a research report issued to clients and investors on Sunday. Jefferies Group analyst D. Styblo now forecasts that the financial services provider will post earnings per share of $1.24 for the quarter, down from their prior forecast of $1.29. Jefferies Group has a “Buy” rating and a $162.00 price objective on the stock. Jefferies Group also issued estimates for Aon PLC’s Q4 2017 earnings at $2.33 EPS and FY2017 earnings at $6.44 EPS.
A number of other equities research analysts have also recently commented on the company. Citigroup Inc. increased their target price on Aon PLC from $155.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday. Royal Bank Of Canada reissued a “hold” rating and issued a $143.00 target price on shares of Aon PLC in a research note on Sunday. Wells Fargo & Company reissued a “hold” rating on shares of Aon PLC in a research note on Friday. BidaskClub cut Aon PLC from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research cut Aon PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $136.17.
Aon PLC (AON) opened at 138.77 on Tuesday. Aon PLC has a 12-month low of $107.19 and a 12-month high of $141.30. The stock has a market capitalization of $36.37 billion, a P/E ratio of 27.41 and a beta of 1.03. The firm’s 50-day moving average is $135.80 and its 200-day moving average is $123.89.
Aon PLC (NYSE:AON) last posted its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.45. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.37 billion. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.39 EPS.
Several large investors have recently added to or reduced their stakes in AON. Great Lakes Advisors LLC boosted its stake in Aon PLC by 94.2% in the second quarter. Great Lakes Advisors LLC now owns 5,755 shares of the financial services provider’s stock valued at $765,000 after buying an additional 2,792 shares during the period. Parallel Advisors LLC boosted its stake in Aon PLC by 16.7% in the second quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock valued at $102,000 after buying an additional 106 shares during the period. Iridian Asset Management LLC CT boosted its stake in Aon PLC by 47.1% in the second quarter. Iridian Asset Management LLC CT now owns 5,000 shares of the financial services provider’s stock valued at $665,000 after buying an additional 1,600 shares during the period. Essex Financial Services Inc. acquired a new stake in Aon PLC during the second quarter valued at approximately $497,000. Finally, Hanson McClain Inc. acquired a new stake in Aon PLC during the second quarter valued at approximately $200,000. 86.41% of the stock is currently owned by institutional investors.
In related news, EVP Peter M. Lieb sold 2,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $130.40, for a total transaction of $260,800.00. Following the sale, the executive vice president now directly owns 20,216 shares of the company’s stock, valued at $2,636,166.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Laurel G. Meissner sold 4,000 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $126.19, for a total value of $504,760.00. Following the sale, 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. Company insiders own 0.90% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $1.44 annualized dividend and a dividend yield of 1.04%. Aon PLC’s dividend payout ratio (DPR) is presently 20.48%.
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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