Q4 2017 Earnings Estimate for Aon PLC Issued By William Blair (NYSE:AON)
Aon PLC (NYSE:AON) – Equities research analysts at William Blair decreased their Q4 2017 EPS estimates for Aon PLC in a research report issued on Monday. William Blair analyst A. Klauber now expects that the financial services provider will earn $2.32 per share for the quarter, down from their prior estimate of $2.33. William Blair also issued estimates for Aon PLC’s Q1 2018 earnings at $1.78 EPS, Q2 2018 earnings at $1.80 EPS and Q4 2018 earnings at $2.85 EPS.
Aon PLC (NYSE:AON) last released its quarterly earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.45. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 earnings per share.
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Several other analysts have also recently weighed in on AON. Zacks Investment Research cut shares of Aon PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Aon PLC in a research note on Sunday, April 16th. Jefferies Group LLC reaffirmed a “buy” rating and set a $146.00 price objective (up from $137.00) on shares of Aon PLC in a research note on Tuesday, May 9th. Credit Suisse Group reaffirmed a “sell” rating and set a $122.00 price objective on shares of Aon PLC in a research note on Wednesday, May 10th. Finally, UBS AG reaffirmed a “neutral” rating and set a $133.00 price objective (up from $125.00) on shares of Aon PLC in a research note on Friday, May 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $136.17.
Shares of Aon PLC (NYSE AON) opened at 138.77 on Tuesday. The company has a market cap of $36.37 billion, a PE ratio of 27.41 and a beta of 1.03. The stock’s 50 day moving average price is $135.80 and its 200-day moving average price is $123.89. Aon PLC has a 12-month low of $107.19 and a 12-month high of $141.30.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be paid 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 currently 20.48%.
In other news, SVP Laurel G. Meissner sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $126.19, for a total transaction of $504,760.00. Following the sale, the senior vice president now directly owns 16,314 shares of the company’s stock, valued at $2,058,663.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter M. Lieb sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were 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 in the company, valued at $2,636,166.40. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in AON. Kings Point Capital Management boosted its stake in Aon PLC by 1.6% in the first quarter. Kings Point Capital Management now owns 33,397 shares of the financial services provider’s stock valued at $3,964,000 after buying an additional 533 shares during the period. Cibc World Markets Corp boosted its stake in Aon PLC by 52.4% in the first quarter. Cibc World Markets Corp now owns 27,441 shares of the financial services provider’s stock valued at $3,257,000 after buying an additional 9,433 shares during the period. Assetmark Inc. boosted its stake in Aon PLC by 191.4% in the first quarter. Assetmark Inc. now owns 2,305 shares of the financial services provider’s stock valued at $274,000 after buying an additional 1,514 shares during the period. Karp Capital Management Corp bought a new stake in Aon PLC during the first quarter valued at approximately $14,657,000. Finally, BNP Paribas Arbitrage SA boosted its stake in Aon PLC by 264.3% in the first quarter. BNP Paribas Arbitrage SA now owns 235,771 shares of the financial services provider’s stock valued at $27,984,000 after buying an additional 171,051 shares during the period. 86.41% of the stock is currently owned by institutional investors and hedge funds.
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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