Aon PLC (NYSE:AON) to Post Q3 2017 Earnings of $1.31 Per Share, William Blair Forecasts
Aon PLC (NYSE:AON) – Investment analysts at William Blair boosted their Q3 2017 earnings per share estimates for Aon PLC in a research report issued to clients and investors on Monday. William Blair analyst A. Klauber now forecasts that the financial services provider will post earnings per share of $1.31 for the quarter, up from their prior forecast of $1.29. William Blair also issued estimates for Aon PLC’s FY2017 earnings at $6.53 EPS, Q3 2018 earnings at $1.63 EPS and FY2018 earnings at $8.04 EPS.
Other equities research analysts have also issued reports about the company. Zacks Investment Research raised Aon PLC from a “hold” rating to a “buy” rating and set a $146.00 price target for the company in a research note on Tuesday, May 30th. Jefferies Group LLC reaffirmed a “buy” rating and set a $146.00 target price on shares of Aon PLC in a research report on Friday, June 16th. BidaskClub lowered Aon PLC from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Citigroup Inc. lifted their target price on Aon PLC from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Finally, Barclays PLC lifted their target price on Aon PLC from $115.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, July 3rd. 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 presently has a consensus rating of “Hold” and an average target price of $136.17.
Aon PLC (AON) opened at 138.58 on Wednesday. The company’s 50 day moving average price is $136.16 and its 200-day moving average price is $124.22. Aon PLC has a one year low of $107.19 and a one year high of $141.45. The company has a market cap of $36.32 billion, a P/E ratio of 27.38 and a beta of 1.03.
Aon PLC (NYSE:AON) last announced its earnings results on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, meeting analysts’ consensus estimates of $1.45. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.37 billion. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 earnings per share.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Financial Counselors Inc. raised its position in Aon PLC by 1.6% in the first quarter. Financial Counselors Inc. now owns 3,641 shares of the financial services provider’s stock valued at $432,000 after buying an additional 57 shares during the last quarter. Kings Point Capital Management raised its position 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 last quarter. Cibc World Markets Corp raised its position 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 last quarter. Assetmark Inc. raised its position 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 last quarter. Finally, Karp Capital Management Corp bought a new position in Aon PLC during the first quarter valued at approximately $14,657,000. 86.41% of the stock is owned by hedge funds and other institutional investors.
In other news, SVP Laurel G. Meissner sold 4,000 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $126.19, for a total value of $504,760.00. Following the completion of the transaction, the senior vice president now directly owns 16,314 shares of the company’s stock, valued at approximately $2,058,663.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Peter M. Lieb sold 2,000 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $130.40, for a total value of $260,800.00. Following the completion of the transaction, the executive vice president now directly owns 20,216 shares of the company’s stock, valued at $2,636,166.40. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.
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 given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, July 28th. Aon PLC’s payout ratio is 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.
Receive News & Ratings for Aon PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aon PLC and related companies with MarketBeat.com's FREE daily email newsletter.