FY2017 EPS Estimates for Aon PLC (AON) Increased by Analyst
Aon PLC (NYSE:AON) – Equities researchers at Langen Mcalenn upped their FY2017 earnings estimates for shares of Aon PLC in a research note issued on Monday. Langen Mcalenn analyst L. Greenberg now expects that the financial services provider will post earnings of $6.42 per share for the year, up from their previous estimate of $6.35. Langen Mcalenn also issued estimates for Aon PLC’s Q3 2018 earnings at $1.65 EPS and Q4 2018 earnings at $2.77 EPS.
Other analysts have also issued research reports about the company. Citigroup Inc. lifted their price objective on Aon PLC from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Sandler O’Neill reissued a “hold” rating on shares of Aon PLC in a report on Monday. Jefferies Group LLC lifted their price objective on Aon PLC from $162.00 to $170.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Company lifted their price objective on Aon PLC from $138.00 to $143.00 and gave the stock a “market perform” rating in a report on Monday. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $143.00 price objective on shares of Aon PLC in a report on Sunday, August 6th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $144.42.
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Aon PLC (NYSE AON) opened at 143.45 on Tuesday. Aon PLC has a 52 week low of $107.50 and a 52 week high of $152.78. The company has a market capitalization of $36.48 billion, a PE ratio of 20.95 and a beta of 1.04. The company’s 50-day moving average price is $147.07 and its 200 day moving average price is $136.30.
Aon PLC (NYSE:AON) last announced its quarterly earnings data on Friday, October 27th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.01. Aon PLC had a return on equity of 32.71% and a net margin of 16.78%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the business posted $1.29 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis.
A number of hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its stake in Aon PLC by 0.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,125 shares of the financial services provider’s stock valued at $548,000 after buying an additional 15 shares in the last quarter. Ronna Sue Cohen boosted its stake in Aon PLC by 0.3% in the 2nd quarter. Ronna Sue Cohen now owns 6,205 shares of the financial services provider’s stock valued at $825,000 after buying an additional 18 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Aon PLC by 1.1% in the 2nd quarter. Checchi Capital Advisers LLC now owns 2,251 shares of the financial services provider’s stock valued at $299,000 after buying an additional 25 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Aon PLC by 2.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,661 shares of the financial services provider’s stock valued at $216,000 after buying an additional 38 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its stake in Aon PLC by 0.3% in the 2nd quarter. LS Investment Advisors LLC now owns 15,833 shares of the financial services provider’s stock valued at $2,105,000 after buying an additional 40 shares in the last quarter. 84.52% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Michael J. O’connor sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $145.00, for a total value of $1,450,000.00. Following the sale, the chief executive officer now owns 123,805 shares of the company’s stock, valued at approximately $17,951,725. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.90% of the stock is owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, October 31st. Aon PLC’s dividend payout ratio is 21.79%.
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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