Equities Analysts Offer Predictions for Aon PLC’s Q4 2017 Earnings (AON)
Aon PLC (NYSE:AON) – Langen Mcalenn raised their Q4 2017 earnings per share estimates for Aon PLC in a report released on Monday. Langen Mcalenn analyst L. Greenberg now expects that the financial services provider will post earnings of $2.25 per share for the quarter, up from their prior estimate of $2.22. Langen Mcalenn also issued estimates for Aon PLC’s Q1 2018 earnings at $1.77 EPS and Q2 2018 earnings at $1.82 EPS.
Aon PLC (NYSE:AON) last issued its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $2.29 billion. During the same period in the previous year, the firm earned $1.29 earnings per share. The company’s revenue was up 6.3% compared to the same quarter last year.
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Other equities research analysts have also recently issued research reports about the company. Citigroup Inc. increased 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. Zacks Investment Research cut Aon PLC from a “buy” rating to a “hold” rating in a report on Tuesday. Royal Bank Of Canada reiterated a “hold” rating and issued a $143.00 price objective on shares of Aon PLC in a report on Sunday, August 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $162.00 price objective (up previously from $146.00) on shares of Aon PLC in a report on Monday, July 24th. Finally, BidaskClub cut Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $144.42.
Shares of Aon PLC (NYSE AON) traded up 0.38% during trading on Wednesday, reaching $143.98. The company’s stock had a trading volume of 284,063 shares. Aon PLC has a 52-week low of $107.50 and a 52-week high of $152.78. The stock has a market cap of $36.62 billion, a price-to-earnings ratio of 21.03 and a beta of 1.04. The stock’s 50 day moving average price is $147.09 and its 200-day moving average price is $136.35.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Tuesday, October 31st. Aon PLC’s payout ratio is presently 21.79%.
In other news, CEO Michael J. O’connor sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 123,805 shares in the company, valued at approximately $17,951,725. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AON. Cambridge Investment Research Advisors Inc. raised its stake in Aon PLC by 0.4% during the second 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 during the last quarter. Ronna Sue Cohen raised its stake in Aon PLC by 0.3% during the second 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 during the last quarter. Checchi Capital Advisers LLC raised its stake in Aon PLC by 1.1% during the second 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 during the last quarter. Quadrant Capital Group LLC raised its stake in Aon PLC by 2.3% during the second 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 during the last quarter. Finally, LS Investment Advisors LLC raised its stake in Aon PLC by 0.3% during the second 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 during the last quarter. Institutional investors own 84.52% of the company’s stock.
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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