Equities analysts predict that Aon PLC (NYSE:AON) will announce $2.68 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for AON’s earnings. The highest sales estimate is $2.71 billion and the lowest is $2.63 billion. AON reported sales of $2.56 billion during the same quarter last year, which would indicate a positive year over year growth rate of 4.7%. The company is expected to issue its next earnings results on Friday, July 26th.
According to Zacks, analysts expect that AON will report full-year sales of $11.23 billion for the current financial year, with estimates ranging from $11.09 billion to $11.32 billion. For the next financial year, analysts expect that the firm will report sales of $11.87 billion, with estimates ranging from $11.69 billion to $12.03 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover AON.
AON (NYSE:AON) last announced its quarterly earnings results on Friday, April 26th. The financial services provider reported $3.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.31. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.21 billion. AON had a net margin of 11.08% and a return on equity of 46.15%. AON’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.97 earnings per share.
A number of research analysts have recently commented on the stock. ValuEngine cut shares of AON from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Wells Fargo & Co reissued a “hold” rating on shares of AON in a research report on Friday, April 5th. Barclays boosted their target price on shares of AON from $153.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Monday, April 1st. Morgan Stanley boosted their target price on shares of AON from $169.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 15th. Finally, MKM Partners raised shares of AON from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $155.00 to $200.00 in a research report on Monday, February 4th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. AON presently has an average rating of “Hold” and an average price target of $173.10.
In related news, General Counsel Peter M. Lieb sold 15,068 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $172.77, for a total value of $2,603,298.36. Following the sale, the general counsel now directly owns 17,985 shares of the company’s stock, valued at $3,107,268.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Neller sold 1,250 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $171.66, for a total transaction of $214,575.00. Following the completion of the sale, the insider now directly owns 5,188 shares in the company, valued at $890,572.08. The disclosure for this sale can be found here. Insiders sold 29,018 shares of company stock worth $5,084,251 over the last ninety days. 0.92% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund increased its stake in AON by 14,228.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,840,266 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 3,813,464 shares during the last quarter. Norges Bank bought a new stake in AON during the fourth quarter valued at $176,885,000. BlackRock Inc. increased its stake in AON by 7.8% during the fourth quarter. BlackRock Inc. now owns 15,997,384 shares of the financial services provider’s stock valued at $2,325,380,000 after purchasing an additional 1,162,646 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in AON by 5.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 22,515,572 shares of the financial services provider’s stock valued at $3,272,864,000 after purchasing an additional 1,072,842 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in AON by 12.3% during the first quarter. Lazard Asset Management LLC now owns 9,299,944 shares of the financial services provider’s stock valued at $1,587,498,000 after purchasing an additional 1,017,180 shares during the last quarter. 84.63% of the stock is currently owned by hedge funds and other institutional investors.
AON stock traded down $2.01 during midday trading on Friday, reaching $178.53. 733,589 shares of the company’s stock traded hands, compared to its average volume of 1,054,255. The stock has a market cap of $43.42 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 1.75 and a beta of 0.94. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 1.23. AON has a fifty-two week low of $134.82 and a fifty-two week high of $182.60.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a $0.44 dividend. The ex-dividend date was Tuesday, April 30th. This is a boost from AON’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a yield of 0.99%. AON’s dividend payout ratio is currently 21.57%.
Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.
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