Q3 2016 EPS Estimates for Aon PLC Lowered by Analyst (AON)
Aon PLC (NYSE:AON) – Equities researchers at William Blair reduced their Q3 2016 earnings estimates for Aon PLC in a research report issued on Monday. William Blair analyst A. Klauber now expects that the brokerage will post earnings of $1.27 per share for the quarter, down from their prior estimate of $1.29. William Blair also issued estimates for Aon PLC’s FY2016 earnings at $6.56 EPS, Q1 2017 earnings at $1.44 EPS, Q2 2017 earnings at $1.49 EPS, Q3 2017 earnings at $1.61 EPS, Q4 2017 earnings at $2.83 EPS and FY2017 earnings at $7.33 EPS.
Aon PLC (NYSE:AON) last announced its quarterly earnings data on Friday, July 29th. The company reported $1.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.39. The firm earned $2.80 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Aon PLC had a return on equity of 30.10% and a net margin of 12.65%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.31 EPS.
AON has been the subject of a number of other reports. Barclays PLC decreased their price objective on shares of Aon PLC from $104.00 to $99.00 and set an “equal weight” rating for the company in a report on Friday, September 30th. Zacks Investment Research upgraded shares of Aon PLC from a “sell” rating to a “hold” rating in a report on Monday, September 26th. Citigroup Inc. boosted their price objective on shares of Aon PLC from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday. Credit Suisse Group AG set a $90.00 target price on shares of Aon PLC and gave the company a “sell” rating in a research note on Monday, September 12th. Finally, Jefferies Group boosted their target price on shares of Aon PLC from $120.00 to $123.00 and gave the company a “buy” rating in a research note on Monday, August 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $108.75.
Aon PLC (NYSE:AON) opened at 110.70 on Wednesday. The firm has a market capitalization of $29.40 billion, a PE ratio of 20.84 and a beta of 1.02. Aon PLC has a one year low of $83.83 and a one year high of $113.78. The firm has a 50-day moving average price of $111.21 and a 200 day moving average price of $108.10.
Hedge funds and other institutional investors have recently modified their holdings of the company. Genesee Valley Trust Co. increased its position in shares of Aon PLC by 45.4% in the third quarter. Genesee Valley Trust Co. now owns 6,107 shares of the company’s stock valued at $687,000 after buying an additional 1,908 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Aon PLC by 4.3% in the third quarter. Nisa Investment Advisors LLC now owns 91,924 shares of the company’s stock valued at $10,341,000 after buying an additional 3,826 shares in the last quarter. CHICAGO TRUST Co NA purchased a new position in shares of Aon PLC during the third quarter valued at $404,000. Capstone Asset Management Co. increased its position in shares of Aon PLC by 1.6% in the third quarter. Capstone Asset Management Co. now owns 25,477 shares of the company’s stock valued at $2,866,000 after buying an additional 405 shares in the last quarter. Finally, Atria Investments LLC purchased a new position in shares of Aon PLC during the third quarter valued at $637,000. 84.51% of the stock is owned by institutional investors.
In related news, CEO Stephen P. Mcgill sold 46,698 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $108.41, for a total value of $5,062,530.18. Following the completion of the transaction, the chief executive officer now owns 252,071 shares of the company’s stock, valued at approximately $27,327,017.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by insiders.
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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