Aon PLC (AON) Expected to Earn Q1 2019 Earnings of $2.02 Per Share
Aon PLC (NYSE:AON) – Investment analysts at William Blair issued their Q1 2019 earnings per share (EPS) estimates for AON in a report issued on Thursday. William Blair analyst A. Klauber anticipates that the financial services provider will earn $2.02 per share for the quarter. William Blair also issued estimates for AON’s Q2 2019 earnings at $2.08 EPS and Q3 2019 earnings at $1.93 EPS.
A number of other analysts have also issued reports on AON. Keefe, Bruyette & Woods reissued a “buy” rating and set a $158.00 target price on shares of AON in a research note on Wednesday. Deutsche Bank boosted their target price on shares of AON from $113.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, August 9th. Goldman Sachs Group assumed coverage on shares of AON in a research note on Monday. They set a “neutral” rating and a $149.00 target price for the company. ValuEngine downgraded AON from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, BidaskClub downgraded AON from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $145.08.
AON (NYSE:AON) last posted its quarterly earnings data on Friday, October 27th. The financial services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.28 by $0.01. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.29 billion. AON had a net margin of 16.78% and a return on equity of 32.71%. AON’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.29 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were given a $0.36 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $1.44 annualized dividend and a yield of 1.04%. AON’s dividend payout ratio is presently 21.79%.
In other news, CEO John Zern sold 17,680 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $139.79, for a total transaction of $2,471,487.20. Following the completion of the transaction, the chief executive officer now directly owns 27,695 shares in the company, valued at approximately $3,871,484.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael J. O’connor sold 10,000 shares of the 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 transaction, the chief executive officer now owns 123,805 shares of the company’s stock, valued at $17,951,725. The disclosure for this sale can be found here. Insiders have sold a total of 51,680 shares of company stock worth $7,353,887 in the last quarter. Insiders own 0.90% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Bbva Compass Bancshares Inc. increased its position in AON by 5.6% during the second quarter. Bbva Compass Bancshares Inc. now owns 2,339 shares of the financial services provider’s stock worth $311,000 after buying an additional 123 shares during the period. Rothschild Asset Management Inc. purchased a new stake in shares of AON in the second quarter valued at approximately $466,000. Stratos Wealth Partners LTD. boosted its stake in shares of AON by 2.2% in the second quarter. Stratos Wealth Partners LTD. now owns 3,084 shares of the financial services provider’s stock valued at $410,000 after buying an additional 66 shares in the last quarter. Korea Investment CORP boosted its stake in shares of AON by 35.7% in the second quarter. Korea Investment CORP now owns 76,444 shares of the financial services provider’s stock valued at $10,163,000 after buying an additional 20,126 shares in the last quarter. Finally, JLB & Associates Inc. purchased a new stake in shares of AON in the second quarter valued at approximately $6,365,000. Institutional investors and hedge funds own 87.66% of the company’s stock.
AON 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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