AON (NYSE:AON) Posts Earnings Results, Misses Estimates By $0.20 EPS

AON (NYSE:AON) posted its quarterly earnings data on Friday. The financial services provider reported $5.66 EPS for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20), Briefing.com reports. AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the prior year, the business earned $5.17 EPS. AON’s revenue was up 5.1% compared to the same quarter last year.

AON Stock Performance

AON stock opened at $285.03 on Monday. The company has a 50 day moving average price of $317.11 and a 200 day moving average price of $313.97. AON has a 52 week low of $268.06 and a 52 week high of $347.37. The firm has a market capitalization of $56.58 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 1.72 and a beta of 0.86.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.675 dividend. This is a positive change from AON’s previous quarterly dividend of $0.62. The ex-dividend date is Tuesday, April 30th. This represents a $2.70 dividend on an annualized basis and a yield of 0.95%. AON’s dividend payout ratio (DPR) is currently 19.28%.

Insider Buying and Selling

In related news, insider Michael Neller sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $312.00, for a total value of $234,000.00. Following the completion of the transaction, the insider now owns 3,869 shares of the company’s stock, valued at approximately $1,207,128. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other AON news, insider Michael Neller sold 750 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $312.00, for a total value of $234,000.00. Following the completion of the sale, the insider now owns 3,869 shares in the company, valued at approximately $1,207,128. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lisa Stevens sold 13,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $315.26, for a total transaction of $4,098,380.00. Following the completion of the sale, the insider now owns 10,073 shares of the company’s stock, valued at approximately $3,175,613.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,532 shares of company stock valued at $23,335,805. Company insiders own 1.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on AON. TD Cowen began coverage on shares of AON in a research note on Wednesday, January 10th. They set an “outperform” rating and a $390.00 price objective on the stock. Royal Bank of Canada lowered their price objective on shares of AON from $342.00 to $325.00 and set a “sector perform” rating on the stock in a research note on Monday, February 5th. Piper Sandler raised their target price on shares of AON from $306.00 to $326.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. UBS Group reduced their target price on shares of AON from $333.00 to $308.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of AON from $318.00 to $353.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $334.69.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.