Aon PLC (AON) to Post Q3 2017 Earnings of $1.24 Per Share, Jefferies Group Forecasts
Aon PLC (NYSE:AON) – Research analysts at Jefferies Group cut their Q3 2017 earnings per share estimates for Aon PLC in a research report issued to clients and investors on Sunday. Jefferies Group analyst D. Styblo now anticipates that the financial services provider will post earnings per share of $1.24 for the quarter, down from their previous forecast of $1.29. Jefferies Group currently has a “Buy” rating and a $162.00 target price on the stock. Jefferies Group also issued estimates for Aon PLC’s Q4 2017 earnings at $2.33 EPS and FY2017 earnings at $6.44 EPS.
Aon PLC (NYSE:AON) last issued its earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share for the quarter, meeting the consensus estimate of $1.45. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same period in the previous year, the business earned $1.39 EPS. The firm’s revenue was up 3.8% on a year-over-year basis.
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A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Aon PLC from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Aon PLC in a research report on Sunday, April 16th. Credit Suisse Group reaffirmed a “sell” rating and set a $122.00 price target on shares of Aon PLC in a research report on Wednesday, May 10th. BidaskClub lowered shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Finally, Barclays PLC raised their price target on shares of Aon PLC from $115.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $136.17.
Shares of Aon PLC (NYSE AON) opened at 138.77 on Tuesday. Aon PLC has a 12 month low of $107.19 and a 12 month high of $141.30. The stock’s 50 day moving average is $135.80 and its 200 day moving average is $123.89. The firm has a market capitalization of $36.37 billion, a price-to-earnings ratio of 27.41 and a beta of 1.03.
Large investors have recently bought and sold shares of the stock. Parallel Advisors LLC increased its stake in Aon PLC by 16.7% in the second quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock worth $102,000 after buying an additional 106 shares during the last quarter. FNY Partners Fund LP bought a new stake in Aon PLC during the first quarter worth $106,000. Pinnacle Financial Partners Inc. bought a new stake in Aon PLC during the second quarter worth $126,000. Hanson McClain Inc. bought a new stake in Aon PLC during the second quarter worth $200,000. Finally, Mitchell Capital Management Co. bought a new stake in Aon PLC during the second quarter worth $202,000. Institutional investors own 86.41% of the company’s stock.
In other news, SVP Laurel G. Meissner sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $126.19, for a total value of $504,760.00. Following the sale, the senior vice president now directly owns 16,314 shares in the company, valued at approximately $2,058,663.66. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Peter M. Lieb sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $130.40, for a total transaction of $260,800.00. Following the completion of the sale, the executive vice president now owns 20,216 shares in the company, valued at $2,636,166.40. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.04%. Aon PLC’s payout ratio is currently 20.48%.
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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