Brokerages expect Aon PLC (NYSE:AON) to report $2.68 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have made 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 in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.7%. The company is expected to issue its next earnings results on Friday, July 26th.
On average, analysts expect that AON will report full year sales of $11.25 billion for the current year, with estimates ranging from $11.09 billion to $11.41 billion. For the next fiscal year, analysts expect that the firm will post sales of $11.91 billion, with estimates ranging from $11.69 billion to $12.18 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover AON.
AON (NYSE:AON) last released its quarterly earnings results on Friday, April 26th. The financial services provider reported $3.31 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $3.31. AON had a net margin of 11.08% and a return on equity of 46.15%. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.21 billion. During the same period last year, the firm earned $2.97 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis.
A number of equities analysts have commented on AON shares. Morgan Stanley lifted their price objective on shares of AON from $169.00 to $182.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 15th. Barclays boosted their price objective on shares of AON from $153.00 to $155.00 and gave the company an “equal weight” rating in a research report on Monday, April 1st. ValuEngine upgraded shares of AON from a “hold” rating to a “buy” rating in a report on Friday, March 15th. Wells Fargo & Co reiterated a “hold” rating on shares of AON in a research note on Friday, April 5th. Finally, William Blair reiterated a “market perform” rating on shares of AON in a research note on Friday, February 1st. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. AON presently has a consensus rating of “Hold” and an average price target of $175.80.
In other news, General Counsel Peter M. Lieb sold 5,200 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $178.39, for a total transaction of $927,628.00. Following the completion of the transaction, the general counsel now owns 16,446 shares of the company’s stock, valued at approximately $2,933,801.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Eric Andersen sold 7,500 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.50, for a total transaction of $1,338,750.00. Following the transaction, the insider now directly owns 80,941 shares of the company’s stock, valued at approximately $14,447,968.50. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC raised its position in shares of AON by 1.9% during the 4th quarter. Nuveen Asset Management LLC now owns 6,731 shares of the financial services provider’s stock valued at $978,000 after acquiring an additional 125 shares in the last quarter. Ronna Sue Cohen boosted its stake in AON by 17,002.4% during the first quarter. Ronna Sue Cohen now owns 831,346 shares of the financial services provider’s stock valued at $831,000 after buying an additional 826,485 shares in the last quarter. Resources Investment Advisors Inc. bought a new position in AON during the fourth quarter valued at about $78,000. NumerixS Investment Technologies Inc bought a new position in AON during the fourth quarter valued at about $1,180,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of AON by 11.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,425 shares of the financial services provider’s stock valued at $934,000 after purchasing an additional 681 shares during the period. Hedge funds and other institutional investors own 84.59% of the company’s stock.
NYSE AON traded down $0.46 on Friday, reaching $177.79. The company had a trading volume of 851,038 shares, compared to its average volume of 838,854. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.09 and a current ratio of 2.09. The company has a market cap of $42.85 billion, a P/E ratio of 21.79, a P/E/G ratio of 1.75 and a beta of 0.94. AON has a 12 month low of $134.82 and a 12 month high of $182.60.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.44 per share. This is a positive change from AON’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Tuesday, April 30th. AON’s payout ratio is presently 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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