AON (AON) Set to Announce Quarterly Earnings on Friday

AON (NYSE:AON) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $5.82 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share for the quarter, missing the consensus estimate of $4.07 by ($0.18). AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.36 billion. During the same quarter in the previous year, the firm posted $3.89 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts expect AON to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

AON Stock Down 1.0 %

Shares of NYSE:AON opened at $308.83 on Thursday. The business has a 50-day moving average price of $317.78 and a 200-day moving average price of $314.49. The stock has a market cap of $61.31 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 1.88 and a beta of 0.86. AON has a 52-week low of $284.85 and a 52-week high of $347.37.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.87%. This is a positive change from AON’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Tuesday, April 30th. AON’s dividend payout ratio is presently 19.71%.

Insider Transactions at AON

In other news, insider Lisa Stevens sold 13,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $315.26, for a total transaction of $4,098,380.00. Following the transaction, the insider now owns 10,073 shares of the company’s stock, valued at approximately $3,175,613.98. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Lisa Stevens sold 13,000 shares of the stock in a transaction 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 transaction, the insider now directly owns 10,073 shares in the company, valued at approximately $3,175,613.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael Neller sold 750 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $312.00, for a total transaction of $234,000.00. Following the completion of the sale, the insider now owns 3,869 shares in the company, valued at $1,207,128. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,532 shares of company stock valued at $23,335,805. Corporate insiders own 1.15% of the company’s stock.

Wall Street Analyst Weigh In

AON has been the subject of several recent research reports. UBS Group reduced their price target on AON from $333.00 to $308.00 and set a “neutral” rating for the company in a research report on Monday, February 5th. TD Cowen began coverage on AON in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 price target for the company. Morgan Stanley increased their price target on AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Royal Bank of Canada reduced their target price on AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a research note on Monday, February 5th. Finally, Keefe, Bruyette & Woods increased their target price on AON from $294.00 to $312.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, AON has an average rating of “Hold” and a consensus target price of $334.69.

About AON

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.