Aon PLC (NYSE:AON) – Stock analysts at Jefferies Group lowered their Q3 2017 earnings per share (EPS) estimates for Aon PLC in a research note issued to 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 estimate 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.
Several other equities research analysts also recently commented on the stock. Citigroup Inc. upped their price target on shares of Aon PLC from $155.00 to $159.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank Of Canada restated a “hold” rating and issued a $143.00 price target on shares of Aon PLC in a research report on Sunday. Wells Fargo & Company restated a “hold” rating on shares of Aon PLC in a research report on Friday, August 4th. BidaskClub downgraded shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research downgraded shares of Aon PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. Aon PLC presently has an average rating of “Hold” and an average price target of $136.17.
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Shares of Aon PLC (NYSE AON) opened at 138.58 on Tuesday. The firm has a 50-day moving average of $136.16 and a 200 day moving average of $124.22. The stock has a market capitalization of $36.32 billion, a PE ratio of 27.38 and a beta of 1.03. Aon PLC has a 1-year low of $107.19 and a 1-year high of $141.45.
Aon PLC (NYSE:AON) last released its earnings results on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. Aon PLC’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.39 EPS.
The firm 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 dividend of $0.36 per share. The ex-dividend date is Friday, July 28th. This represents a $1.44 annualized dividend and a dividend yield of 1.04%. Aon PLC’s dividend payout ratio (DPR) is 20.48%.
In other news, SVP Laurel G. Meissner sold 4,000 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $126.19, for a total transaction of $504,760.00. Following the transaction, the senior vice president now owns 16,314 shares in the company, valued at approximately $2,058,663.66. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Peter M. Lieb sold 2,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $130.40, for a total transaction of $260,800.00. Following the transaction, the executive vice president now owns 20,216 shares in the company, valued at approximately $2,636,166.40. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Longview Partners Guernsey LTD raised its position in shares of Aon PLC by 1.7% in the second quarter. Longview Partners Guernsey LTD now owns 6,700,077 shares of the financial services provider’s stock valued at $890,775,000 after buying an additional 114,690 shares during the period. Mawer Investment Management Ltd. raised its position in shares of Aon PLC by 2.5% in the second quarter. Mawer Investment Management Ltd. now owns 5,131,164 shares of the financial services provider’s stock valued at $682,188,000 after buying an additional 122,803 shares during the period. Boston Partners raised its position in shares of Aon PLC by 1.3% in the second quarter. Boston Partners now owns 3,066,684 shares of the financial services provider’s stock valued at $407,715,000 after buying an additional 39,993 shares during the period. Tesco Pension Investment Ltd raised its position in shares of Aon PLC by 4.2% in the second quarter. Tesco Pension Investment Ltd now owns 1,530,405 shares of the financial services provider’s stock valued at $203,467,000 after buying an additional 61,907 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Aon PLC by 4.5% in the second quarter. Legal & General Group Plc now owns 1,347,737 shares of the financial services provider’s stock valued at $179,183,000 after buying an additional 58,225 shares during the period. Institutional investors own 86.41% of the company’s stock.
About Aon PLC
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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