Aon PLC (NYSE:AON) – Investment analysts at Langen Mcalenn lowered their Q4 2017 earnings estimates for Aon PLC in a research note issued on Friday. Langen Mcalenn analyst L. Greenberg now forecasts that the financial services provider will post earnings per share of $2.22 for the quarter, down from their prior estimate of $2.34. Langen Mcalenn also issued estimates for Aon PLC’s Q1 2018 earnings at $1.79 EPS, Q2 2018 earnings at $1.84 EPS, Q3 2018 earnings at $1.61 EPS and Q4 2018 earnings at $2.79 EPS.
Aon PLC (NYSE:AON) last announced its quarterly earnings results on Friday, October 27th. The financial services provider reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.01. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.29 billion. Aon PLC had a net margin of 16.78% and a return on equity of 32.71%. Aon PLC’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $1.29 EPS. TRADEMARK VIOLATION NOTICE: “Aon PLC to Post Q4 2017 Earnings of $2.22 Per Share, Langen Mcalenn Forecasts (AON)” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://www.com-unik.info/2017/10/31/aon-plc-to-post-q4-2017-earnings-of-2-22-per-share-langen-mcalenn-forecasts-aon.html.
AON has been the topic of several other research reports. Morgan Stanley reiterated an “equal weight” rating and issued a $138.00 price objective (up previously from $130.00) on shares of Aon PLC in a research note on Thursday, July 6th. ValuEngine lowered shares of Aon PLC from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub lowered shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Barclays PLC upped their price objective on shares of Aon PLC from $135.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, October 16th. Finally, Sandler O’Neill reiterated a “hold” rating on shares of Aon PLC in a research note on Monday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $144.42.
Shares of Aon PLC (AON) traded up 0.41% during trading on Monday, hitting $143.67. 322,617 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $147.07 and its 200 day moving average is $136.30. The firm has a market capitalization of $36.54 billion, a PE ratio of 20.99 and a beta of 1.04. Aon PLC has a 1-year low of $107.50 and a 1-year high of $152.78.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Tuesday, October 31st. Aon PLC’s dividend payout ratio is currently 21.79%.
In related news, CEO Michael J. O’connor sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $145.00, for a total transaction of $1,450,000.00. Following the completion of the sale, the chief executive officer now directly owns 123,805 shares of the company’s stock, valued at approximately $17,951,725. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.90% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. OMERS ADMINISTRATION Corp bought a new stake in shares of Aon PLC during the 2nd quarter worth $1,600,000. Swiss National Bank boosted its holdings in shares of Aon PLC by 2.8% during the 2nd quarter. Swiss National Bank now owns 990,371 shares of the financial services provider’s stock worth $131,670,000 after buying an additional 27,000 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of Aon PLC by 16.1% during the 2nd quarter. New York State Common Retirement Fund now owns 1,143,276 shares of the financial services provider’s stock worth $151,999,000 after buying an additional 158,175 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Aon PLC by 15.7% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 61,013 shares of the financial services provider’s stock worth $8,112,000 after buying an additional 8,289 shares during the period. Finally, Aberdeen Asset Management PLC UK boosted its holdings in shares of Aon PLC by 0.4% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 216,777 shares of the financial services provider’s stock worth $28,821,000 after buying an additional 804 shares during the period. 84.52% of the stock is owned by institutional investors and hedge funds.
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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