Aon plc Class A (NYSE:AON) – Stock analysts at Langen Mcalenn lowered their Q2 2018 EPS estimates for shares of Aon plc Class A in a report issued on Tuesday. Langen Mcalenn analyst L. Greenberg now expects that the financial services provider will post earnings of $1.67 per share for the quarter, down from their prior estimate of $1.82. Langen Mcalenn also issued estimates for Aon plc Class A’s Q1 2019 earnings at $3.23 EPS, Q2 2019 earnings at $1.97 EPS, Q3 2019 earnings at $1.54 EPS, Q4 2019 earnings at $2.56 EPS and FY2019 earnings at $9.30 EPS.
Several other research firms also recently weighed in on AON. Zacks Investment Research upgraded Aon plc Class A from a “hold” rating to a “buy” rating and set a $171.00 price objective for the company in a report on Wednesday, October 25th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $154.00 price objective on shares of Aon plc Class A in a report on Monday, October 16th. Barclays lifted their price objective on Aon plc Class A from $135.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, October 16th. Jefferies Group restated a “buy” rating and issued a $162.00 price objective on shares of Aon plc Class A in a report on Friday, October 13th. Finally, Wells Fargo & Co lifted their price objective on Aon plc Class A from $138.00 to $143.00 and gave the company a “market perform” rating in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $144.69.
Aon plc Class A (NYSE:AON) last released its quarterly earnings data on Friday, February 2nd. The financial services provider reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.01. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.84 billion. Aon plc Class A had a return on equity of 32.41% and a net margin of 12.26%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.56 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $1.44 annualized dividend and a yield of 1.03%. Aon plc Class A’s dividend payout ratio (DPR) is presently 30.84%.
In other news, CEO Eric Andersen sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $143.52, for a total transaction of $1,435,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael J. O’connor sold 12,824 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $145.00, for a total value of $1,859,480.00. Following the sale, the chief executive officer now owns 126,629 shares in the company, valued at approximately $18,361,205. The disclosure for this sale can be found here. Insiders sold 48,704 shares of company stock worth $6,924,805 in the last quarter. 0.90% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Valeo Financial Advisors LLC purchased a new stake in shares of Aon plc Class A during the third quarter worth about $105,000. Fieldpoint Private Securities LLC purchased a new stake in shares of Aon plc Class A during the third quarter worth about $121,000. MPS Loria Financial Planners LLC purchased a new stake in shares of Aon plc Class A during the second quarter worth about $139,000. BB&T Investment Services Inc. grew its stake in shares of Aon plc Class A by 71.3% during the third quarter. BB&T Investment Services Inc. now owns 1,038 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 432 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Aon plc Class A by 105.3% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,170 shares of the financial services provider’s stock worth $157,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 88.09% of the company’s stock.
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Aon plc Class A 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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