AON (NYSE:AON – Get Free Report) issued its quarterly earnings data on Friday. The financial services provider reported $5.66 EPS for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20), Briefing.com reports. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.14 billion. AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $5.17 EPS.
AON Stock Down 6.9 %
AON traded down $20.97 during trading on Friday, hitting $285.03. The company’s stock had a trading volume of 4,566,608 shares, compared to its average volume of 882,672. The firm’s 50 day moving average price is $317.11 and its two-hundred day moving average price is $314.14. AON has a 12 month low of $268.06 and a 12 month high of $347.37. The stock has a market capitalization of $56.58 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86.
AON Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.675 dividend. This is an increase from AON’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.70 annualized dividend and a yield of 0.95%. AON’s payout ratio is presently 19.71%.
Insider Buying and Selling at AON
Analyst Ratings Changes
AON has been the topic of a number of analyst reports. TD Cowen started coverage on AON in a report on Wednesday, January 10th. They set an “outperform” rating and a $390.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on AON from $318.00 to $353.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods raised their target price on AON from $294.00 to $312.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. The Goldman Sachs Group reduced their price objective on AON from $350.00 to $310.00 and set a “neutral” rating for the company in a research report on Tuesday, January 9th. Finally, Morgan Stanley raised their price objective on AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $334.69.
Check Out Our Latest Research Report on AON
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.
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