Equities analysts expect Aon (NYSE:AON) to announce $2.49 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for AON’s earnings, with the lowest sales estimate coming in at $2.39 billion and the highest estimate coming in at $2.56 billion. AON posted sales of $2.37 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The business is expected to issue its next earnings report on Friday, May 4th.
On average, analysts expect that AON will report full year sales of $10.74 billion for the current financial year, with estimates ranging from $10.38 billion to $10.93 billion. For the next fiscal year, analysts forecast that the company will post sales of $11.25 billion per share, with estimates ranging from $10.75 billion to $11.57 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for AON.
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AON (NYSE:AON) last released its earnings results on Friday, May 4th. The financial services provider reported $2.96 EPS for the quarter, topping the consensus estimate of $2.81 by $0.15. AON had a return on equity of 32.41% and a net margin of 12.26%. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The firm’s revenue was up 29.8% on a year-over-year basis.
Several research firms recently commented on AON. ValuEngine cut AON from a “buy” rating to a “hold” rating in a research note on Friday. Wells Fargo set a $143.00 target price on AON and gave the stock a “hold” rating in a research note on Friday. Citigroup decreased their target price on AON from $166.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, April 10th. Barclays reaffirmed a “hold” rating and set a $135.00 target price on shares of AON in a research note on Tuesday, January 9th. Finally, Zacks Investment Research raised AON from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $146.58.
In other news, General Counsel Peter M. Lieb sold 1,611 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $141.24, for a total value of $227,537.64. Following the transaction, the general counsel now owns 32,144 shares in the company, valued at $4,540,018.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael J. O’connor sold 1,411 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $140.23, for a total value of $197,864.53. Following the completion of the transaction, the chief executive officer now owns 133,515 shares in the company, valued at approximately $18,722,808.45. The disclosure for this sale can be found here. Insiders sold 106,453 shares of company stock valued at $15,000,435 in the last three months. Insiders own 0.90% of the company’s stock.
Several hedge funds have recently bought and sold shares of AON. Massachusetts Financial Services Co. MA lifted its holdings in shares of AON by 13.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 19,814,377 shares of the financial services provider’s stock valued at $2,780,551,000 after purchasing an additional 2,387,473 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of AON by 69.0% in the first quarter. Wells Fargo & Company MN now owns 1,255,481 shares of the financial services provider’s stock valued at $176,182,000 after purchasing an additional 512,417 shares in the last quarter. PGGM Investments lifted its holdings in shares of AON by 33.3% in the fourth quarter. PGGM Investments now owns 506,500 shares of the financial services provider’s stock valued at $67,871,000 after purchasing an additional 126,635 shares in the last quarter. YCG LLC lifted its holdings in shares of AON by 59.8% in the first quarter. YCG LLC now owns 215,149 shares of the financial services provider’s stock valued at $30,056,000 after purchasing an additional 80,506 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of AON by 2.0% in the first quarter. Boston Partners now owns 2,553,512 shares of the financial services provider’s stock valued at $358,334,000 after purchasing an additional 51,135 shares in the last quarter. Institutional investors own 87.05% of the company’s stock.
NYSE AON traded down $0.51 during trading hours on Tuesday, hitting $139.49. 1,124,173 shares of the company’s stock were exchanged, compared to its average volume of 846,398. AON has a 1-year low of $121.39 and a 1-year high of $152.78. The stock has a market capitalization of $34,157.61, a P/E ratio of 21.39, a P/E/G ratio of 1.43 and a beta of 1.04. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.66 and a quick ratio of 1.67.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Monday, April 30th. This is a boost from AON’s previous quarterly dividend of $0.36. AON’s dividend payout ratio (DPR) is 24.54%.
AON Company Profile
Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.
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