Brokers Issue Forecasts for Aon PLC’s Q4 2017 Earnings (AON)
Aon PLC (NYSE:AON) – Equities researchers at Langen Mcalenn lifted their Q4 2017 earnings per share (EPS) estimates for shares of Aon PLC in a research note issued on Monday. Langen Mcalenn analyst L. Greenberg now anticipates that the financial services provider will post earnings per share of $2.25 for the quarter, up from their previous forecast of $2.22. Langen Mcalenn also issued estimates for Aon PLC’s Q1 2018 earnings at $1.77 EPS and Q2 2018 earnings at $1.82 EPS.
Several other analysts have also recently commented on the company. Zacks Investment Research cut Aon PLC from a “buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Company boosted their price target on Aon PLC from $138.00 to $143.00 and gave the stock a “market perform” rating in a research report on Monday. Jefferies Group LLC boosted their price objective on Aon PLC from $162.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday. Sandler O’Neill reissued a “hold” rating on shares of Aon PLC in a research note on Monday. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $154.00 price objective on shares of Aon PLC in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $144.42.
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Aon PLC (NYSE:AON) last posted its earnings results on Friday, October 27th. The financial services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.29 billion. Aon PLC had a return on equity of 32.71% and a net margin of 16.78%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 EPS.
Several institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Aon PLC by 0.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,125 shares of the financial services provider’s stock valued at $548,000 after purchasing an additional 15 shares during the last quarter. Ronna Sue Cohen lifted its stake in shares of Aon PLC by 0.3% in the 2nd quarter. Ronna Sue Cohen now owns 6,205 shares of the financial services provider’s stock valued at $825,000 after purchasing an additional 18 shares during the last quarter. Checchi Capital Advisers LLC lifted its stake in shares of Aon PLC by 1.1% in the 2nd quarter. Checchi Capital Advisers LLC now owns 2,251 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 25 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Aon PLC by 2.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,661 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 38 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its stake in Aon PLC by 0.3% during the 2nd quarter. LS Investment Advisors LLC now owns 15,833 shares of the financial services provider’s stock worth $2,105,000 after acquiring an additional 40 shares in the last quarter. 84.52% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Michael J. O’connor sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $140.28, for a total value of $1,402,800.00. Following the transaction, the chief executive officer now owns 123,805 shares of the company’s stock, valued at approximately $17,367,365.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.90% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, October 31st. Aon PLC’s dividend payout ratio (DPR) is presently 21.79%.
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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