AON (NYSE:AON) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

AON (NYSE:AON) posted its quarterly earnings data on Friday. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.04, MarketWatch Earnings reports. AON had a net margin of 14.84% and a return on equity of 63.91%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the firm posted $1.87 EPS. The business’s revenue was down 4.2% compared to the same quarter last year.

Shares of AON stock opened at $205.22 on Friday. The firm has a fifty day moving average of $194.84 and a 200-day moving average of $196.09. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.91. AON has a 12-month low of $143.93 and a 12-month high of $238.19. The company has a market capitalization of $48.03 billion, a price-to-earnings ratio of 29.57 and a beta of 0.88.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, July 31st. AON’s dividend payout ratio is 19.19%.

A number of research firms recently weighed in on AON. UBS Group lowered their target price on shares of AON from $202.00 to $197.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. MKM Partners reduced their price target on shares of AON from $260.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Morgan Stanley reduced their price target on shares of AON from $225.00 to $216.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. Cfra reduced their price target on shares of AON from $230.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Finally, Citigroup reduced their price target on shares of AON from $260.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $209.27.

In other news, President Eric Andersen sold 1,500 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $199.13, for a total transaction of $298,695.00. Following the completion of the sale, the president now owns 102,814 shares of the company’s stock, valued at $20,473,351.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carolyn Y. Woo sold 600 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $197.80, for a total transaction of $118,680.00. Following the sale, the director now directly owns 25,687 shares of the company’s stock, valued at approximately $5,080,888.60. The disclosure for this sale can be found here. Insiders have sold 2,850 shares of company stock valued at $560,250 in the last three months. 0.92% of the stock is owned by insiders.

AON Company Profile

Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.

See Also: Cash Asset Ratio

Earnings History for AON (NYSE:AON)

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