AON (NYSE:AON) Announces Quarterly Earnings Results

AON (NYSE:AONGet Free Report) announced its quarterly earnings results on Friday. The financial services provider reported $3.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.07 by ($0.18), MarketWatch Earnings reports. AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The company had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.36 billion. During the same quarter in the prior year, the firm earned $3.89 EPS. AON’s quarterly revenue was up 7.8% compared to the same quarter last year.

AON Stock Down 2.5 %

AON opened at $292.40 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.41 and a debt-to-equity ratio of 61.66. AON has a 1-year low of $280.89 and a 1-year high of $347.37. The company has a market capitalization of $58.54 billion, a PE ratio of 23.43, a PEG ratio of 1.99 and a beta of 0.86. The firm’s 50 day simple moving average is $305.70 and its two-hundred day simple moving average is $319.64.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a dividend of $0.615 per share. The ex-dividend date is Wednesday, January 31st. This represents a $2.46 dividend on an annualized basis and a yield of 0.84%. AON’s dividend payout ratio (DPR) is 19.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AON shares. Morgan Stanley upped their price objective on shares of AON from $340.00 to $357.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 11th. BMO Capital Markets cut their price objective on shares of AON from $350.00 to $325.00 and set a “market perform” rating on the stock in a report on Friday, December 22nd. Wells Fargo & Company cut their price objective on shares of AON from $304.00 to $295.00 and set an “underweight” rating on the stock in a report on Thursday, December 21st. The Goldman Sachs Group cut their price target on shares of AON from $350.00 to $310.00 and set a “neutral” rating on the stock in a report on Tuesday, January 9th. Finally, TD Cowen assumed coverage on shares of AON in a report on Wednesday, January 10th. They set an “outperform” rating and a $390.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, AON presently has an average rating of “Hold” and an average target price of $338.31.

Get Our Latest Research Report on AON

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Milestone Investment Advisors LLC purchased a new position in shares of AON in the 1st quarter worth $30,000. Quarry LP bought a new stake in shares of AON in the 1st quarter worth about $31,000. First Capital Advisors Group LLC. bought a new stake in shares of AON in the 2nd quarter worth about $56,000. Money Concepts Capital Corp lifted its holdings in shares of AON by 517.6% in the 4th quarter. Money Concepts Capital Corp now owns 210 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 176 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of AON in the 4th quarter worth about $71,000. 86.45% of the stock is currently owned by institutional investors.

About AON

(Get Free Report)

Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health 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.

Further Reading

Earnings History for AON (NYSE:AON)

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