Q2 2022 EPS Estimates for Aon plc (NYSE:AON) Lowered by Jefferies Financial Group

Aon plc (NYSE:AONGet Rating) – Investment analysts at Jefferies Financial Group cut their Q2 2022 earnings per share (EPS) estimates for shares of AON in a report issued on Monday, May 2nd. Jefferies Financial Group analyst Y. Kinar now expects that the financial services provider will post earnings of $2.58 per share for the quarter, down from their prior estimate of $2.61. Jefferies Financial Group also issued estimates for AON’s Q3 2022 earnings at $2.04 EPS and Q4 2022 earnings at $3.70 EPS.

Several other equities analysts have also commented on the company. Zacks Investment Research upgraded AON from a “hold” rating to a “buy” rating and set a $350.00 price objective on the stock in a research report on Monday, April 11th. Evercore ISI lowered AON from an “in-line” rating to an “underperform” rating and increased their price objective for the company from $288.00 to $292.00 in a research report on Thursday, January 6th. StockNews.com started coverage on AON in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Wells Fargo & Company reduced their price objective on AON from $321.00 to $310.00 in a research report on Monday. Finally, Piper Sandler reduced their price target on AON from $325.00 to $295.00 and set a “neutral” rating on the stock in a research report on Monday, January 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $310.90.

Shares of AON stock opened at $284.55 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.17 and a debt-to-equity ratio of 7.50. The firm has a market capitalization of $62.69 billion, a PE ratio of 45.17 and a beta of 0.94. The business’s 50-day moving average price is $312.80 and its 200-day moving average price is $299.44. AON has a 12 month low of $223.19 and a 12 month high of $341.98.

AON (NYSE:AONGet Rating) last announced its earnings results on Friday, April 29th. The financial services provider reported $4.83 earnings per share for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.72 billion. AON had a return on equity of 119.46% and a net margin of 11.06%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.28 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 13th. Shareholders of record on Monday, May 2nd will be issued a $0.56 dividend. The ex-dividend date of this dividend is Friday, April 29th. This represents a $2.24 annualized dividend and a yield of 0.79%. This is a boost from AON’s previous quarterly dividend of $0.51. AON’s dividend payout ratio (DPR) is 35.56%.

AON declared that its Board of Directors has initiated a share buyback plan on Friday, February 18th that authorizes the company to buyback $7.50 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 11.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

In other news, CFO Christa Davies sold 32,942 shares of the firm’s stock in a transaction that occurred on Friday, February 18th. The stock was sold at an average price of $282.51, for a total value of $9,306,444.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Darren Zeidel sold 82 shares of the firm’s stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $308.31, for a total value of $25,281.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,390 shares of company stock valued at $11,982,022. Company insiders own 0.99% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First National Bank of Hutchinson lifted its stake in shares of AON by 3.1% in the 4th quarter. First National Bank of Hutchinson now owns 1,175 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 35 shares during the period. McLean Asset Management Corp raised its stake in AON by 4.4% during the first quarter. McLean Asset Management Corp now owns 847 shares of the financial services provider’s stock valued at $276,000 after buying an additional 36 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in AON by 2.3% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,700 shares of the financial services provider’s stock valued at $511,000 after buying an additional 39 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in AON by 1.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 2,296 shares of the financial services provider’s stock valued at $690,000 after buying an additional 39 shares during the last quarter. Finally, Csenge Advisory Group raised its stake in AON by 1.5% during the fourth quarter. Csenge Advisory Group now owns 2,573 shares of the financial services provider’s stock valued at $614,000 after buying an additional 39 shares during the last quarter. Institutional investors own 85.01% of the company’s stock.

About AON (Get Rating)

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, cyber, and global risk consulting solutions, as well as acts as a captives management; and health solutions, such as health and benefits brokerages, and health care exchanges.

Further Reading

Earnings History and Estimates for AON (NYSE:AON)

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