AON (AON) Scheduled to Post Earnings on Friday

AON (NYSE:AON) is set to release its earnings data before the market opens on Friday, April 26th. Analysts expect AON to post earnings of $5.82 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, February 2nd. The financial services provider reported $3.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.18). The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.36 billion. AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.89 earnings per share. On average, analysts expect AON to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

AON Trading Up 1.3 %

AON opened at $308.70 on Friday. The firm has a market capitalization of $61.22 billion, a PE ratio of 24.74, a PEG ratio of 1.84 and a beta of 0.86. AON has a twelve month low of $284.85 and a twelve month high of $347.37. The firm’s 50-day moving average price is $317.81 and its 200 day moving average price is $314.92.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.675 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This is a positive change from AON’s previous quarterly dividend of $0.62. This represents a $2.70 dividend on an annualized basis and a yield of 0.87%. AON’s payout ratio is presently 19.71%.

Insider Activity at AON

In related news, CFO Christa Davies sold 20,618 shares of AON stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $311.40, for a total value of $6,420,445.20. Following the completion of the transaction, the chief financial officer now owns 159,570 shares in the company, valued at $49,690,098. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other AON news, CFO Christa Davies sold 20,618 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $311.40, for a total transaction of $6,420,445.20. Following the completion of the transaction, the chief financial officer now owns 159,570 shares in the company, valued at approximately $49,690,098. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lester B. Knight purchased 50,000 shares of the stock in a transaction on Wednesday, February 7th. The shares were purchased at an average price of $301.97 per share, with a total value of $15,098,500.00. Following the acquisition, the director now directly owns 134,000 shares in the company, valued at $40,463,980. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 74,532 shares of company stock worth $23,335,805. Corporate insiders own 1.15% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AON. Moneta Group Investment Advisors LLC raised its position in AON by 106,777.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,817,279 shares of the financial services provider’s stock valued at $845,578,000 after purchasing an additional 2,814,643 shares during the last quarter. Morgan Stanley raised its position in AON by 38.7% in the 4th quarter. Morgan Stanley now owns 2,223,478 shares of the financial services provider’s stock valued at $667,355,000 after purchasing an additional 620,067 shares during the last quarter. Legal & General Group Plc raised its position in AON by 24.5% in the 4th quarter. Legal & General Group Plc now owns 1,736,479 shares of the financial services provider’s stock valued at $505,350,000 after purchasing an additional 342,092 shares during the last quarter. Goldman Sachs Group Inc. raised its position in AON by 26.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,228,296 shares of the financial services provider’s stock valued at $424,008,000 after purchasing an additional 256,672 shares during the last quarter. Finally, Norges Bank purchased a new stake in AON in the 4th quarter valued at $341,922,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price target on shares of AON from $294.00 to $312.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. TD Cowen initiated coverage on shares of AON in a research note on Wednesday, January 10th. They set an “outperform” rating and a $390.00 target price on the stock. Piper Sandler lifted their target price on shares of AON from $306.00 to $326.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. lifted their target price on shares of AON from $318.00 to $353.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Finally, BMO Capital Markets reduced their target price on shares of AON from $350.00 to $325.00 and set a “market perform” rating on the stock in a research note on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, AON currently has a consensus rating of “Hold” and a consensus price target of $334.69.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions 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.