Aon plc Class A (NYSE:AON) – Research analysts at William Blair reduced their Q1 2018 earnings per share (EPS) estimates for shares of Aon plc Class A in a report released on Wednesday, April 4th. William Blair analyst A. Klauber now forecasts that the financial services provider will post earnings per share of $2.74 for the quarter, down from their prior estimate of $2.75. William Blair currently has a “Market Perform” rating on the stock.
Aon plc Class A (NYSE:AON) last announced its quarterly earnings results on Friday, February 2nd. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.34 by $0.01. Aon plc Class A had a return on equity of 32.41% and a net margin of 12.26%. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the business posted $2.56 EPS. The business’s revenue was up 9.8% compared to the same quarter last year.
A number of other brokerages also recently issued reports on AON. Zacks Investment Research upgraded Aon plc Class A from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. Wells Fargo reiterated a “hold” rating and issued a $143.00 price target on shares of Aon plc Class A in a report on Friday, February 2nd. Goldman Sachs upgraded Aon plc Class A from a “neutral” rating to a “buy” rating and lifted their price target for the company from $144.22 to $149.00 in a report on Thursday, March 15th. Citigroup lifted their price target on Aon plc Class A from $162.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, Barclays reiterated an “equal weight” rating and issued a $138.00 price target (up from $135.00) on shares of Aon plc Class A in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $147.08.
Shares of NYSE:AON opened at $139.01 on Monday. Aon plc Class A has a 12-month low of $118.10 and a 12-month high of $152.78. The firm has a market capitalization of $34,022.14, a PE ratio of 21.32, a P/E/G ratio of 1.42 and a beta of 1.03. The company has a current ratio of 1.66, a quick ratio of 1.67 and a debt-to-equity ratio of 1.22.
In related news, CEO Michael J. O’connor sold 12,824 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $145.00, for a total transaction of $1,859,480.00. Following the transaction, the chief executive officer now directly owns 126,629 shares in the company, valued at approximately $18,361,205. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lester B. Knight bought 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were acquired at an average price of $138.42 per share, for a total transaction of $8,305,200.00. Following the completion of the purchase, the director now owns 2,908 shares in the company, valued at $402,525.36. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 123,477 shares of company stock worth $17,453,753. 0.90% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in AON. JPMorgan Chase & Co. grew its stake in Aon plc Class A by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 294,927 shares of the financial services provider’s stock worth $43,339,000 after buying an additional 29,118 shares during the last quarter. Stifel Financial Corp grew its stake in Aon plc Class A by 22.4% during the 3rd quarter. Stifel Financial Corp now owns 3,067 shares of the financial services provider’s stock worth $448,000 after buying an additional 562 shares during the last quarter. Engineers Gate Manager LP grew its stake in Aon plc Class A by 35.5% during the 3rd quarter. Engineers Gate Manager LP now owns 8,986 shares of the financial services provider’s stock valued at $1,313,000 after purchasing an additional 2,352 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Aon plc Class A by 2.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 25,460 shares of the financial services provider’s stock valued at $3,735,000 after purchasing an additional 500 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in Aon plc Class A by 0.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 59,024 shares of the financial services provider’s stock valued at $8,623,000 after purchasing an additional 542 shares during the last quarter. Hedge funds and other institutional investors own 87.30% of the company’s stock.
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About Aon plc Class A
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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