AON (AON) Scheduled to Post Earnings on Friday

AON (NYSE:AON) is scheduled to be announcing its earnings results before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $5.82 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, February 2nd. The financial services provider reported $3.89 EPS for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.18). 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 analyst estimates of $3.36 billion. During the same quarter last year, the company posted $3.89 EPS. AON’s revenue was up 7.8% on a year-over-year basis. On average, analysts expect AON to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

AON Stock Performance

Shares of NYSE:AON opened at $308.70 on Friday. AON has a one year low of $284.85 and a one year high of $347.37. The stock has a fifty day moving average of $317.81 and a 200-day moving average of $314.92. The company has a market capitalization of $61.22 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.84 and a beta of 0.86.

AON Increases Dividend

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

Insider Buying and Selling at AON

In related news, Director Lester B. Knight acquired 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, for a total transaction of $15,098,500.00. Following the purchase, the director now directly owns 134,000 shares in the company, valued at $40,463,980. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Christa Davies sold 20,618 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was 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 directly owns 159,570 shares of the company’s stock, valued at approximately $49,690,098. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lester B. Knight acquired 50,000 shares of the stock in a transaction dated Wednesday, February 7th. The stock was acquired at an average cost of $301.97 per share, with a total value of $15,098,500.00. Following the completion of the transaction, the director now owns 134,000 shares in the company, valued at approximately $40,463,980. The disclosure for this purchase can be found here. Insiders have sold 74,532 shares of company stock worth $23,335,805 over the last 90 days. Company insiders own 1.15% of the company’s stock.

Institutional Trading of AON

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Equitable Holdings Inc. boosted its stake in shares of AON by 2.3% in the 1st quarter. Equitable Holdings Inc. now owns 1,447 shares of the financial services provider’s stock worth $456,000 after buying an additional 32 shares during the last quarter. Penserra Capital Management LLC raised its holdings in AON by 3.2% during the 4th quarter. Penserra Capital Management LLC now owns 1,060 shares of the financial services provider’s stock valued at $317,000 after acquiring an additional 33 shares during the period. Exencial Wealth Advisors LLC raised its holdings in AON by 0.6% during the 4th quarter. Exencial Wealth Advisors LLC now owns 6,143 shares of the financial services provider’s stock valued at $1,844,000 after acquiring an additional 37 shares during the period. KB Financial Partners LLC raised its holdings in AON by 2.4% during the 2nd quarter. KB Financial Partners LLC now owns 2,161 shares of the financial services provider’s stock valued at $746,000 after acquiring an additional 50 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its holdings in AON by 0.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 9,167 shares of the financial services provider’s stock valued at $3,165,000 after acquiring an additional 52 shares during the period. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on AON shares. Royal Bank of Canada reduced their target price on shares of AON from $342.00 to $325.00 and set a “sector perform” rating for the company in a research note on Monday, February 5th. UBS Group dropped their target price on shares of AON from $333.00 to $308.00 and set a “neutral” rating on the stock in a report on Monday, February 5th. Piper Sandler raised their price target on AON from $306.00 to $326.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. BMO Capital Markets lowered their target price on AON from $350.00 to $325.00 and set a “market perform” rating on the stock in a report on Friday, December 22nd. Finally, JPMorgan Chase & Co. increased their price objective on AON from $318.00 to $353.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company 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.