AON (NYSE:AON) Issues Quarterly Earnings Results

AON (NYSE:AON) announced its quarterly earnings data on Friday. The financial services provider reported $5.66 EPS for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20), Briefing.com reports. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.14 billion. AON had a negative return on equity of 1,150.40% and a net margin of 19.17%. AON’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.17 EPS.

AON Price Performance

Shares of AON stock traded down $20.97 during trading hours on Friday, reaching $285.03. 4,566,608 shares of the company were exchanged, compared to its average volume of 882,672. The company has a market cap of $56.58 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 1.85 and a beta of 0.86. The stock’s fifty day moving average is $317.11 and its two-hundred day moving average is $314.14. AON has a fifty-two week low of $268.06 and a fifty-two week high of $347.37.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.675 dividend. The ex-dividend date is Tuesday, April 30th. This is an increase from AON’s previous quarterly dividend of $0.62. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.95%. AON’s payout ratio is currently 19.71%.

Insider Buying and Selling

In other news, insider Michael Neller sold 750 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $312.00, for a total transaction of $234,000.00. Following the transaction, the insider now owns 3,869 shares of the company’s stock, valued at $1,207,128. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Michael Neller sold 750 shares of AON stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $312.00, for a total transaction of $234,000.00. Following the completion of the sale, the insider now owns 3,869 shares in the company, valued at approximately $1,207,128. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Christa Davies sold 20,618 shares of the 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 $49,690,098. The disclosure for this sale can be found here. Insiders sold 74,532 shares of company stock worth $23,335,805 in the last quarter. Insiders own 1.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AON shares. JPMorgan Chase & Co. increased their price objective on shares of AON from $318.00 to $353.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Piper Sandler raised their price target 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. The Goldman Sachs Group lowered their price objective on AON from $350.00 to $310.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 9th. UBS Group cut their target price on AON from $333.00 to $308.00 and set a “neutral” rating for the company in a research report on Monday, February 5th. Finally, Keefe, Bruyette & Woods upped their price target on AON from $294.00 to $312.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.