AON (NYSE:AON) Releases Earnings Results, Beats Expectations By $0.17 EPS

AON (NYSE:AONGet Free Report) released its quarterly earnings results on Friday. The financial services provider reported $4.42 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17, RTT News reports. AON had a net margin of 16.32% and a return on equity of 107.43%. During the same period in the previous year, the company posted $3.89 EPS.

AON Trading Down 0.1 %

Shares of NYSE AON traded down $0.50 during trading on Friday, hitting $371.65. 695,488 shares of the company were exchanged, compared to its average volume of 1,077,542. AON has a 12-month low of $268.06 and a 12-month high of $395.33. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. The company has a fifty day moving average price of $366.65 and a 200-day moving average price of $353.21. The firm has a market capitalization of $80.38 billion, a PE ratio of 31.35, a P/E/G ratio of 2.00 and a beta of 0.93.

AON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.675 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.73%. AON’s dividend payout ratio is presently 22.78%.

Insider Transactions at AON

In related news, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the sale, the insider now owns 8,077 shares in the company, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AON. TD Cowen increased their price objective on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Jefferies Financial Group raised their price target on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price target on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Bank of America raised their price target on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Finally, Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $370.87.

View Our Latest Report on AON

About AON

(Get Free Report)

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.

Further Reading

Earnings History for AON (NYSE:AON)

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