William Blair Weighs in on Aon PLC’s Q1 2019 Earnings (AON)

Aon PLC (NYSE:AON) – William Blair issued their Q1 2019 earnings per share estimates for AON in a research report issued to clients and investors on Tuesday, March 26th, according to Zacks Investment Research. William Blair analyst A. Klauber anticipates that the financial services provider will post earnings of $3.30 per share for the quarter. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for AON’s Q2 2019 earnings at $1.88 EPS, Q3 2019 earnings at $1.43 EPS, Q4 2019 earnings at $2.48 EPS and FY2019 earnings at $9.09 EPS.

AON (NYSE:AON) last posted its earnings results on Friday, February 1st. The financial services provider reported $2.16 EPS for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.03. AON had a return on equity of 43.49% and a net margin of 10.53%. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the firm earned $2.35 EPS. The company’s quarterly revenue was down 4.8% on a year-over-year basis.

AON has been the topic of a number of other reports. ValuEngine cut AON from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Wells Fargo & Co restated a “hold” rating on shares of AON in a research report on Friday, April 5th. Zacks Investment Research upgraded AON from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a research report on Monday, December 31st. Goldman Sachs Group cut AON from a “buy” rating to a “neutral” rating and dropped their target price for the company from $171.00 to $163.00 in a research report on Tuesday, January 8th. Finally, Barclays raised their target price on AON from $153.00 to $155.00 and gave the company an “equal weight” rating in a research report on Monday, April 1st. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. AON currently has an average rating of “Hold” and an average price target of $169.30.

Shares of NYSE:AON traded down $0.20 during trading on Thursday, reaching $175.17. 838,317 shares of the company’s stock traded hands, compared to its average volume of 784,014. AON has a fifty-two week low of $134.82 and a fifty-two week high of $178.87. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $42.04 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 1.70 and a beta of 0.94.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AON. Altshuler Shaham Ltd purchased a new position in AON in the 4th quarter worth approximately $25,000. Berman Capital Advisors LLC purchased a new position in AON in the 4th quarter worth approximately $25,000. Oregon Public Employees Retirement Fund lifted its stake in AON by 14,228.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,840,266 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 3,813,464 shares in the last quarter. Sontag Advisory LLC purchased a new position in AON in the 4th quarter worth approximately $31,000. Finally, Somerset Trust Co lifted its stake in AON by 171.8% in the 1st quarter. Somerset Trust Co now owns 212 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 134 shares in the last quarter. 84.94% of the stock is currently owned by institutional investors and hedge funds.

In other AON news, insider Michael Neller sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $171.66, for a total value of $214,575.00. Following the transaction, the insider now directly owns 5,188 shares of the company’s stock, valued at approximately $890,572.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christa Davies sold 58,152 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $170.90, for a total transaction of $9,938,176.80. Following the completion of the transaction, the chief financial officer now directly owns 288,016 shares in the company, valued at $49,221,934.40. The disclosure for this sale can be found here. Insiders sold a total of 74,470 shares of company stock worth $12,756,050 over the last ninety days. 0.42% of the stock is currently owned by corporate insiders.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.44 dividend. The ex-dividend date is Tuesday, April 30th. This is a positive change from AON’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a yield of 1.00%. AON’s dividend payout ratio (DPR) is currently 19.61%.

AON Company Profile

Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.

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Earnings History and Estimates for AON (NYSE:AON)

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