AON (NYSE:AON) Announces Earnings Results

AON (NYSE:AON) posted its quarterly earnings results on Friday. The financial services provider reported $4.42 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.17, RTT News reports. AON had a return on equity of 107.43% and a net margin of 16.32%. During the same quarter last year, the business posted $3.89 EPS.

AON Stock Performance

Shares of NYSE:AON opened at $371.39 on Friday. AON has a 12-month low of $268.06 and a 12-month high of $395.33. The company’s 50 day moving average price is $366.35 and its two-hundred day moving average price is $353.73. The firm has a market cap of $80.32 billion, a PE ratio of 31.34, a PEG ratio of 2.00 and a beta of 0.93. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Monday, February 3rd. AON’s dividend payout ratio (DPR) is 22.78%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of AON from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $377.00 to $410.00 in a report on Tuesday, January 14th. Keefe, Bruyette & Woods lowered their price objective on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. JPMorgan Chase & Co. lifted their price target on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. TD Cowen upped their price objective on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Finally, Barclays boosted their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, AON presently has a consensus rating of “Hold” and an average target price of $370.87.

Insider Activity

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

About AON

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.