Latest Stocks: Zacks: Brokerages Anticipate Aon plc Class A (AON) to Post $1.28 Earnings Per Share

Latest Stocks: Zacks: Brokerages Anticipate Aon plc Class A (AON) to Post $1.28 Earnings Per Share

Brokerages expect Aon plc Class A (NYSE:AON) to report $1.28 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Aon plc Class A’s earnings. The highest EPS estimate is $1.45 and the lowest is $1.18. Aon plc Class A posted earnings of $1.35 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 5.2%. The firm is scheduled to issue its next earnings report before the market opens on Tuesday, May 9th.

On average, analysts expect that Aon plc Class A will report full-year earnings of $6.25 per share for the current financial year, with EPS estimates ranging from $6.05 to $6.51. For the next year, analysts expect that the business will post earnings of $7.86 per share, with EPS estimates ranging from $7.46 to $8.14. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Aon plc Class A.

Aon plc Class A (NYSE:AON) last released its earnings results on Friday, February 10th. The financial services provider reported $2.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.07. The company earned $3.30 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Aon plc Class A had a return on equity of 32.46% and a net margin of 12.01%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.27 EPS. Several brokerages have recently weighed in on AON. Wells Fargo & Co reissued a “hold” rating on shares of Aon plc Class A in a report on Sunday, April 16th. Zacks Investment Research lowered Aon plc Class A from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Citigroup Inc lifted their price objective on Aon plc Class A from $130.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, April 7th. Jefferies Group LLC reissued a “buy” rating and set a $137.00 price objective on shares of Aon plc Class A in a report on Saturday, March 11th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $126.00 price objective (up previously from $124.00) on shares of Aon plc Class A in a report on Thursday, February 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Aon plc Class A currently has an average rating of “Hold” and an average target price of $123.11.

In related news, CFO Christa Davies sold 48,216 shares of the business’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $117.42, for a total value of $5,661,522.72. Following the sale, the chief financial officer now owns 301,315 shares of the company’s stock, valued at approximately $35,380,407.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory C. Case sold 520,000 shares of the business’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $115.58, for a total value of $60,101,600.00. Following the completion of the sale, the chief executive officer now directly owns 572,789 shares in the company, valued at approximately $66,202,952.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 584,899 shares of company stock worth $67,719,872. 1.00% of the stock is owned by insiders. A number of hedge funds have recently made changes to their positions in AON. Boston Partners raised its stake in shares of Aon plc Class A by 2.4% in the third quarter. Boston Partners now owns 5,704,186 shares of the financial services provider’s stock valued at $641,664,000 after buying an additional 135,896 shares in the last quarter. First Personal Financial Services raised its stake in shares of Aon plc Class A by 22.6% in the third quarter. First Personal Financial Services now owns 54,839 shares of the financial services provider’s stock valued at $6,169,000 after buying an additional 10,115 shares in the last quarter. Diversified Trust Co raised its stake in shares of Aon plc Class A by 1.5% in the third quarter. Diversified Trust Co now owns 20,733 shares of the financial services provider’s stock valued at $2,332,000 after buying an additional 300 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Aon plc Class A by 60,000.0% in the third quarter. Quantbot Technologies LP now owns 10,217 shares of the financial services provider’s stock valued at $1,149,000 after buying an additional 10,200 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Aon plc Class A by 16.3% in the third quarter. Wells Fargo & Company MN now owns 913,044 shares of the financial services provider’s stock valued at $102,710,000 after buying an additional 128,144 shares in the last quarter. 83.61% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Christa Davies sold 48,216 shares of the business’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $117.42, for a total value of $5,661,522.72. Following the sale, the chief financial officer now owns 301,315 shares of the company’s stock, valued at approximately $35,380,407.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory C. Case sold 520,000 shares of the business’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $115.58, for a total value of $60,101,600.00. Following the completion of the sale, the chief executive officer now directly owns 572,789 shares in the company, valued at approximately $66,202,952.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 584,899 shares of company stock worth $67,719,872. 1.00% of the stock is owned by insiders. Aon plc Class A (NYSE:AON) traded up 0.88% during trading on Tuesday, hitting $122.27. The stock had a trading volume of 1,207,042 shares. The company’s 50-day moving average is $119.15 and its 200 day moving average is $114.62. Aon plc Class A has a 52 week low of $100.55 and a 52 week high of $122.39.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will be paid a $0.36 dividend. This is a positive change from Aon plc Class A’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, April 27th. This represents a $1.44 annualized dividend and a yield of 1.18%. Aon plc Class A’s payout ratio is currently 25.53%. About Aon plc Class A

Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.

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