Langen Mcalenn Weighs in on Aon plc Class A’s Q2 2018 Earnings (AON)

Aon plc Class A (NYSE:AON) – Research analysts at Langen Mcalenn decreased their Q2 2018 earnings per share estimates for Aon plc Class A in a research report issued on Tuesday, according to Zacks Investment Research. Langen Mcalenn analyst L. Greenberg now expects that the financial services provider will post earnings of $1.67 per share for the quarter, down from their previous estimate of $1.82. Langen Mcalenn also issued estimates for Aon plc Class A’s Q1 2019 earnings at $3.23 EPS, Q2 2019 earnings at $1.97 EPS, Q3 2019 earnings at $1.54 EPS, Q4 2019 earnings at $2.56 EPS and FY2019 earnings at $9.30 EPS.

A number of other brokerages also recently issued reports on AON. Zacks Investment Research upgraded shares of Aon plc Class A from a “hold” rating to a “buy” rating and set a $171.00 price target for the company in a report on Wednesday, October 25th. Wells Fargo & Co raised their price target on shares of Aon plc Class A from $138.00 to $143.00 and gave the stock a “market perform” rating in a report on Monday, October 30th. Sandler O’Neill restated a “hold” rating on shares of Aon plc Class A in a report on Monday, October 30th. Jefferies Group raised their price target on shares of Aon plc Class A from $162.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Goldman Sachs Group began coverage on shares of Aon plc Class A in a report on Monday, December 4th. They set a “neutral” rating and a $149.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. Aon plc Class A currently has a consensus rating of “Hold” and a consensus price target of $144.92.

Aon plc Class A (NYSE:AON) traded up $0.33 during mid-day trading on Thursday, reaching $140.30. 214,549 shares of the company’s stock were exchanged, compared to its average volume of 1,403,467. The firm has a market cap of $34,793.25, a P/E ratio of 29.97, a price-to-earnings-growth ratio of 1.48 and a beta of 1.05. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.35 and a current ratio of 1.66. Aon plc Class A has a 12 month low of $114.92 and a 12 month high of $152.78.

Aon plc Class A (NYSE:AON) last released its quarterly earnings data on Friday, February 2nd. The financial services provider reported $2.35 EPS for the quarter, beating the Zacks’ consensus estimate of $2.34 by $0.01. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.84 billion. Aon plc Class A had a net margin of 12.26% and a return on equity of 32.41%. Aon plc Class A’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.56 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a $0.36 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $1.44 annualized dividend and a yield of 1.03%. Aon plc Class A’s dividend payout ratio is presently 30.84%.

In other Aon plc Class A news, SVP Laurel G. Meissner sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $141.20, for a total value of $564,800.00. Following the completion of the transaction, the senior vice president now owns 12,314 shares of the company’s stock, valued at approximately $1,738,736.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lester B. Knight purchased 60,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was acquired at an average cost of $138.42 per share, with a total value of $8,305,200.00. Following the transaction, the director now directly owns 2,908 shares in the company, valued at $402,525.36. The disclosure for this purchase can be found here. Insiders sold a total of 38,704 shares of company stock valued at $5,489,605 in the last three months. 0.90% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its position in shares of Aon plc Class A by 7.6% during the 2nd quarter. Stifel Financial Corp now owns 2,505 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 177 shares during the last quarter. AHL Partners LLP lifted its position in shares of Aon plc Class A by 2.8% during the 2nd quarter. AHL Partners LLP now owns 13,896 shares of the financial services provider’s stock worth $1,848,000 after purchasing an additional 374 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Aon plc Class A by 6.0% during the 3rd quarter. Victory Capital Management Inc. now owns 6,974 shares of the financial services provider’s stock worth $1,019,000 after purchasing an additional 395 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in Aon plc Class A by 0.9% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 43,045 shares of the financial services provider’s stock valued at $6,289,000 after acquiring an additional 400 shares during the last quarter. Finally, Advisor Partners LLC lifted its position in Aon plc Class A by 8.4% in the third quarter. Advisor Partners LLC now owns 5,399 shares of the financial services provider’s stock valued at $789,000 after acquiring an additional 417 shares during the last quarter. 87.52% of the stock is owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for Aon plc Class A (NYSE:AON)

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