AON (NYSE:AON) Posts Earnings Results, Misses Expectations By $0.18 EPS

AON (NYSE:AONGet Free Report) posted its earnings results on Friday. The financial services provider reported $3.89 EPS for the quarter, missing the consensus estimate of $4.07 by ($0.18), MarketWatch Earnings reports. The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.36 billion. AON had a net margin of 20.74% and a negative return on equity of 1,685.76%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.89 earnings per share.

AON Stock Performance

Shares of AON stock traded down $7.60 during trading on Friday, reaching $292.40. The company’s stock had a trading volume of 2,060,235 shares, compared to its average volume of 1,177,627. The company has a debt-to-equity ratio of 61.66, a quick ratio of 1.41 and a current ratio of 1.41. The business’s fifty day moving average price is $305.70 and its 200-day moving average price is $319.73. The firm has a market cap of $58.54 billion, a price-to-earnings ratio of 23.43, a price-to-earnings-growth ratio of 1.98 and a beta of 0.86. AON has a one year low of $280.89 and a one year high of $347.37.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a $0.615 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $2.46 dividend on an annualized basis and a dividend yield of 0.84%. AON’s payout ratio is presently 19.71%.

Analysts Set New Price Targets

A number of research firms recently issued reports on AON. JPMorgan Chase & Co. raised AON from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $351.00 to $321.00 in a research report on Monday, January 8th. Wells Fargo & Company reduced their price objective on AON from $304.00 to $295.00 and set an “underweight” rating for the company in a research report on Thursday, December 21st. TD Cowen began coverage on AON in a research report on Wednesday, January 10th. They set an “outperform” rating and a $390.00 price objective for the company. Keefe, Bruyette & Woods cut AON from a “market perform” rating to an “underperform” rating and set a $328.00 price objective for the company. in a research report on Friday, December 15th. Finally, Royal Bank of Canada reduced their price objective on AON from $352.00 to $342.00 and set a “sector perform” rating for the company in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $338.31.

Check Out Our Latest Stock Report on AON

Hedge Funds Weigh In On AON

A number of institutional investors have recently made changes to their positions in the business. Milestone Investment Advisors LLC bought a new position in AON during the first quarter valued at about $30,000. Quarry LP bought a new position in AON during the first quarter valued at about $31,000. First Capital Advisors Group LLC. bought a new position in AON during the second quarter valued at about $56,000. Money Concepts Capital Corp increased its stake in AON by 517.6% during the fourth quarter. Money Concepts Capital Corp now owns 210 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 176 shares during the period. Finally, State of Wyoming bought a new position in AON during the fourth quarter valued at about $71,000. 86.45% of the stock is currently owned by institutional investors.

About AON

(Get Free Report)

Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.

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Earnings History for AON (NYSE:AON)

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