Aon PLC (NYSE:AON) – Research analysts at William Blair lowered their Q3 2016 earnings per share (EPS) estimates for shares of Aon PLC in a note issued to investors on Monday. William Blair analyst A. Klauber now forecasts that the firm will post earnings per share of $1.27 for the quarter, down from their prior forecast of $1.29. William Blair also issued estimates for Aon PLC’s FY2016 earnings at $6.56 EPS, Q1 2017 earnings at $1.44 EPS, Q2 2017 earnings at $1.49 EPS, Q3 2017 earnings at $1.61 EPS, Q4 2017 earnings at $2.83 EPS and FY2017 earnings at $7.33 EPS.
Aon PLC (NYSE:AON) last released its quarterly earnings data on Friday, July 29th. The company reported $1.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.39. The business earned $2.80 billion during the quarter, compared to analyst estimates of $2.85 billion. Aon PLC had a net margin of 12.65% and a return on equity of 30.10%. Aon PLC’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $1.31 EPS.
AON has been the subject of several other reports. Barclays PLC decreased their price objective on shares of Aon PLC from $104.00 to $99.00 and set an “equal weight” rating for the company in a research report on Friday, September 30th. Zacks Investment Research raised shares of Aon PLC from a “sell” rating to a “hold” rating in a research report on Monday, September 26th. Citigroup Inc. increased their price objective on shares of Aon PLC from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday. Credit Suisse Group AG set a $90.00 price objective on shares of Aon PLC and gave the company a “sell” rating in a research report on Monday, September 12th. Finally, Jefferies Group increased their price objective on shares of Aon PLC from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $108.75.
Shares of Aon PLC (NYSE:AON) opened at 110.19 on Wednesday. The firm’s 50-day moving average is $111.23 and its 200-day moving average is $108.11. Aon PLC has a 1-year low of $83.83 and a 1-year high of $113.78. The company has a market capitalization of $29.27 billion, a price-to-earnings ratio of 20.75 and a beta of 1.02.
A number of large investors have recently added to or reduced their stakes in AON. Massachusetts Financial Services Co. MA boosted its stake in Aon PLC by 39.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 13,690,923 shares of the company’s stock worth $1,495,461,000 after buying an additional 3,874,247 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in Aon PLC by 2.2% in the second quarter. Artisan Partners Limited Partnership now owns 13,510,473 shares of the company’s stock worth $1,475,749,000 after buying an additional 288,607 shares in the last quarter. Mawer Investment Management Ltd. boosted its stake in Aon PLC by 5.6% in the second quarter. Mawer Investment Management Ltd. now owns 4,761,899 shares of the company’s stock worth $520,142,000 after buying an additional 252,172 shares in the last quarter. BlackRock Group LTD boosted its stake in Aon PLC by 6.1% in the second quarter. BlackRock Group LTD now owns 2,150,028 shares of the company’s stock worth $234,848,000 after buying an additional 123,129 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in Aon PLC during the second quarter worth about $159,612,000. 84.51% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Stephen P. Mcgill sold 46,698 shares of Aon PLC stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $108.41, for a total value of $5,062,530.18. Following the sale, the chief executive officer now owns 252,071 shares of the company’s stock, valued at approximately $27,327,017.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
About Aon PLC
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.
Receive News & Ratings for Aon PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aon PLC and related companies with MarketBeat.com's FREE daily email newsletter.