AON (NYSE:AON) Issues Earnings Results

AON (NYSE:AON) announced its earnings results on Friday. The financial services provider reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17, RTT News reports. AON had a net margin of 16.32% and a return on equity of 107.43%. During the same period in the prior year, the firm earned $3.89 earnings per share.

AON Stock Down 0.2 %

NYSE:AON opened at $371.39 on Friday. AON has a 1 year low of $268.06 and a 1 year high of $395.33. The stock has a 50-day moving average price of $366.35 and a two-hundred day moving average price of $353.73. The stock has a market cap of $80.32 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 2.00 and a beta of 0.93. The company has a current ratio of 2.05, a quick 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. Investors of record on Monday, February 3rd will be paid a dividend of $0.675 per share. 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 payout ratio is presently 22.78%.

Insider Transactions at AON

In other AON news, COO Mindy F. Simon sold 650 shares of AON 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 sale, the chief operating officer now owns 1,816 shares of the company’s stock, valued at $716,121.44. This trade represents a 26.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This represents 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 currently owned by insiders.

Wall Street Analyst Weigh In

AON has been the subject of a number of research reports. Keefe, Bruyette & Woods lowered their price target on shares of AON from $415.00 to $411.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Barclays boosted their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Jefferies Financial Group raised their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company raised AON from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $377.00 to $410.00 in a report on Tuesday, January 14th. Finally, BMO Capital Markets upped their target price on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, AON presently has a consensus rating of “Hold” and an average target price of $370.87.

AON Company Profile

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.