Aon PLC (NYSE:AON) – Equities research analysts at William Blair lowered their Q3 2016 earnings estimates for shares of Aon PLC in a report issued on Monday. William Blair analyst A. Klauber now anticipates that the brokerage will earn $1.27 per share for the quarter, down from their previous estimate 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.
A number of other equities research analysts have also commented on the company. Credit Suisse Group AG reaffirmed an “underperform” rating on shares of Aon PLC in a research report on Wednesday, July 6th. Zacks Investment Research lowered Aon PLC from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Barclays PLC dropped their target price on Aon PLC from $104.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Friday, September 30th. BMO Capital Markets reissued a “market perform” rating and issued a $115.00 target price (up previously from $107.00) on shares of Aon PLC in a research report on Tuesday, July 12th. Finally, Jefferies Group lifted their target price on Aon PLC from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $108.75.
Shares of Aon PLC (NYSE:AON) opened at 110.70 on Wednesday. The company has a market cap of $29.40 billion, a PE ratio of 20.84 and a beta of 1.02. Aon PLC has a 52 week low of $83.83 and a 52 week high of $113.78. The company has a 50 day moving average price of $111.21 and a 200 day moving average price of $108.10.
Aon PLC (NYSE:AON) last announced its quarterly earnings results on Friday, July 29th. The company reported $1.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.39. The business earned $2.80 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Aon PLC had a return on equity of 30.10% and a net margin of 12.65%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.31 EPS.
Hedge funds and other institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board increased its position in shares of Aon PLC by 175.5% in the first quarter. Canada Pension Plan Investment Board now owns 81,010 shares of the company’s stock valued at $8,461,000 after buying an additional 51,600 shares in the last quarter. British Columbia Investment Management Corp increased its position in shares of Aon PLC by 51.9% in the second quarter. British Columbia Investment Management Corp now owns 145,486 shares of the company’s stock valued at $15,891,000 after buying an additional 49,720 shares in the last quarter. Exxonmobil Investment Management Inc. TX increased its position in shares of Aon PLC by 4.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 68,574 shares of the company’s stock valued at $7,490,000 after buying an additional 2,816 shares in the last quarter. Abner Herrman & Brock LLC increased its position in shares of Aon PLC by 0.9% in the second quarter. Abner Herrman & Brock LLC now owns 36,294 shares of the company’s stock valued at $3,999,000 after buying an additional 327 shares in the last quarter. Finally, Ronna Sue Cohen increased its position in shares of Aon PLC by 0.3% in the second quarter. Ronna Sue Cohen now owns 6,133 shares of the company’s stock valued at $670,000 after buying an additional 19 shares in the last quarter. Institutional investors own 84.51% of the company’s stock.
In other news, CEO Stephen P. Mcgill sold 46,698 shares of Aon PLC stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $108.41, for a total transaction of $5,062,530.18. Following the completion of the transaction, the chief executive officer now directly owns 252,071 shares in the company, valued at approximately $27,327,017.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.
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.
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