Q2 2024 EPS Estimates for Aon plc Decreased by Analyst (NYSE:AON)

Aon plc (NYSE:AON) – Equities researchers at Roth Capital cut their Q2 2024 earnings per share (EPS) estimates for AON in a report released on Monday, April 29th. Roth Capital analyst H. Fong now forecasts that the financial services provider will post earnings of $3.02 per share for the quarter, down from their prior forecast of $3.16. The consensus estimate for AON’s current full-year earnings is $15.64 per share. Roth Capital also issued estimates for AON’s Q3 2024 earnings at $2.44 EPS, Q4 2024 earnings at $4.56 EPS, FY2024 earnings at $15.55 EPS and Q2 2025 earnings at $3.15 EPS.

A number of other equities research analysts have also recently issued reports on the company. The Goldman Sachs Group reduced their price objective on AON from $350.00 to $310.00 and set a “neutral” rating for the company in a report on Tuesday, January 9th. Wells Fargo & Company cut their price target on AON from $300.00 to $289.00 and set an “underweight” rating for the company in a research note on Monday. Piper Sandler cut their price target on AON from $326.00 to $312.00 and set a “neutral” rating for the company in a research note on Monday. TD Cowen started coverage on AON in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $390.00 price target for the company. Finally, Royal Bank of Canada cut their price target on AON from $325.00 to $315.00 and set a “sector perform” rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, AON presently has an average rating of “Hold” and a consensus target price of $329.69.

AON Stock Up 0.5 %

Shares of NYSE:AON opened at $283.55 on Tuesday. AON has a 12-month low of $268.06 and a 12-month high of $347.37. The stock has a market cap of $61.65 billion, a PE ratio of 22.22, a P/E/G ratio of 1.72 and a beta of 0.86. The business has a 50 day moving average of $315.28 and a 200-day moving average of $313.15.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the firm earned $5.17 EPS. The company’s revenue was up 5.1% on a year-over-year basis.

Institutional Trading of AON

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cubic Asset Management LLC acquired a new stake in AON in the fourth quarter valued at $1,050,000. Cerity Partners LLC increased its holdings in AON by 177.4% in the fourth quarter. Cerity Partners LLC now owns 18,461 shares of the financial services provider’s stock valued at $5,372,000 after purchasing an additional 11,806 shares during the period. Oak Thistle LLC acquired a new stake in AON in the fourth quarter valued at $3,203,000. James Hambro & Partners increased its holdings in AON by 9.9% in the fourth quarter. James Hambro & Partners now owns 223,865 shares of the financial services provider’s stock valued at $65,137,000 after purchasing an additional 20,239 shares during the period. Finally, Pathstone Family Office LLC increased its holdings in AON by 45.1% in the third quarter. Pathstone Family Office LLC now owns 15,663 shares of the financial services provider’s stock valued at $5,081,000 after purchasing an additional 4,872 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AON

In other news, CFO Christa Davies sold 20,618 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $311.40, for a total transaction of $6,420,445.20. Following the completion of the transaction, the chief financial officer now directly owns 159,570 shares in the company, valued at $49,690,098. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Lester B. Knight purchased 50,000 shares of the stock in a transaction dated Wednesday, February 7th. The stock was bought at an average cost of $301.97 per share, for a total transaction of $15,098,500.00. Following the completion of the acquisition, the director now owns 134,000 shares of the company’s stock, valued at $40,463,980. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Christa Davies sold 20,618 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $311.40, for a total transaction of $6,420,445.20. Following the transaction, the chief financial officer now owns 159,570 shares of the company’s stock, valued at $49,690,098. The disclosure for this sale can be found here. Insiders sold a total of 74,532 shares of company stock worth $23,335,805 over the last three months. Corporate insiders own 1.15% of the company’s stock.

AON Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.675 per share. This is an increase from AON’s previous quarterly dividend of $0.62. This represents a $2.70 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, April 30th. AON’s payout ratio is currently 19.28%.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions 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.