AON (NYSE:AON) Announces Quarterly Earnings Results, Beats Estimates By $0.17 EPS

AON (NYSE:AON - Get Free Report) issued its quarterly earnings results on Friday. The financial services provider reported $4.42 EPS for the quarter, topping the consensus estimate of $4.25 by $0.17, RTT News reports. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the prior year, the company posted $3.89 EPS.

AON Stock Up 0.8 %

Shares of AON traded up $3.07 on Tuesday, hitting $377.95. 964,924 shares of the stock traded hands, compared to its average volume of 1,115,573. The business has a 50 day simple moving average of $366.06 and a 200 day simple moving average of $355.03. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.05 and a current ratio of 1.40. AON has a one year low of $268.06 and a one year high of $395.33. The company has a market capitalization of $81.74 billion, a PE ratio of 29.85, a P/E/G ratio of 2.02 and a beta of 0.93.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Monday, February 3rd. AON's dividend payout ratio is presently 21.33%.

Insider Activity

In other news, COO Mindy F. Simon sold 650 shares of the business's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the transaction, the chief operating officer now owns 1,816 shares of the company's stock, valued at approximately $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total transaction 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 trade represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AON. Royal Bank of Canada increased their price objective on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research note on Monday. TD Cowen boosted their price objective on shares of AON from $413.00 to $432.00 in a report on Thursday, October 24th. Wells Fargo & Company raised their price target on AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research report on Monday. Jefferies Financial Group lifted their price target on AON from $344.00 to $365.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of AON from $415.00 to $411.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, AON has an average rating of "Hold" and an average target price of $380.80.

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.