Jefferies Financial Group Comments on Aon plc’s FY2022 Earnings (NYSE:AON)

Aon plc (NYSE:AONGet Rating) – Stock analysts at Jefferies Financial Group boosted their FY2022 earnings per share (EPS) estimates for AON in a research report issued on Monday, August 1st. Jefferies Financial Group analyst Y. Kinar now anticipates that the financial services provider will post earnings per share of $13.20 for the year, up from their prior estimate of $13.10. Jefferies Financial Group has a “Hold” rating and a $296.00 price objective on the stock. The consensus estimate for AON’s current full-year earnings is $13.20 per share. Jefferies Financial Group also issued estimates for AON’s Q4 2022 earnings at $3.78 EPS, Q1 2024 earnings at $5.64 EPS and Q2 2024 earnings at $3.17 EPS.

Other research analysts also recently issued research reports about the company. Wells Fargo & Company cut their price target on AON from $321.00 to $310.00 in a research note on Monday, May 2nd. The Goldman Sachs Group began coverage on AON in a research report on Tuesday, July 12th. They set a “neutral” rating and a $301.00 price objective for the company. TheStreet cut AON from a “b” rating to a “c+” rating in a research report on Friday, July 29th. Finally, Morgan Stanley cut AON from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $320.00 to $250.00 in a research report on Friday, June 3rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, AON currently has a consensus rating of “Hold” and an average target price of $302.64.

AON Trading Up 0.6 %

NYSE:AON opened at $287.53 on Thursday. The company has a market capitalization of $60.65 billion, a PE ratio of 41.25 and a beta of 0.90. The company has a quick ratio of 2.01, a current ratio of 1.88 and a debt-to-equity ratio of 12.27. AON has a 52-week low of $246.21 and a 52-week high of $341.98. The stock has a fifty day simple moving average of $271.29 and a 200-day simple moving average of $287.60.

AON (NYSE:AONGet Rating) last released its quarterly earnings results on Friday, July 29th. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.06. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $3.01 billion. AON had a return on equity of 204.19% and a net margin of 11.96%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.29 EPS.

Hedge Funds Weigh In On AON

Hedge funds and other institutional investors have recently modified their holdings of the company. City State Bank acquired a new position in shares of AON in the 4th quarter valued at about $29,000. Larson Financial Group LLC acquired a new position in AON during the 2nd quarter worth approximately $32,000. Steph & Co. acquired a new position in AON during the 1st quarter worth approximately $33,000. J.W. Cole Advisors Inc. acquired a new position in AON during the 1st quarter worth approximately $35,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in AON by 71.9% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 110 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 46 shares in the last quarter. 85.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AON

In other news, General Counsel Darren Zeidel sold 111 shares of AON stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $290.00, for a total value of $32,190.00. Following the transaction, the general counsel now directly owns 15,129 shares of the company’s stock, valued at approximately $4,387,410. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.99% of the stock is owned by company insiders.

AON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Monday, August 1st will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Friday, July 29th. AON’s dividend payout ratio (DPR) is 32.14%.

AON Company Profile

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Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captives management; and health solutions, such as health and benefits brokerages, and health care exchanges.

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Earnings History and Estimates for AON (NYSE:AON)

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