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Jefferies Financial Group Brokers Lower Earnings Estimates for Aon plc (NYSE:AON)


Aon plc (NYSE:AONGet Rating) – Stock analysts at Jefferies Financial Group lowered their Q2 2022 EPS estimates for shares of AON in a report issued on Tuesday, July 12th. Jefferies Financial Group analyst Y. Kinar now anticipates that the financial services provider will post earnings per share of $2.56 for the quarter, down from their previous estimate of $2.58. 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 $13.17 per share. Jefferies Financial Group also issued estimates for AON’s Q3 2022 earnings at $2.02 EPS, FY2022 earnings at $13.10 EPS and FY2024 earnings at $16.40 EPS.

AON (NYSE:AONGet Rating) last released its quarterly earnings results on Friday, April 29th. The financial services provider reported $4.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.86 by ($0.03). AON had a return on equity of 119.46% and a net margin of 11.06%. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the business earned $4.28 earnings per share. AON’s revenue for the quarter was up 4.1% on a year-over-year basis.

Several other equities research analysts have also recently issued reports on the stock. StockNews.com started coverage on shares of AON in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley cut shares of AON from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $320.00 to $250.00 in a research note on Friday, June 3rd. The Goldman Sachs Group initiated coverage on shares of AON in a research report on Tuesday. They issued a “neutral” rating and a $301.00 target price on the stock. Finally, Wells Fargo & Company decreased their target price on shares of AON from $321.00 to $310.00 in a research report on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $299.56.

AON stock opened at $269.44 on Wednesday. AON has a 12-month low of $223.19 and a 12-month high of $341.98. The stock has a market capitalization of $57.22 billion, a P/E ratio of 42.77 and a beta of 0.91. The firm’s 50-day moving average is $269.29 and its two-hundred day moving average is $288.57. The company has a debt-to-equity ratio of 7.50, a current ratio of 2.01 and a quick ratio of 2.01.

Hedge funds have recently made changes to their positions in the business. Hanson & Doremus Investment Management acquired a new position in AON during the fourth quarter valued at approximately $30,000. City State Bank purchased a new stake in shares of AON during the fourth quarter valued at approximately $29,000. Steph & Co. acquired a new position in shares of AON during the first quarter worth $33,000. Concord Wealth Partners lifted its position in shares of AON by 103.8% during the fourth quarter. Concord Wealth Partners now owns 108 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 55 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of AON by 71.9% during the first quarter. Massmutual Trust Co. FSB ADV now owns 110 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 46 shares in the last quarter. 85.01% of the stock is currently owned by hedge funds and other institutional investors.

In other AON news, Director Lester B. Knight purchased 14,000 shares of AON stock in a transaction on Thursday, May 5th. The shares were purchased at an average cost of $286.58 per share, with a total value of $4,012,120.00. Following the completion of the transaction, the director now directly owns 109,000 shares in the company, valued at approximately $31,237,220. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.99% of the company’s stock.

About AON (Get Rating)

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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