Economy

Aon PLC (AON) Updates FY18 Earnings Guidance

Aon plc (NYSE:AON) is getting prepared to post earnings results on 10/27/2017 8:30:00 AM. They expect $1.27 EPS, down 1.55 % or $0.02 from last year's $1.29 per share.

Davis R M Inc. grew its position in Aon PLC (NYSE:AON) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.29 billion. The company provided earnings per share guidance of exceed $7.97 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.05. The firm's revenue was up 6.3% on a year-over-year basis.

Aon PLC (AON) traded down 3.64% on Friday, hitting $145.71. Aon PLC has a 52-week low of $107.50 and a 52-week high of $152.78. The firm has a market cap of $37.18 billion, a price-to-earnings ratio of 21.35 and a beta of 1.04.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a $0.36 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $1.44 annualized dividend and a dividend yield of 0.99%. Aon PLC's payout ratio is now 20.48%.

COPYRIGHT VIOLATION NOTICE: "Aon PLC (AON) Updates FY18 Earnings Guidance" was originally published by Week Herald and is the sole property of of Week Herald. The original version of this news story can be read at https://www.dispatchtribunal.com/2017/10/27/aon-plc-aon-stake-raised-by-davis-r-m-inc.html.

AON has been the topic of several analyst reports. The stock of Aon plc Class A Ordinary Shares (UK) (NYSE:AON) earned "Sell" rating by Zacks on Tuesday, August 4. As per Monday, June 12, the company rating was maintained by RBC Capital Markets. Janney Capital initiated Aon plc Class A Ordinary Shares (UK) (NYSE:AON) on Monday, August 3 with " rating. Finally, Royal Bank Of Canada reissued a "hold" rating and issued a $143.00 target price on shares of Aon PLC in a research report on Wednesday, September 6th. Out of 2 Wall Street analysts rating Lindsay Corp, 0 give it "Buy", 1 "Sell" rating, while 1 recommend "Hold". RBC Capital Markets maintained the stock with "Hold" rating in Monday, July 17 report. Northwestern Mutual Wealth Management Co. increased its stake in Aon PLC by 2.3% in the second quarter. Citigroup maintained it with "Buy" rating and $159 target in Monday, August 7 report. The relative volume (ratio between current volume and 3-month average) is presently sitting at 1.14. The Broad Run Investment Management Llc holds 1.45M shares with $192.41 million value, up from 1.43M last quarter. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Want to see what other hedge funds are holding AON? Nwi Management Lp acquired 1.52M shares as Twitter Inc (TWTR)'s stock rose 10.41%. Sell-side analysts have also provided a consensus recommendation of 2.60 on company shares. Ronna Sue Cohen increased its stake in Aon PLC by 0.3% in the second quarter. The firm's revenue was down 1.4% compared to the same quarter a year ago. Atria Investments LLC boosted its holdings in shares of Aon PLC by 2.4% in the 2nd quarter. The biggest holder now is Patrick G. Ryan who owns 8,396,039 shares (3.30% of those outstanding), whilst Ryan Shirley W holds 8,301,904 (3.26% of shares outstanding) and Raymond I. Skilling holds 330,108 (0.13% of shares outstanding).

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.



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