AON (NYSE:AON) Announces Earnings Results, Misses Expectations By $0.37 EPS

AON (NYSE:AON) announced its quarterly earnings results on Friday. The financial services provider reported $5.67 EPS for the quarter, missing the consensus estimate of $6.04 by ($0.37), Zacks reports. The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%.

AON Trading Down 7.8 %

AON stock opened at $336.45 on Friday. AON has a 52-week low of $275.07 and a 52-week high of $412.97. The company has a market cap of $72.67 billion, a P/E ratio of 26.58, a P/E/G ratio of 2.12 and a beta of 0.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The business has a 50-day simple moving average of $386.53 and a two-hundred day simple moving average of $375.76.

AON Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, May 1st. This is a positive change from AON’s previous quarterly dividend of $0.68. This represents a $2.98 dividend on an annualized basis and a yield of 0.89%. AON’s payout ratio is currently 25.38%.

Analysts Set New Price Targets

A number of research firms have weighed in on AON. Redburn Partners set a $445.00 price target on AON in a research report on Tuesday, March 25th. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $407.00 to $420.00 in a research report on Wednesday, January 8th. Barclays lowered their price objective on AON from $440.00 to $430.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Jefferies Financial Group raised their target price on shares of AON from $396.00 to $416.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Finally, Piper Sandler upped their price target on shares of AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AON has a consensus rating of “Hold” and a consensus target price of $393.87.

About AON

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.