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Aon: S&P Intraday Laggard

NEW YORK ( TheStreet) - Aon (AON - Get Report) was the worst-performing stock in the S&P 500 on Friday morning.

The S&P 500 was down more than 15 points, or about 1.1%, to 1,376.20.

Shares of Aon fell 5.04% to $48.76. The insurance company reported first-quarter earnings Friday of $238 million, or 71 cents a share, compared to $246 million, or 71 cents a share, a year earlier.

Adjusted earnings fell to 98 cents a share from 99 cents; analysts were expecting earnings of $1.06 a share.

Aon trades at an estimated price-to-earnings ratio for next year of 9.95 times; the average for insurance brokerages is 11.85. For comparison, Willis Group (WSH) has a forward P/E of 11.69.

Twelve of the 20 analysts who cover Aon rated it buy. Seven analysts gave the stock a hold rating and one rated it sell.

The stock has risen 4.17% year to date.

-- Written by Alexandra Zendrian



>To contact the writer of this article, click here: Alexandra Zendrian

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