Why Aon (AON) Stock Is Lower Today

NEW YORK (TheStreet) -- Shares of AON Plc  (AON) are down -3.85% to $87.47 as the world's second biggest insurance broker by market value, fell the most since April after revenue missed estimates as reinsurance sales dropped, Bloomberg reports.

Revenue was $2.92 billion, compared with analysts' estimates of $2.96 billion in a Bloomberg survey. Reinsurance commissions and fees fell 4.3% to $360 million, the company said today

The company's net income was $304 million, or $1.01 per share, compared with $241 million, or 76 cents per share a year earlier.

Must Read: Warren Buffett's 25 Favorite Growth Stocks

 

TheStreet Ratings team rates AON PLC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate AON PLC (AON) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."

More from Markets

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists