AON (NYSE:AON) Sets New 12-Month High at $353.40

Aon plc (NYSE:AON)’s stock price reached a new 52-week high on Monday . The company traded as high as $353.40 and last traded at $353.40, with a volume of 41536 shares changing hands. The stock had previously closed at $347.85.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AON shares. JPMorgan Chase & Co. boosted their price target on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Citigroup started coverage on shares of AON in a research report on Wednesday, May 22nd. They set a “neutral” rating and a $309.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of AON from $311.00 to $353.00 and gave the company a “hold” rating in a research note on Monday, August 26th. Piper Sandler boosted their price objective on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, Bank of America downgraded AON from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $345.00 to $306.00 in a report on Wednesday, May 22nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $337.27.

AON Trading Up 1.1 %

The firm’s 50-day simple moving average is $325.51 and its 200 day simple moving average is $310.19. The stock has a market cap of $76.48 billion, a P/E ratio of 27.26, a PEG ratio of 2.24 and a beta of 0.92. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. During the same quarter last year, the firm posted $2.76 EPS. The company’s revenue was up 18.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Aon plc will post 15.23 earnings per share for the current year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a $0.675 dividend. The ex-dividend date was Thursday, August 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.77%. AON’s dividend payout ratio (DPR) is 21.16%.

Institutional Investors Weigh In On AON

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new stake in shares of AON in the 2nd quarter worth approximately $4,867,000. Coronation Fund Managers Ltd. acquired a new stake in shares of AON during the 2nd quarter valued at $2,812,000. Creekside Partners bought a new stake in shares of AON during the 2nd quarter worth $288,000. Truist Financial Corp grew its holdings in shares of AON by 4.2% in the 2nd quarter. Truist Financial Corp now owns 25,980 shares of the financial services provider’s stock worth $7,627,000 after acquiring an additional 1,036 shares during the last quarter. Finally, Regency Capital Management Inc. DE raised its position in shares of AON by 55.2% during the second quarter. Regency Capital Management Inc. DE now owns 9,940 shares of the financial services provider’s stock worth $2,918,000 after purchasing an additional 3,535 shares during the period. 86.14% of the stock is currently owned by institutional investors.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.