AON (NYSE:AON) Sets New 52-Week High – Here’s What Happened

Aon plc (NYSE:AON) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $390.32 and last traded at $390.32, with a volume of 82381 shares trading hands. The stock had previously closed at $386.21.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets upped their target price on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Royal Bank of Canada restated a “sector perform” rating and set a $335.00 price objective on shares of AON in a research note on Monday, August 5th. Barclays increased their target price on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Evercore ISI lifted their price target on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $362.06.

AON Trading Up 0.8 %

The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66. The firm has a 50-day moving average price of $364.06 and a 200-day moving average price of $329.34. The company has a market capitalization of $85.08 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 2.44 and a beta of 0.91.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.69%. AON’s dividend payout ratio (DPR) is 22.78%.

Institutional Trading of AON

Several institutional investors and hedge funds have recently added to or reduced their stakes in AON. Massachusetts Financial Services Co. MA lifted its position in shares of AON by 2.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock valued at $3,685,183,000 after acquiring an additional 309,702 shares during the last quarter. State Street Corp lifted its holdings in shares of AON by 0.4% during the third quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after purchasing an additional 32,417 shares during the last quarter. Mawer Investment Management Ltd. boosted its position in shares of AON by 1.2% in the 2nd quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock valued at $1,293,449,000 after purchasing an additional 52,099 shares during the period. Geode Capital Management LLC increased its stake in AON by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock worth $1,489,690,000 after purchasing an additional 38,447 shares in the last quarter. Finally, Veritas Asset Management LLP lifted its stake in AON by 41.6% during the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after buying an additional 883,761 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

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.