AON (NYSE:AON) Sets New 52-Week High at $206.40

Aon PLC (NYSE:AON) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $206.40 and last traded at $206.28, with a volume of 13680 shares. The stock had previously closed at $203.45.

Several analysts have recently issued reports on AON shares. Barclays set a $190.00 target price on shares of AON and gave the stock a “hold” rating in a research note on Monday, August 12th. Raymond James lowered shares of AON from an “outperform” rating to an “underperform” rating in a research report on Monday, November 18th. Finally, Wells Fargo & Co reaffirmed a “hold” rating and issued a $195.00 price objective on shares of AON in a research report on Thursday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. AON presently has a consensus rating of “Hold” and an average target price of $190.11.

The stock has a fifty day moving average of $196.75 and a 200 day moving average of $192.43. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $48.23 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 1.86 and a beta of 0.85.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, October 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. AON had a return on equity of 51.63% and a net margin of 13.79%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the company earned $1.30 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts forecast that Aon PLC will post 9.13 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Thursday, October 31st. AON’s dividend payout ratio (DPR) is currently 21.57%.

In other news, insider Behets Robert 3,000,000 shares of the company’s stock in a transaction on Friday, October 11th. Also, Director J Michael Losh sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $193.60, for a total transaction of $968,000.00. Following the sale, the director now owns 19,366 shares of the company’s stock, valued at approximately $3,749,257.60. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in AON. NEXT Financial Group Inc bought a new stake in shares of AON in the 2nd quarter worth approximately $25,000. Cerebellum GP LLC purchased a new position in AON in the third quarter valued at approximately $28,000. Massey Quick Simon & CO. LLC purchased a new position in AON in the second quarter valued at approximately $31,000. Capital Investment Advisory Services LLC bought a new position in AON during the second quarter valued at $37,000. Finally, Venturi Wealth Management LLC bought a new position in AON during the third quarter valued at $39,000. 85.99% of the stock is owned by hedge funds and other institutional investors.

AON Company Profile (NYSE:AON)

Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.

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