AON (NYSE:AON) Hits New 1-Year High at $353.40

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AON shares. Bank of America lowered shares of AON from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $345.00 to $306.00 in a research note on Wednesday, May 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Royal Bank of Canada reissued a “sector perform” rating and set a $335.00 target price on shares of AON in a research note on Monday, August 5th. Piper Sandler increased their price objective on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and upped their target price for the stock from $313.00 to $380.00 in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $337.27.

AON Stock Performance

The firm has a fifty day moving average price of $327.69 and a 200 day moving average price of $310.68. The firm has a market capitalization of $75.90 billion, a PE ratio of 27.38, a P/E/G ratio of 2.26 and a beta of 0.92. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42.

AON (NYSE:AON) last released its earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($0.15). The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. The business’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the business earned $2.76 earnings per share. Research analysts anticipate that Aon plc will post 15.23 earnings per share for the current fiscal year.

AON Announces Dividend

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

Hedge Funds Weigh In On AON

Several institutional investors have recently bought and sold shares of the stock. Gryphon Financial Partners LLC lifted its holdings in AON by 262.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider’s stock worth $1,181,000 after purchasing an additional 2,989 shares during the last quarter. California State Teachers Retirement System lifted its position in AON by 1.5% during the 4th quarter. California State Teachers Retirement System now owns 331,760 shares of the financial services provider’s stock worth $96,549,000 after acquiring an additional 4,843 shares during the last quarter. Radnor Capital Management LLC grew its position in shares of AON by 203.6% in the first quarter. Radnor Capital Management LLC now owns 6,290 shares of the financial services provider’s stock valued at $2,099,000 after purchasing an additional 4,218 shares during the last quarter. Y.D. More Investments Ltd bought a new position in shares of AON in the second quarter worth about $31,000. Finally, Norden Group LLC bought a new position in AON in the 1st quarter worth approximately $2,044,000. 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.