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

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

Analyst Upgrades and Downgrades

AON has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $315.00 to $377.00 in a report on Monday, October 28th. BMO Capital Markets increased their price objective on AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Evercore ISI upped their target price on shares of AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Jefferies Financial Group lifted their price target on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Bank of America upped their price objective on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $362.06.

AON Trading Up 0.9 %

The stock has a 50-day simple moving average of $362.45 and a two-hundred day simple moving average of $327.94. The firm has a market cap of $84.28 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 2.42 and a beta of 0.91. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05.

AON Announces Dividend

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

Institutional Trading of AON

Large investors have recently added to or reduced their stakes in the business. Y.D. More Investments Ltd purchased a new position in shares of AON during the 2nd quarter valued at about $31,000. Diamond Hill Capital Management Inc. bought a new stake in shares of AON during the 3rd quarter valued at $336,375,000. Vontobel Holding Ltd. boosted its holdings in AON by 150.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 96,321 shares of the financial services provider’s stock worth $33,326,000 after buying an additional 57,847 shares during the period. Cetera Investment Advisers increased its stake in AON by 255.5% in the 1st quarter. Cetera Investment Advisers now owns 19,448 shares of the financial services provider’s stock worth $6,490,000 after buying an additional 13,977 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its position in shares of AON by 5.0% in the third quarter. Artemis Investment Management LLP now owns 98,209 shares of the financial services provider’s stock valued at $33,979,000 after acquiring an additional 4,666 shares in the last quarter. 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.