AON (NYSE:AON) Sets New 52-Week High – What’s Next?

Shares of Aon plc (NYSE:AON) reached a new 52-week high during trading on Tuesday . The company traded as high as $396.15 and last traded at $392.14, with a volume of 1280275 shares traded. The stock had previously closed at $389.56.

Analyst Ratings Changes

A number of analysts have recently weighed in on AON shares. BMO Capital Markets increased their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Royal Bank of Canada increased their price target on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Piper Sandler boosted their price objective on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and raised their target price for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $386.21.

AON Stock Performance

The firm’s fifty day simple moving average is $369.16 and its 200 day simple moving average is $362.52. The company has a market capitalization of $84.70 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 2.12 and a beta of 0.93. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period last year, the business posted $3.89 earnings per share. On average, sell-side analysts forecast that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.69%. The ex-dividend date was Monday, February 3rd. AON’s payout ratio is 21.33%.

Insiders Place Their Bets

In other news, COO Mindy F. Simon sold 650 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the transaction, the chief operating officer now owns 1,816 shares in the company, valued at $716,121.44. This represents a 26.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Endeavor Private Wealth Inc. acquired a new position in shares of AON in the fourth quarter worth $29,000. Richardson Financial Services Inc. increased its position in AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 81 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in shares of AON during the 4th quarter worth about $32,000. Anchor Investment Management LLC grew its stake in shares of AON by 1,162.5% in the 3rd quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after buying an additional 93 shares in the last quarter. Finally, First Personal Financial Services acquired a new position in AON in the third quarter worth approximately $37,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.