AON (AON) Hits New 12-Month High at $183.25
Aon PLC (NYSE:AON)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $183.25 and last traded at $182.31, with a volume of 6675 shares traded. The stock had previously closed at $182.10.
Several equities analysts recently commented on the company. ValuEngine downgraded AON from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Wells Fargo & Co restated a “hold” rating on shares of AON in a research report on Friday, April 5th. Barclays raised their target price on AON from $153.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Monday, April 1st. Morgan Stanley raised their target price on AON from $169.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 15th. Finally, MKM Partners upgraded AON from a “neutral” rating to a “buy” rating and raised their target price for the stock from $155.00 to $200.00 in a research report on Monday, February 4th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $175.80.
The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 1.23. The stock has a market cap of $43.79 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 1.66 and a beta of 0.87.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a $0.44 dividend. This is an increase from AON’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, April 30th. This represents a $1.76 annualized dividend and a yield of 0.97%. AON’s payout ratio is presently 21.57%.
In other news, insider Eric Andersen sold 7,500 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.50, for a total transaction of $1,338,750.00. Following the completion of the sale, the insider now owns 80,941 shares in the company, valued at $14,447,968.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Peter M. Lieb sold 5,200 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $178.39, for a total value of $927,628.00. Following the sale, the general counsel now owns 16,446 shares of the company’s stock, valued at approximately $2,933,801.94. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its stake in shares of AON by 14,228.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,840,266 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 3,813,464 shares during the period. Norges Bank acquired a new stake in shares of AON during the fourth quarter worth $176,885,000. BlackRock Inc. grew its stake in shares of AON by 7.8% during the fourth quarter. BlackRock Inc. now owns 15,997,384 shares of the financial services provider’s stock worth $2,325,380,000 after purchasing an additional 1,162,646 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of AON by 5.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 22,515,572 shares of the financial services provider’s stock worth $3,272,864,000 after purchasing an additional 1,072,842 shares during the period. Finally, Lazard Asset Management LLC grew its stake in shares of AON by 12.3% during the first quarter. Lazard Asset Management LLC now owns 9,299,944 shares of the financial services provider’s stock worth $1,587,498,000 after purchasing an additional 1,017,180 shares during the period. Institutional investors own 84.71% of the company’s stock.
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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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