AON (NYSE:AON) Sees Large Volume Increase

Aon plc (NYSE:AON) shares saw an uptick in trading volume on Tuesday . 435,085 shares traded hands during mid-day trading, a decline of 64% from the previous session’s volume of 1,212,763 shares.The stock last traded at $287.35 and had previously closed at $286.86.

Wall Street Analyst Weigh In

Several research firms have weighed in on AON. Keefe, Bruyette & Woods upped their price objective on shares of AON from $294.00 to $312.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Wells Fargo & Company dropped their price target on shares of AON from $300.00 to $289.00 and set an “underweight” rating on the stock in a research note on Monday, April 29th. Piper Sandler dropped their price target on shares of AON from $326.00 to $312.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Royal Bank of Canada dropped their price target on shares of AON from $325.00 to $315.00 and set a “sector perform” rating on the stock in a research note on Monday, April 29th. Finally, Morgan Stanley increased their price target on shares of AON from $325.00 to $327.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $321.86.

AON Trading Up 1.9 %

The business’s fifty day simple moving average is $294.83 and its two-hundred day simple moving average is $305.41. The stock has a market capitalization of $63.59 billion, a P/E ratio of 22.50, a P/E/G ratio of 1.88 and a beta of 0.91.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period last year, the company earned $5.17 earnings per share. AON’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts anticipate that Aon plc will post 15.48 earnings per share for the current year.

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a $0.675 dividend. This is a boost from AON’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.92%. AON’s dividend payout ratio is currently 21.16%.

Insider Activity

In other news, Director Lester B. Knight bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average price of $276.61 per share, for a total transaction of $2,766,100.00. Following the transaction, the director now directly owns 139,000 shares of the company’s stock, valued at approximately $38,448,790. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.15% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AON. BKM Wealth Management LLC bought a new position in AON during the 4th quarter worth approximately $25,000. Frazier Financial Advisors LLC bought a new position in AON during the 4th quarter worth approximately $31,000. Rise Advisors LLC bought a new position in AON during the 1st quarter worth approximately $37,000. Headlands Technologies LLC bought a new position in AON during the 3rd quarter worth approximately $39,000. Finally, Bruce G. Allen Investments LLC bought a new position in AON during the 4th quarter worth approximately $40,000. Institutional investors own 86.14% of the company’s stock.

About AON

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.