Aon PLC (AON) Reaches New 1-Year High at $112.15
Aon PLC (NYSE:AON)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $112.15 and last traded at $112.10, with a volume of 653,400 shares. The stock had previously closed at $111.35.
A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Aon PLC from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Langen Mcalenn reissued a “buy” rating on shares of Aon PLC in a report on Tuesday, August 2nd. Credit Suisse Group AG reissued a “sell” rating on shares of Aon PLC in a report on Monday, August 1st. BMO Capital Markets reissued a “market perform” rating and issued a $115.00 price target (up previously from $107.00) on shares of Aon PLC in a report on Tuesday, July 12th. Finally, MKM Partners lowered shares of Aon PLC from a “buy” rating to a “neutral” rating and set a $115.00 price target on the stock. in a report on Tuesday, August 9th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Aon PLC currently has an average rating of “Hold” and an average target price of $108.67.
The company has a 50 day moving average of $109.92 and a 200-day moving average of $105.40. The company has a market capitalization of $29.77 billion and a PE ratio of 21.11.
Aon PLC (NYSE:AON) last released its earnings results on Friday, July 29th. The company reported $1.39 EPS for the quarter, hitting the consensus estimate of $1.39. During the same period last year, the firm posted $1.31 EPS. The company earned $2.80 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Aon PLC’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities analysts predict that Aon PLC will post $6.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, July 28th.
In other news, CEO Stephen P. Mcgill sold 46,698 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $108.41, for a total value of $5,062,530.18. Following the transaction, the chief executive officer now owns 252,071 shares of the company’s stock, valued at $27,327,017.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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