Aon PLC (AON) Sets New 52-Week High at $111.62
Aon PLC (NYSE:AON) hit a new 52-week high during trading on Monday . The company traded as high as $111.62 and last traded at $111.48, with a volume of 320,322 shares trading hands. The stock had previously closed at $110.03.
Several equities research analysts have issued reports on AON shares. Zacks Investment Research raised shares of Aon PLC from a “sell” rating to a “hold” rating in a research note on Thursday. MKM Partners cut shares of Aon PLC from a “buy” rating to a “neutral” rating and set a $115.00 price target on the stock. in a research note on Tuesday, August 9th. They noted that the move was a valuation call. Langen Mcalenn reaffirmed a “buy” rating on shares of Aon PLC in a research note on Tuesday, August 2nd. Credit Suisse Group AG reaffirmed a “sell” rating on shares of Aon PLC in a research note on Monday, August 1st. Finally, Jefferies Group raised their price target on shares of Aon PLC from $120.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $108.67.
The stock has a market cap of $29.60 billion and a P/E ratio of 20.98. The stock’s 50 day moving average price is $109.85 and its 200-day moving average price is $105.19.
Aon PLC (NYSE:AON) last issued its quarterly earnings results on Friday, July 29th. The company reported $1.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.39. During the same period in the prior year, the business posted $1.31 EPS. The company earned $2.80 billion during the quarter, compared to analysts’ expectations of $2.85 billion. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts forecast that Aon PLC will post $6.53 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were paid a $0.33 dividend. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $1.32 dividend on an annualized basis and a yield of 1.18%.
In related news, CEO Stephen P. Mcgill sold 46,698 shares of Aon PLC stock in a transaction dated Tuesday, August 2nd. The stock was 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 approximately $27,327,017.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
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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