Aon PLC (AON) Hits New 52-Week High at $142.90
Aon PLC (NYSE:AON) reached a new 52-week high during trading on Friday . The stock traded as high as $142.90 and last traded at $142.90, with a volume of 610,088 shares trading hands. The stock had previously closed at $138.61.
Several equities research analysts have commented on AON shares. UBS AG restated a “neutral” rating and issued a $133.00 target price (up previously from $125.00) on shares of Aon PLC in a research note on Friday, May 12th. Deutsche Bank AG boosted their target price on Aon PLC from $108.00 to $113.00 and gave the company a “hold” rating in a research note on Friday, May 12th. Zacks Investment Research upgraded Aon PLC from a “hold” rating to a “buy” rating and set a $146.00 target price on the stock in a research note on Tuesday, May 30th. Jefferies Group LLC restated a “buy” rating and issued a $146.00 target price on shares of Aon PLC in a research note on Friday, June 16th. Finally, Janney Montgomery Scott cut Aon PLC from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $139.00.
The firm has a 50-day moving average of $138.74 and a 200-day moving average of $128.39. The company has a market cap of $36.27 billion, a PE ratio of 20.83 and a beta of 1.02.
Aon PLC (NYSE:AON) last issued its quarterly earnings results on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.45. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.37 billion. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. Aon PLC’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company posted $1.39 earnings per share. On average, equities research analysts forecast that Aon PLC will post $6.50 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were issued a dividend of $0.36 per share. The ex-dividend date was Friday, July 28th. This represents a $1.44 dividend on an annualized basis and a yield of 1.04%. Aon PLC’s dividend payout ratio (DPR) is currently 20.48%.
A number of institutional investors have recently modified their holdings of AON. Parallel Advisors LLC lifted its holdings in Aon PLC by 16.7% during the second quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 106 shares during the period. FNY Partners Fund LP bought a new stake in Aon PLC during the first quarter worth $106,000. Fiduciary Trust Co. bought a new stake in Aon PLC during the second quarter worth $108,000. Magellan Asset Management Ltd lifted its holdings in Aon PLC by 110.2% during the second quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 444 shares during the period. Finally, Pinnacle Financial Partners Inc. bought a new stake in Aon PLC during the second quarter worth $126,000. Institutional investors and hedge funds own 84.32% of the company’s stock.
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About Aon PLC
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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