Aon PLC (NYSE:AON) hit a new 52-week high on Tuesday . The company traded as high as $156.88 and last traded at $155.70, with a volume of 36484 shares trading hands. The stock had previously closed at $156.27.
A number of brokerages have recently weighed in on AON. Zacks Investment Research cut AON from a “buy” rating to a “hold” rating in a research note on Friday, July 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $164.00 price objective on shares of AON in a research note on Sunday, July 29th. Credit Suisse Group began coverage on AON in a research note on Tuesday, August 7th. They issued a “neutral” rating and a $154.00 price objective for the company. Finally, Raymond James raised AON from an “underperform” rating to an “outperform” rating in a research note on Tuesday. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $155.13.
The firm has a market cap of $37.65 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 1.66 and a beta of 1.04. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.23.
AON (NYSE:AON) last released its earnings results on Friday, July 27th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.08. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. AON had a return on equity of 42.17% and a net margin of 7.41%. AON’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $1.45 earnings per share. analysts expect that Aon PLC will post 8.06 EPS for the current fiscal year.
In related news, CEO Caroline Grace sold 4,000 shares of AON stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $155.00, for a total value of $620,000.00. Following the completion of the transaction, the chief executive officer now directly owns 45,796 shares in the company, valued at $7,098,380. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Neller sold 750 shares of AON stock in a transaction on Monday, August 20th. The shares were sold at an average price of $143.58, for a total value of $107,685.00. Following the completion of the transaction, the insider now owns 787 shares of the company’s stock, valued at $112,997.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,750 shares of company stock valued at $1,327,685. 0.42% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Global X Management Co LLC boosted its holdings in AON by 11.1% in the second quarter. Global X Management Co LLC now owns 3,835 shares of the financial services provider’s stock valued at $526,000 after purchasing an additional 383 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in AON by 0.9% in the second quarter. Nomura Asset Management Co. Ltd. now owns 42,278 shares of the financial services provider’s stock valued at $5,800,000 after purchasing an additional 390 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co boosted its holdings in AON by 50.0% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,200 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 400 shares during the period. Impax Asset Management LLC boosted its holdings in AON by 16.4% in the first quarter. Impax Asset Management LLC now owns 2,879 shares of the financial services provider’s stock valued at $404,000 after purchasing an additional 405 shares during the period. Finally, Creative Planning boosted its holdings in AON by 9.4% in the second quarter. Creative Planning now owns 5,552 shares of the financial services provider’s stock valued at $762,000 after purchasing an additional 476 shares during the period. Hedge funds and other institutional investors own 83.38% of the company’s stock.
About AON (NYSE:AON)
Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.
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