AON (NYSE:AON) Sets New 12-Month High - Here's Why

Aon plc (NYSE:AON - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $411.85 and last traded at $411.94, with a volume of 52326 shares traded. The stock had previously closed at $409.12.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AON. Barclays lifted their target price on shares of AON from $394.00 to $440.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods boosted their price objective on shares of AON from $411.00 to $414.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. increased their price target on shares of AON from $379.00 to $394.00 and gave the company an "overweight" rating in a research report on Friday, January 3rd. Piper Sandler upped their price objective on shares of AON from $372.00 to $384.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company increased their price target on shares of AON from $410.00 to $445.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, AON has a consensus rating of "Hold" and a consensus price target of $386.21.

AON Stock Down 0.1 %

The business has a fifty day simple moving average of $375.61 and a two-hundred day simple moving average of $365.91. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a market cap of $87.30 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter in the prior year, the business posted $3.89 earnings per share. As a group, equities research analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.67%. The ex-dividend date was Monday, February 3rd. AON's payout ratio is 21.33%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AON. Norges Bank acquired a new position in shares of AON in the fourth quarter valued at approximately $596,665,000. Diamond Hill Capital Management Inc. purchased a new stake in AON during the third quarter worth $336,375,000. Artisan Partners Limited Partnership boosted its stake in shares of AON by 86.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,067,551 shares of the financial services provider's stock valued at $742,582,000 after acquiring an additional 960,204 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of AON by 334.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider's stock valued at $363,475,000 after acquiring an additional 808,990 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in AON by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 4,949,919 shares of the financial services provider's stock worth $1,773,165,000 after buying an additional 627,742 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.