In yesterday’s Wall Street session, Aon plc (NYSE:AON) shares traded at $317.32, down -1.88% from the previous session.
21 analysts cover Aon plc (NYSE:AON), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $380.00 and a low of $305.00, we find $335.00. Given the previous closing price of $323.39, this indicates a potential upside of 3.59 percent. AON stock price is now -3.13% away from the 50-day moving average and 1.39% away from the 200-day moving average. The market capitalization of the company currently stands at $68.31B.
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The stock has received a hold rating from 16 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $337.71 as their price target over the next twelve months.
With the price target of $340, Morgan Stanley recently initiated with Equal-Weight rating for Aon plc (NYSE: AON).
In other news, Andersen Eric, President sold 7,500 shares of the company’s stock on May 09. The stock was sold for $2,516,662 at an average price of $335.55. Upon completion of the transaction, the President now directly owns 144,164 shares in the company, valued at $45.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21, Chief Financial Officer Davies Christa sold 20,528 shares of the business’s stock. A total of $6,263,316 was realized by selling the stock at an average price of $305.11. This leaves the insider owning 179,571 shares of the company worth $56.98 million. Insiders disposed of 422,332 shares of company stock worth roughly $134.01 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AON stock. A new stake in Aon plc shares was purchased by C WORLDWIDE GROUP HOLDING A/S during the first quarter worth $249,820,000. ORIBEL CAPITAL MANAGEMENT, LP invested $39,887,000 in shares of AON during the first quarter. In the first quarter, NATIXIS INVESTMENT MANAGERS INTERNATIONAL acquired a new stake in Aon plc valued at approximately $29,971,000. AVALON TRUST CO acquired a new stake in AON for approximately $15,869,000. PORTSIDE WEALTH GROUP, LLC purchased a new stake in AON valued at around $11,035,000 in the second quarter. In total, there are 1,431 active investors with 89.60% ownership of the company’s stock.
On Thursday morning Aon plc (NYSE: AON) stock kicked off with the opening price of $320.78. During the past 12 months, Aon plc has had a low of $266.35 and a high of $347.37. According to the stock market information, the enterprise value for the company is $68.33B, which is based on a 25.45 price-to-earnings ratio, a 2.77 price-to-earnings-growth ratio, and a beta of 0.90. The fifty day moving average price for AON is $327.42 and a two-hundred day moving average price translates $313.20 for the stock.
The latest earnings results from Aon plc (NYSE: AON) was released for Jun, 2023. The company reported revenue of $3.18 billion for the quarter, compared to $2.98 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.5 percent.
Moreover, the firm recently paid out its quarterly dividend on 08/15/2023. Investors who held shares on 08/01/2023 were paid a $0.615 dividend. On an annualized basis, this represents a $2.46 dividend and a 0.78% percent yield. There was an ex-dividend date of 07/31/2023 for this dividend. In terms of dividend payout ratio, AON is presently at 13.40%.
Aon plc(AON) Company Profile
Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges. The company also provides treaty and facultative reinsurance, as well as insurance-linked securities, capital raising, strategic advice, restructuring, and mergers and acquisitions services; and corporate finance advisory services. In addition, it offers strategic design consulting services on their retirement programs, actuarial services, and risk management services; advice services on developing and maintaining investment programs across a range of plan types, including defined benefit plans, defined contribution plans, endowments, and foundations for public and private companies, and other institutions; and advice and solutions that help clients in risk, health, and wealth through commercial risk, reinsurance, health, and wealth solutions. Aon plc was founded in 1919 and is headquartered in Dublin, Ireland.
