AON (NYSE:AON) Reaches New 1-Year Low at $268.06

Aon plc (NYSE:AON - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $268.06 and last traded at $277.16, with a volume of 730889 shares traded. The stock had previously closed at $306.00.

Analyst Ratings Changes

AON has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on AON from $318.00 to $353.00 and gave the stock an "overweight" rating in a report on Monday, April 8th. Morgan Stanley lifted their target price on AON from $325.00 to $327.00 and gave the stock an "equal weight" rating in a report on Monday, April 15th. TD Cowen assumed coverage on AON in a report on Wednesday, January 10th. They set an "outperform" rating and a $390.00 price target on the stock. Piper Sandler lifted their price target on AON from $306.00 to $326.00 and gave the company a "neutral" rating in a report on Monday, February 12th. Finally, UBS Group lowered their price target on AON from $333.00 to $308.00 and set a "neutral" rating on the stock in a report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, AON has a consensus rating of "Hold" and a consensus target price of $334.69.

AON Stock Performance

The company has a market capitalization of $56.75 billion, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 1.87 and a beta of 0.86. The firm has a 50 day moving average price of $317.11 and a two-hundred day moving average price of $314.14.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings data on Friday, February 2nd. The financial services provider reported $3.89 earnings per share for the quarter, missing the consensus estimate of $4.07 by ($0.18). The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.36 billion. AON had a net margin of 19.17% and a negative return on equity of 1,150.40%. The company's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.89 earnings per share. On average, equities analysts expect that Aon plc will post 15.82 earnings per share for the current year.

AON Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.675 per share. The ex-dividend date is Tuesday, April 30th. This is a positive change from AON's previous quarterly dividend of $0.62. This represents a $2.70 dividend on an annualized basis and a yield of 0.94%. AON's dividend payout ratio is 19.71%.

Insider Buying and Selling

In related news, insider Michael Neller sold 750 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $312.00, for a total transaction of $234,000.00. Following the sale, the insider now directly owns 3,869 shares in the company, valued at approximately $1,207,128. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other AON news, insider Michael Neller sold 750 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $312.00, for a total value of $234,000.00. Following the transaction, the insider now directly owns 3,869 shares in the company, valued at approximately $1,207,128. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lisa Stevens sold 13,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $315.26, for a total value of $4,098,380.00. Following the completion of the transaction, the insider now owns 10,073 shares in the company, valued at $3,175,613.98. The disclosure for this sale can be found here. Insiders have sold a total of 74,532 shares of company stock worth $23,335,805 in the last three months. Insiders own 1.15% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Cubic Asset Management LLC acquired a new stake in shares of AON during the fourth quarter worth $1,050,000. Cerity Partners LLC increased its holdings in AON by 177.4% in the fourth quarter. Cerity Partners LLC now owns 18,461 shares of the financial services provider's stock valued at $5,372,000 after purchasing an additional 11,806 shares during the last quarter. Oak Thistle LLC bought a new stake in AON in the fourth quarter valued at about $3,203,000. James Hambro & Partners increased its holdings in AON by 9.9% in the fourth quarter. James Hambro & Partners now owns 223,865 shares of the financial services provider's stock valued at $65,137,000 after purchasing an additional 20,239 shares during the last quarter. Finally, Pathstone Family Office LLC increased its holdings in AON by 45.1% in the third quarter. Pathstone Family Office LLC now owns 15,663 shares of the financial services provider's stock valued at $5,081,000 after purchasing an additional 4,872 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions 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.