AON (NYSE:AON) Sets New 12-Month High – Should You Buy?

Aon plc (NYSE:AON) shares reached a new 52-week high during trading on Monday . The stock traded as high as $390.32 and last traded at $390.32, with a volume of 82381 shares. The stock had previously closed at $386.21.

Analysts Set New Price Targets

A number of research firms have issued reports on AON. Deutsche Bank Aktiengesellschaft increased their price target on AON from $311.00 to $353.00 and gave the company a “hold” rating in a research report on Monday, August 26th. Bank of America increased their price objective on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Jefferies Financial Group lifted their price objective on shares of AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $335.00 price target on shares of AON in a research note on Monday, August 5th. Finally, TD Cowen upped their price objective on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $362.06.

AON Price Performance

The company has a market capitalization of $85.08 billion, a price-to-earnings ratio of 32.93, a P/E/G ratio of 2.44 and a beta of 0.91. The company has a fifty day simple moving average of $364.06 and a two-hundred day simple moving average of $329.34. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, November 1st. AON’s payout ratio is currently 22.78%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AON. Y.D. More Investments Ltd purchased a new position in shares of AON in the 2nd quarter valued at $31,000. Anchor Investment Management LLC grew its stake in shares of AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after buying an additional 93 shares in the last quarter. First Personal Financial Services acquired a new position in AON during the 3rd quarter worth approximately $37,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of AON during the third quarter valued at approximately $42,000. Finally, Eastern Bank purchased a new position in shares of AON in the third quarter valued at $43,000. 86.14% of the stock is owned by institutional investors and hedge funds.

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.