The stock of Aon plc (NYSE:AON) increased by $3.79 on Friday to finish at $320.80, up 1.20 percent. The last five days have seen an average of 824,020 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $20.66. The average number of shares traded over the last 20 days was 951,715, while the average volume over the last 50 days totaled 850,302.
AON stock dropped -4.76% since last month. On 08/08/23, the company’s shares reached a one-month low of $313.02. The stock touched a high of $347.37 on 06/30/23, after rallying from a low of $266.35 in 52 weeks. The price of AON stock has risen by 6.88% or $20.66 this year, reaching a new high 20 times. Still, the stock price is down -7.65% from the 52-week high.
Insider Transactions
AON stock investors should be aware that Aon plc (AON) stock had its last reported insider trading activity 97 days ago on May 09. On May 09, President Andersen Eric sold 7,500 shares at $335.55 each. This transaction resulted in the insider making $2,516,662. On Feb 21, Davies Christa sold 20,528 shares at a price of US$305.11. After the transaction, the insider now owns 179,571 shares. Chief Financial Officer Davies Christa had earlier sold 51,244 shares on Feb 17 for $310.14 a share. The transaction was completed for $15,893,054.
Valuation Metrics
Aon plc (AON) has a trailing price-to-earnings (P/E) ratio of 24.97. Beta for the stock is 0.90. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.00, and the price-to-cash flow ratio of 21.27.
Company paid $0.6150 per share in dividends, remained unchanged from $0.6150 last year. A $0.0550 dividend increase was reported on Friday April 14 2023.
Financial Health
For the three months ended June 29, Aon plc’s quick ratio was 1.10, while its current ratio was 1.10, indicating its ability to pay off its debt. Aon plc’s operating margin stood at 28.90% for the same period. Based on annual data, it had gross profit of $3.16 billion and revenue of $12.48 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AON’s return on assets (ROA) during the last 12 months has been 7.80%. There was a 31.20% return on investment (ROI) in the past year.
Earnings Surprise
According to Aon plc’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.18 billion, while revenues rose by 6.1% to $3.88 billion. It was predicted that Aon plc’s quarterly earnings would be $2.76, but it ended up being $2.84, beating the consensus by -2.80%. EBITDA was $906.0 million for the quarter. At the end of Aon plc’s most recent quarter ended June 29, its total debt was $12.2 billion. Equity owned by shareholders amounts to $202.87 million.
Technical Picture
Here’s a quick look at Aon plc’s (AON) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 44.93%, suggesting the stock is Neutral, with a 17.14% historical volatility rate.
The stochastic %K and %D were 16.68% and 12.00% respectively, while the average true range (ATR) was 6.00. Based on the 14-day stochastic reading of 24.96%, the RSI (14) reading is 43.90%. On the 9-day MACD Oscillator, the stock is at 0.18, and the 14-day reading is at -4.79.
Analyst Ratings
In its analyst report released on June 20, 2023, Morgan Stanley began covering Aon plc (NYSE: AON). The stock was rated as an Equal-weight by the brokerage firm. Analysts have assigned Aon plc (AON) an Hold rating. AON is a stock that is recommended for selling by 2 brokerage firms, while 16 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is AON’s price target for the next 12 months?
The current consensus forecast for the stock is between $305.00 and $380.00, with a median target price of $335.00. In analyzing these forecasts, the average price target given by analysts for Aon plc (AON) is $337.71.
