Aon plc. (NYSE:AON) saw a downside of -0.65% to close Friday at $336.02 after subtracting -$2.19 on the day. The 5-day average trading volume is 605,080 shares of the company’s common stock. It has gained $344.68 in the past week and touched a new high 3 times within the past 5 days. An average of 668,560 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 773,902.
AON’s 1-month performance is 3.12% or $12.56 on its low of $322.95 reached on 08/24/23. The company’s shares have touched a 52-week low of $266.35 and high of $347.37, with the stock’s rally to the 52-week high happening on 06/30/23. YTD, AON has achieved 11.95% or $35.88 and has reached a new high 20 times. However, the current price is down -3.27% from the 52-week high price.
Insider Transactions
AON stock investors last saw insider trading activity on Aug 23.Andersen Eric (President) most recently sold 7,500 shares at $335.55 per share on May 09. This transaction cost the insider $2,516,662. Chief Financial Officer, Davies Christa, sold 20,528 shares at a price of $305.11 on Feb 21. Then, on Feb 17, Chief Financial Officer Davies Christa sold 51,244 shares at a price of $310.14 per share. This transaction amounted to $15,893,054.
Valuation Metrics
AON stock has a beta of 0.88. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.30 while the price-to-book (PB) in the most recent quarter is 1050.46, with the price to cash flow ratio at 23.14.
As well, the company’s long term debt to equity for the quarter ending June 29 was 164.35, while the total debt to equity was 187.77. The firm’s gross profit as reported stood at $3.16 billion against revenue of $12.48 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 10.54% to $560.0 million, while revenue of $1.05 billion was -87.5% off the previous quarter. Analysts expected AON to announce $2.84 per share in earnings in its latest quarter, but it posted $2.76, representing a -2.80% surprise. EBITDA for the quarter stood at more than $906.0 million. Shareholders hold equity totaling $202.87 million.
Let’s look briefly at Aon plc. (AON) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 51.44% to suggest the stock is trending Neutral, with historical volatility in this time period at 11.56%.
The stock’s 5-day moving average is $339.39, reflecting a -0.04% or -$0.14 change from its current price. AON is currently trading +2.75% above its 20-day SMA, +3.89% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.25% and SMA200 by+8.84%.
Stochastic %K and %D was 65.18% and 77.93% and the average true range (ATR) pointed at 4.71. The RSI (14) points at 54.16%, while the 14-day stochastic is at 49.15% with the period’s ATR at 4.82. The stock’s 9-day MACD Oscillator is pointing at 0.73 and 2.73 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Aon plc. (NYSE: AON), Morgan Stanley launched coverage with an Equal-weight rating. Analysts offering their rating for AON stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate AON as a “sell,”, while 16 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is AON’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $317.00 and a high of $380.00, with their median price target at $335.00. Looking at these predictions, the average price target given by analysts is for Aon plc. (AON) stock is $338.59.
