AON (NYSE:AON) Hits New 52-Week Low – Here’s What Happened

Aon plc (NYSE:AON) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $309.13 and last traded at $309.6690, with a volume of 3883027 shares trading hands. The stock had previously closed at $342.04.

Analysts Set New Price Targets

AON has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $395.00 target price on shares of AON in a research report on Wednesday, January 7th. Evercore reiterated an “outperform” rating and set a $436.00 price objective on shares of AON in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods upped their target price on AON from $410.00 to $416.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of AON in a research note on Monday, December 29th. Finally, Mizuho set a $398.00 price objective on AON in a research note on Tuesday, February 3rd. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, AON currently has a consensus rating of “Moderate Buy” and an average target price of $409.75.

AON Stock Down 9.5%

The company has a debt-to-equity ratio of 1.55, a current ratio of 2.03 and a quick ratio of 1.35. The stock has a market capitalization of $66.56 billion, a P/E ratio of 18.19, a PEG ratio of 1.75 and a beta of 0.83. The stock’s fifty day moving average is $346.58 and its two-hundred day moving average is $353.09.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, January 30th. The financial services provider reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.75 by $0.10. The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.38 billion. AON had a return on equity of 45.23% and a net margin of 21.51%.The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.42 EPS. As a group, research analysts predict that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, February 2nd. AON’s payout ratio is presently 17.51%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Westside Investment Management Inc. raised its holdings in shares of AON by 100.0% during the third quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 35 shares during the period. Wealth Watch Advisors INC purchased a new position in AON during the 3rd quarter worth approximately $25,000. Heartwood Wealth Advisors LLC acquired a new stake in AON during the 3rd quarter valued at $29,000. Eagle Bay Advisors LLC purchased a new stake in shares of AON in the fourth quarter valued at $30,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of AON in the second quarter worth $31,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.