Capital Research & Management Co has recently announced that it has increased stake in Aon plc. (NYSE:AON) by 1.89%. After grabbing 9.78 million shares, the institutional investor is now in possession of 0.18 million shares of the Financial Company. The new investment brought the stake of investor firm to 4.88% having worth around $3.21 billion. Moreover, Lazard Asset Management LLC increased its share by 50290.0 to have a control over 4.48 million shares.
Aon plc. (AON) concluded trading on 12/21/23 at a closing price of $288.19, with 2.05 million shares of worth about $590.37 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.05% during that period and on Thursday the price saw a loss of about -2.02%. Currently the company’s common shares owned by public are about 205.40M shares, out of which, 197.84M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 112 times over the past 12 months. They bought 425,096 shares in 51 of the transactions. In 61 selling transactions, insiders dumped 260,765 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and MFS Value Fund are the top 3 mutual funds which are holding stakes in Aon plc. Vanguard Total Stock Market ETF is currently holding 6.03 million shares of worth totaling $1.98 billion. The company recently came buying 27996.0 shares which brought its stake up to 3.01% of the company’s outstanding shares. Vanguard 500 Index Fund bought 22888.0 shares, after which its hold over company’s outstanding shares expand to 2.45%, leaving 4.9 million shares with the mutual fund that have a worth of about $1.61 billion. MFS Value Fund, after selling 4.42 million shares, have now control over 2.21% of the stake in the company. It holds 24235.0 shares of worth $1.45 billion.
Aon plc. (NYSE: AON) started trading at $292.43, below -$1.69 from concluding price of the previous day. However, the stock later moved at a day high price of 295.05, or with a loss of -2.02%. Stock saw a price change of -9.38% in past 5 days and over the past one month there was a price change of -11.58%. Year-to-date (YTD), AON shares are showing a performance of -3.98% which decreased to -3.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $280.89 but also hit the highest price of $347.37 during that period. The average intraday trading volume for Aon plc. shares is 903.64K. The stock is currently trading -10.61% below its 20-day simple moving average (SMA20), while that difference is down -10.81% for SMA50 and it goes to -11.11% lower than SMA200.
Capital Research & Management Co acquired 9.78 million shares of Aon plc. having value of about $3.21 billion. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 0.18 million shares in the company valued at close to $52375650.6, or have control over 1.89% stake in the company. Aon plc. (NYSE: AON) currently have 205.40M outstanding shares and institutions hold larger chunk of about 88.60% of that. Holding of mutual funds in the company is about 39.28% while other institutional holders and individual stake holders have control over 50.04% and 1.26% of the stake respectively.
The stock has a current market capitalization of $57.70B and its 3Y-monthly beta is at 0.88. PE ratio of stock for trailing 12 months is 21.91, while it has posted earnings per share of $13.15 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AON, volatility over the week remained 2.29% while standing at 1.83% over the month.
Analysts are in expectations that Aon plc. (AON) stock would likely to be making an EPS of $4.09 in the current quarter, while forecast for next quarter EPS is $5.84 and it is $16.29 for next year. For the current quarter EPS, analysts have given the company a lowest target $3.91 which is $4.29 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $3.89 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 6.99% while it is estimated to increase by 13.11% in next year. EPS is likely to shrink at an annualized rate of 11.20% for next 5-years, compared to annual growth of 47.92% made by the stock over the past 5-years.
Analysts at 19 brokerage firms have issued recommendations for the Aon plc. (AON)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.32. Out of those 19 Wall Street analysts, 2 recommended a “Buy” rating, while 11 were in favor recommending the stock as a “Hold” and 4 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Keefe Bruyette on December 15, 2023 offering an Underperform rating for the stock and assigned a target price of $328 to it.
