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Why Aon plc (AON) Stock Could See Much Higher Prices Ahead

Aon plc (NYSE: AON) is 30.33% higher on its value in year-to-date trading and has touched a low of $268.06 and a high of $389.21 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AON stock was last observed hovering at around $376.33 in the last trading session, with the day’s gains setting it 2.96%.

Currently trading at $379.29, the stock is 2.01% and 5.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.79 million and changing 0.79% at the moment leaves the stock 18.01% off its SMA200. AON registered 15.04% gain for a year compared to 6-month gain of 29.69%. The firm has a 50-day simple moving average (SMA 50) of $359.1164 and a 200-day simple moving average (SMA200) of $321.41095.

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The stock witnessed a 5.73% loss in the last 1 month and extending the period to 3 months gives it a 13.43%, and is -1.17% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.58% over the week and 1.66% over the month.

Aon plc (AON) has around 50000 employees, a market worth around $82.67B and $15.01B in sales. Current P/E ratio is 32.02 and Fwd P/E is 21.80. Profit margin for the company is 16.23%. Distance from 52-week low is 41.49% and -2.55% from its 52-week high. The company has generated returns on investments over the last 12 months (10.13%).

with sales reaching $4.21B over the same period.The EPS is expected to grow by 9.17% this year, but quarterly earnings will post 17.78% year-over-year. Quarterly sales are estimated to grow 24.74% in year-over-year returns.

Aon plc (AON) Top Institutional Holders

1562.0 institutions hold shares in Aon plc (AON), with institutional investors hold 91.26% of the company’s shares. The shares outstanding are 216.27M, and float is at 209.39M with Short Float at 2.24%. Institutions hold 88.49% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 19.31 million shares valued at $5.67 billion. The investor’s holdings represent 9.6975% of the AON Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 15.27 million shares valued at $4.48 billion to account for 7.6677 of the shares outstanding. The other top investors are MASSACHUSETTS FINANCIAL SERVICES CO /MA/ which holds 12.55 million shares representing 6.3047% and valued at over $3.69 billion, while CAPITAL WORLD INVESTORS holds 6.0456 of the shares totaling 12.04 million with a market value of $3.53 billion.

Aon plc (AON) Insider Activity

The most recent transaction is an insider purchase by Spruell Byron, the company’s Director. SEC filings show that Spruell Byron bought 725 shares of the company’s common stock on Aug 28 ’24 at a price of $340.08 per share for a total of $0.25 million. Following the purchase, the insider now owns 5303.0 shares.

Aon plc disclosed in a document filed with the SEC on Aug 12 ’24 that Stevens Lisa (Chief Administrative Officer) sold a total of 400 shares of the company’s common stock. The trade occurred on Aug 12 ’24 and was made at $328.95 per share for $0.13 million. Following the transaction, the insider now directly holds 9352.0 shares of the AON stock.

Still, SEC filings show that on Aug 12 ’24, Zeidel Darren (General Counsel) disposed off 950 shares at an average price of $329.14 for $0.31 million. The insider now directly holds 23,484 shares of Aon plc (AON).

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