Aon plc. (AON): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Q1 2024 Insurance Labor Market Study: Industry Enters Year with Cautious Optimism.

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Stocks Info

This NYSE-listed company operates within the Insurance Brokers industry segment, falling under the Financial sector. The current market capitalization of Aon plc. is $62.31B. A total of 0.59 million shares were traded on the day, compared to an average of 1.19M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, AON has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 23 BUYs and 23 SELLs from insiders. Insiders purchased 31,780 shares during that period but sold 12,136.

In the most recent transaction, Stevens Lisa sold 13,000 shares of AON for 315.26 per share on Feb 23. After the transaction, the Chief People Officer now owns 10,073 company shares. In a previous transaction on Feb 16, Davies Christa sold 40,164 shares at 313.29 per share. AON shares that Chief Financial Officer owns now total 159,570.

Among the insiders who sold shares, Neller Michael disposed of 750 shares on Feb 15 at a per-share price of $312.00. This resulted in the Principal Accounting Officer holding 3,869 shares of AON after the transaction. In another insider transaction, Davies Christa sold 20,618 shares at $311.40 per share on Feb 12. Company shares held by the Chief Financial Officer now total 159,570.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Aon plc. pays an annual dividend of $2.46, resulting in a dividend yield of 0.78%, and it has a price to earnings (P/E) ratio of 25.18. AON’s most recent ex-dividend date was 1/31/2024 when it declared a $0.6150 quarterly dividend that was paid in cash on 2/15/2024. Previously, the company paid the dividend on 11/15/2023 with an ex-dividend date of 10/31/2023. The AON stock dividend was $0.6150 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, AON has a high of $347.37 and a low of $280.89.

As of this writing, AON has an earnings estimate of $5.89 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $6.08 per share and a lower estimate of $5.65. The company reported an EPS of $2.32 in the last quarter, which was 5.00% higher than expectations of $2.21.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. AON’s latest balance sheet shows that the firm has $836.00M in Cash & Short Term Investments as of fiscal 2021. There were $10.42B in debt and $19.07B in liabilities at the time. Its Book Value Per Share was -$4.16, while its Total Shareholder’s Equity was $1.16B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AON is Buy with a score of 3.17.

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