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Aon plc (AON), headquartered in Dublin, Ireland, is a global professional services firm providing a broad spectrum of risk, retirement, and health solutions with a market cap of $75.72 billion. Competing with other major firms like Marsh & McLennan Companies, Inc. (MMC), Aon focuses on data-driven insights, client-centric strategies, and a commitment to delivering exceptional advisory and brokerage services.
Companies valued at $10 billion or more are classified as "large-cap" stocks, and Aon plc is a prime example of this, underscoring its considerable scale, stability, and influence within the global professional services sector. As a leading provider of risk, retirement, and health solutions, Aon's size reflects its extensive global presence, strong market position, and commitment to delivering value-driven services to its diverse client base.
AON shares are trading 1.2% below their 52-week high of $352.49, which they hit on Sep. 10. However, the stock has gained 18.1% over the past three months, outperforming the SPDR S&P Insurance ETF’s (KIE) 11.5% gain over the same time frame.
In the longer term, AON is up 19.7% on a YTD basis, and the shares have gained 4% over the past 52 weeks. The KIE has gained 22.3% in 2024 and 28.2% over the past year.
To confirm the bullish price action, AON has been trading above its 50-day moving average since late June and its 200-day moving average since late July.
On Jul. 26, Aon released its Q2 earnings report, leading to an 8% gain in its stock. The company exceeded analysts' revenue estimates but fell short on earnings, missing market expectations by 5.2%.
Highlighting the contrast in performance, rival MMC has outperformed AON, with a 21.4% gain on a YTD basis.
Despite AON's recent outperformance compared to its sector, analysts are cautious about its prospects. The stock has a consensus rating of "Hold" from 21 analysts in coverage. The mean price target is $344.31, which indicates that the stock trades at a premium.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
