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- 1 AON Stock price declined by over 0.40% weekly, despite a 10.10% surge monthly.
- 2 Aon PLC reported positive revenue in Q1 2023; EPS reflects sharp decline.
Aon PLC ( NYSE: AON) Stock price shed $1.96. AON opened trading at $333.52, lowering at $330.16; it bounced back and hit a high of $334.71 and closed trading at $331.43 with the trading volume of 3.128 Million.
Since the last one, AON’s price reflected a steep decline of -0.48%, although the stock seems profitable in all other trading ranges. In a month, prices of AON Stock surged 5.76%, and an upper movement of 10.10% was seen through the quarter.
It is important to note that AON Stock bypassed its annual trading price target of $333.06 in the last trading session. After analyzing the stock’s technical aspects, the ongoing movement will likely prove profitable for investors in the long term.
TradingView says more than 201.880 Million AON Shares are free-floating, and 2.36 Million shares are closely held by the company’s early supporters or board members.
The revenue-to-profit conversion of the company constitutes 31% EBITDA, 29% EBIT, and 21% net income. The overall market capitalization of Aon PLC is $67.693 Billion, with an average trading volume of 759.33K.
In 52 weeks, AON Stock’s lowest traded value was $262.42, and the highest traded price was $338.27. As per data for 2022, the company’s overall debt was $11.68 Billion, and Cash & Equivalents was $690.00 Million.
Aon PLC (NYSE: AON) Earning and Revenue
In Q1 2023, Aon PLC reported +0.68% more revenue than the estimated figures; the estimated figures for Q1 were $3.84 Billion. Per the analyst predictions, Aon PLC is supposed to report $3.17 Billion in revenue in Q2.
Earning Per Share (EPS) fell by over -2.65% compared to the estimated figures. In Q1, the company’s net income was $1.05 Billion, and its profit margin was 27.12%.
Aon PLC generates revenue by providing services such as Commercial Risk Solutions, Health Solutions, Reinsurance Solutions, and Wealth Solutions. It operates in Ireland, the Middle East, Europe, Africa, the United Kingdom, and Asia Pacific.
AON Shares are majorly held by 1,123 institutional holders, including Vanguard Group Inc, Blackrock Inc, Capital World Investors, State Street Corp, Capital International Investors, Morgan Stanley, Bank of America, North Trust Corp, Mawer Investment Management and Geode Capital Management, LLC.
As per Crunchbase data, Aon PLC raised $942.6 Million in funding and was supported by Berkshire Hathaway, a company owned by centi-billionaire Warren Buffett and his partners.
Aon PLC acquired over ten companies, including ERN, RPC Tyche, Willis Tower Watson, Balto Link, The Townsend Group, CoverWallet, Cytelligence, and Cut-e. It has significantly invested in Yield Engineering System, Leia, Anonos, Rznomics, Embr Labs, and many more.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
