NEW YORK ( TheStreet) -- Aon (NYSE: AON) hit a new 52-week high Friday as it traded at $52.09 compared with its previous 52-Week high of $52.07. Aon is changing hands at $52.06 with 557,361 shares traded as of 10:52 a.m. ET. Average volume has been 2.3 million shares over the past 30 days. Aon has a market cap of $16.6 billion and is part of the financial sector and insurance industry. Shares are up 12.6% year to date as of the close of trading on Thursday.

Aon Corporation provides risk and insurance brokerage services and consulting services worldwide. The company has a P/E ratio of 16.4, below the average insurance industry P/E ratio of 21.9 and below the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Aon as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Aon Ratings Report.

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