Aon Plc Reaches New 52-Week High (AON)

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NEW YORK ( TheStreet) -- Aon plc (NYSE: AON) hit a new 52-week high Wednesday as it is currently trading at $52.62, above its previous 52-week high of $52.61 with 185,888 shares traded as of 10 a.m. ET. Average volume has been 1.9 million shares over the past 30 days.

Aon plc has a market cap of $16.59 billion and is part of the financial sector and insurance industry. Shares are up 5.2% year to date as of the close of trading on Tuesday.

Aon Corporation provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services primarily in the United States, the Americas, the United Kingdom, Europe, the Middle East, Africa, and the Asia Pacific. The company has a P/E ratio of 17.2, below the average insurance industry P/E ratio of 18.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Aon plc as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Aon plc Ratings Report.

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