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TD Cowen initates Aon plc. (AON) stock to an Outperform

Aon plc.’s filing revealed that its Chief People Officer Stevens Lisa unloaded Company’s shares for reported $99690.0 on Mar 06 ’24. In the deal valued at $316.31 per share,315 shares were sold. As a result of this transaction, Stevens Lisa now holds 9,723 shares worth roughly $2.97 million.

Then, Andersen Eric sold 5,500 shares, generating $1,725,568 in total proceeds. Upon selling the shares at $313.74, the President now owns 164,618 shares.

Before that, Stevens Lisa sold 13,000 shares. Aon plc. shares valued at $4,098,380 were divested by the Chief People Officer at a price of $315.26 per share. As a result of the transaction, Stevens Lisa now holds 10,073 shares, worth roughly $3.07 million.

TD Cowen initiated its Aon plc. [AON] rating to an Outperform in a research note published on January 10, 2024; the price target was $390. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Overweight”. Keefe Bruyette also remained covering AON and has decreased its forecast on December 15, 2023 with a “an Underperform” recommendation from previously “Mkt perform” rating. Wells Fargo revised its rating on October 30, 2023. It rated AON as “an Underweight” which previously was an “an Equal weight”.

Price Performance Review of AON

On Monday, Aon plc. [NYSE:AON] saw its stock fall -0.92% to $305.18. Over the last five days, the stock has lost -4.58%. Aon plc. shares have risen nearly 4.87% since the year began. Nevertheless, the stocks have fallen -6.10% over the past one year. While a 52-week high of $347.37 was reached on 03/28/24, a 52-week low of $284.85 was recorded on 01/05/24. SMA at 50 days reached $316.54, while 200 days put it at $320.53. A total of 0.92 million shares were traded, compared to the trading of 0.74 million shares in the previous session.

Levels Of Support And Resistance For AON Stock

The 24-hour chart illustrates a support level at 302.62, which if violated will result in even more drops to 300.05. On the upside, there is a resistance level at 309.92. A further resistance level may holdings at 314.66. The Relative Strength Index (RSI) on the 14-day chart is 31.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.77%. Stochastics %K at 1.96% indicates the stock is a buying.

The most recent change occurred on October 05, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $361 price target.

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