Janus Henderson Group PLC Increases Stock Position in Aon plc $AON

Janus Henderson Group PLC lifted its position in shares of Aon plc (NYSE:AON) by 9.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,747 shares of the financial services provider’s stock after buying an additional 2,396 shares during the period. Janus Henderson Group PLC’s holdings in AON were worth $8,635,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Watch Advisors INC purchased a new stake in AON during the third quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of AON in the 4th quarter worth about $27,000. Kemnay Advisory Services Inc. acquired a new position in shares of AON in the 4th quarter valued at about $29,000. Eagle Bay Advisors LLC purchased a new stake in shares of AON during the 4th quarter worth about $30,000. Finally, Strive Asset Management LLC acquired a new stake in AON during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity

In related news, General Counsel Darren Zeidel sold 1,900 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $377.76, for a total value of $717,744.00. Following the transaction, the general counsel owned 11,504 shares in the company, valued at approximately $4,345,751.04. The trade was a 14.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 4,450 shares of company stock worth $1,659,242 over the last 90 days. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on AON shares. UBS Group lifted their price target on shares of AON from $383.00 to $387.00 and gave the company a “neutral” rating in a research report on Monday. Mizuho raised their target price on shares of AON from $426.00 to $437.00 and gave the company an “outperform” rating in a research note on Monday. Weiss Ratings restated a “hold (c)” rating on shares of AON in a report on Friday, July 17th. Cantor Fitzgerald upped their price target on shares of AON from $416.00 to $445.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Finally, Morgan Stanley raised their price objective on AON from $370.00 to $380.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $410.75.

AON Trading Up 0.8%

NYSE AON opened at $359.40 on Thursday. The stock has a market cap of $76.24 billion, a P/E ratio of 19.81, a PEG ratio of 1.84 and a beta of 0.69. The company’s fifty day simple moving average is $343.43 and its 200-day simple moving average is $332.22. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.34. Aon plc has a 52 week low of $304.59 and a 52 week high of $382.34.

AON (NYSE:AON) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share for the quarter, beating analysts’ consensus estimates of $3.80 by $0.01. AON had a net margin of 22.27% and a return on equity of 42.13%. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same period last year, the business earned $3.49 EPS. The business’s revenue was up 2.2% on a year-over-year basis. Equities research analysts predict that Aon plc will post 19.06 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 3rd. AON’s payout ratio is presently 18.08%.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.