Janus Henderson Group PLC Has $8.75 Million Stake in Aon plc (NYSE:AON)

Janus Henderson Group PLC trimmed its position in shares of Aon plc (NYSE:AON) by 12.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 24,371 shares of the financial services provider’s stock after selling 3,332 shares during the period. Janus Henderson Group PLC’s holdings in AON were worth $8,751,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Endeavor Private Wealth Inc. acquired a new stake in AON during the fourth quarter worth about $29,000. Richardson Financial Services Inc. grew its stake in AON by 2,025.0% during the fourth quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after buying an additional 81 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in AON during the fourth quarter worth about $32,000. Centricity Wealth Management LLC acquired a new stake in AON during the fourth quarter worth about $39,000. Finally, Kestra Investment Management LLC bought a new position in shares of AON in the fourth quarter worth about $39,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Jefferies Financial Group increased their target price on shares of AON from $396.00 to $416.00 and gave the stock a “hold” rating in a report on Friday, April 11th. The Goldman Sachs Group raised shares of AON from a “neutral” rating to a “buy” rating and set a $408.00 target price for the company in a report on Tuesday, May 13th. Redburn Partners set a $445.00 target price on shares of AON in a report on Tuesday, March 25th. Keefe, Bruyette & Woods dropped their target price on shares of AON from $414.00 to $409.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Finally, Wells Fargo & Company increased their target price on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $391.75.

AON Stock Up 1.0%

AON stock opened at $362.10 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. Aon plc has a 52-week low of $275.07 and a 52-week high of $412.97. The firm has a 50 day moving average price of $372.99 and a two-hundred day moving average price of $375.11. The firm has a market cap of $78.19 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 2.12 and a beta of 0.89.

AON (NYSE:AON) last released its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.04 by ($0.37). AON had a return on equity of 70.84% and a net margin of 16.91%. The firm had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the previous year, the business posted $5.66 EPS. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. Equities analysts predict that Aon plc will post 17.21 EPS for the current year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.745 per share. This is a positive change from AON’s previous quarterly dividend of $0.68. The ex-dividend date was Thursday, May 1st. This represents a $2.98 annualized dividend and a yield of 0.82%. AON’s dividend payout ratio (DPR) is presently 25.38%.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.