Janus Henderson Group PLC Grows Stock Holdings in Aon plc $AON

Janus Henderson Group PLC boosted its stake in shares of Aon plc (NYSE:AON) by 9.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,747 shares of the financial services provider’s stock after buying an additional 2,396 shares during the quarter. Janus Henderson Group PLC’s holdings in AON were worth $8,635,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Watch Advisors INC acquired a new stake in shares of AON in the 3rd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in AON in the fourth quarter valued at $27,000. Kemnay Advisory Services Inc. purchased a new position in shares of AON in the fourth quarter valued at $29,000. Eagle Bay Advisors LLC purchased a new stake in shares of AON in the 4th quarter worth about $30,000. Finally, Strive Asset Management LLC purchased a new position in AON during the 3rd quarter valued at about $35,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AON news, General Counsel Darren Zeidel sold 1,950 shares of the firm’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $372.05, for a total value of $725,497.50. Following the sale, the general counsel directly owned 13,404 shares of the company’s stock, valued at approximately $4,986,958.20. This trade represents a 12.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 4,450 shares of company stock worth $1,659,242 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AON. JPMorgan Chase & Co. upped their price target on shares of AON from $396.00 to $412.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Piper Sandler lifted their price objective on AON from $377.00 to $391.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Cantor Fitzgerald upped their target price on AON from $416.00 to $445.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Wells Fargo & Company increased their target price on AON from $406.00 to $419.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Finally, Barclays boosted their price target on AON from $372.00 to $382.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, AON has an average rating of “Moderate Buy” and a consensus target price of $410.75.

AON Stock Up 0.8%

Shares of NYSE AON opened at $359.40 on Thursday. The firm has a market cap of $76.24 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 1.84 and a beta of 0.69. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.54 and a current ratio of 1.54. Aon plc has a 1 year low of $304.59 and a 1 year high of $382.34. The firm’s 50 day moving average price is $343.43 and its 200 day moving average price is $332.22.

AON (NYSE:AON) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share for the quarter, beating the consensus estimate of $3.80 by $0.01. AON had a return on equity of 42.13% and a net margin of 22.27%.The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same period in the previous year, the firm posted $3.49 EPS. AON’s revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Aon plc will post 19.06 earnings per share for the current year.

AON Announces Dividend

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

AON 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.