Janus Henderson Group PLC cut its stake in shares of Aon plc (NYSE:AON - Free Report) by 12.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,371 shares of the financial services provider's stock after selling 3,332 shares during the quarter. Janus Henderson Group PLC's holdings in AON were worth $8,751,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Endeavor Private Wealth Inc. acquired a new position in AON during the 4th quarter worth about $29,000. Richardson Financial Services Inc. raised its position in shares of AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider's stock worth $30,000 after acquiring an additional 81 shares in the last quarter. Millstone Evans Group LLC bought a new position in shares of AON in the 4th quarter worth about $32,000. Centricity Wealth Management LLC bought a new position in shares of AON in the 4th quarter worth about $39,000. Finally, Kestra Investment Management LLC bought a new position in shares of AON in the 4th quarter worth about $39,000. 86.14% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
AON has been the subject of several research analyst reports. Barclays lowered their price objective on AON from $430.00 to $415.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Royal Bank of Canada lifted their price objective on AON from $390.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective for the company in a research report on Tuesday, May 13th. Redburn Atlantic raised AON to a "hold" rating in a research report on Tuesday, March 25th. Finally, Evercore ISI lowered their price objective on AON from $420.00 to $398.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $391.75.
Check Out Our Latest Stock Analysis on AON
AON Stock Down 1.2%
AON stock traded down $4.52 during mid-day trading on Wednesday, reaching $357.91. 910,028 shares of the company traded hands, compared to its average volume of 1,204,124. The stock has a market cap of $77.29 billion, a price-to-earnings ratio of 28.27, a P/E/G ratio of 2.12 and a beta of 0.89. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. Aon plc has a fifty-two week low of $275.07 and a fifty-two week high of $412.97. The firm's 50 day moving average price is $371.70 and its 200 day moving average price is $375.08.
AON (NYSE:AON - Get Free Report) 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 analysts' consensus estimates of $6.04 by ($0.37). The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.83 billion. AON had a net margin of 16.91% and a return on equity of 70.84%. AON's revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the firm posted $5.66 EPS. As a group, equities research analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.
AON Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.745 per share. The ex-dividend date was Thursday, May 1st. This represents a $2.98 dividend on an annualized basis and a yield of 0.83%. This is an increase from AON's previous quarterly dividend of $0.68. AON's payout ratio is 25.38%.
AON Company Profile
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Free Report)
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.
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