Aon plc $AON Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its position in Aon plc (NYSE:AON) by 183.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,439 shares of the financial services provider’s stock after acquiring an additional 20,983 shares during the period. Janney Montgomery Scott LLC’s holdings in AON were worth $10,471,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Dodge & Cox boosted its position in AON by 126.6% during the fourth quarter. Dodge & Cox now owns 7,852,456 shares of the financial services provider’s stock worth $2,770,975,000 after purchasing an additional 4,387,773 shares in the last quarter. Norges Bank purchased a new position in shares of AON in the fourth quarter valued at $1,155,981,000. Viking Global Investors LP acquired a new position in shares of AON during the 3rd quarter worth $504,424,000. Balyasny Asset Management L.P. boosted its position in shares of AON by 40,219.8% in the 3rd quarter. Balyasny Asset Management L.P. now owns 846,715 shares of the financial services provider’s stock worth $301,922,000 after buying an additional 844,615 shares in the last quarter. Finally, Southpoint Capital Advisors LP acquired a new stake in AON in the 4th quarter valued at about $229,372,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AON. TD Cowen restated a “buy” rating on shares of AON in a research report on Monday, March 16th. Keefe, Bruyette & Woods lowered their price target on shares of AON from $416.00 to $401.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Mizuho cut their price objective on AON from $394.00 to $389.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AON in a research note on Tuesday, April 21st. Finally, Piper Sandler lowered their target price on AON from $360.00 to $355.00 and set an “overweight” rating on the stock in a report on Monday, June 15th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $394.94.

AON Stock Performance

Shares of AON stock opened at $356.89 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market capitalization of $76.23 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 1.81 and a beta of 0.71. Aon plc has a one year low of $304.59 and a one year high of $381.00. The company has a 50 day moving average price of $323.03 and a 200 day moving average price of $330.59.

AON (NYSE:AON) last announced its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. AON had a net margin of 22.54% and a return on equity of 43.50%. The company had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same quarter last year, the business earned $5.67 EPS. AON’s revenue for the quarter was up 6.4% on a year-over-year basis. Sell-side analysts anticipate that Aon plc will post 19.09 EPS for the current year.

AON Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. This is a boost from AON’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Friday, May 1st. AON’s dividend payout ratio (DPR) is presently 18.00%.

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.