Aon plc $AON Shares Purchased by Janney Montgomery Scott LLC

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

Several other large investors have also modified their holdings of AON. Dodge & Cox grew its position in shares of 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 acquiring an additional 4,387,773 shares during the last quarter. Norges Bank acquired a new stake in AON during the 4th quarter worth $1,155,981,000. Viking Global Investors LP purchased a new position in AON during the 3rd quarter worth $504,424,000. Balyasny Asset Management L.P. increased its stake in AON by 40,219.8% in the third quarter. Balyasny Asset Management L.P. now owns 846,715 shares of the financial services provider’s stock valued at $301,922,000 after purchasing an additional 844,615 shares during the period. Finally, Southpoint Capital Advisors LP purchased a new stake in shares of AON in the fourth quarter valued at about $229,372,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Performance

NYSE AON opened at $356.89 on Friday. The stock has a market capitalization of $76.23 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.81 and a beta of 0.71. The business’s 50 day moving average is $323.03 and its two-hundred day moving average is $330.59. Aon plc has a 12-month low of $304.59 and a 12-month high of $381.00. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36.

AON (NYSE:AON) last posted its quarterly earnings results on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, beating the consensus estimate of $6.37 by $0.11. AON had a return on equity of 43.50% and a net margin of 22.54%.The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same period last year, the firm earned $5.67 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Research analysts expect that Aon plc will post 19.09 EPS for the current year.

AON Increases Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, May 1st. This is an increase from AON’s previous quarterly dividend of $0.74. AON’s payout ratio is presently 18.00%.

Analyst Ratings Changes

Several brokerages have recently weighed in on AON. Barclays decreased their target price on shares of AON from $381.00 to $372.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. TD Cowen reaffirmed a “buy” rating on shares of AON in a research note on Monday, March 16th. Citigroup increased their price objective on AON from $412.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Keefe, Bruyette & Woods dropped their target price on AON from $416.00 to $401.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Finally, Wells Fargo & Company cut their price target on AON from $443.00 to $402.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $394.94.

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.