Janus Henderson Group PLC Has $422.81 Million Stake in Aon PLC (AON)
Janus Henderson Group PLC grew its stake in Aon PLC (NYSE:AON) by 1,108.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,180,268 shares of the financial services provider’s stock after buying an additional 2,917,018 shares during the quarter. Janus Henderson Group PLC owned 1.25% of Aon PLC worth $422,814,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in shares of Aon PLC by 16.7% in the 2nd quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock valued at $102,000 after buying an additional 106 shares during the period. Fiduciary Trust Co. acquired a new position in shares of Aon PLC in the 2nd quarter valued at about $108,000. Pathstone Family Office LLC lifted its holdings in shares of Aon PLC by 6,775.0% in the 2nd quarter. Pathstone Family Office LLC now owns 825 shares of the financial services provider’s stock valued at $1,703,000 after buying an additional 813 shares during the period. Magellan Asset Management Ltd lifted its holdings in shares of Aon PLC by 110.2% in the 2nd quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock valued at $113,000 after buying an additional 444 shares during the period. Finally, FNY Partners Fund LP acquired a new position in shares of Aon PLC in the 1st quarter valued at about $106,000. 84.32% of the stock is owned by institutional investors and hedge funds.
Shares of Aon PLC (AON) traded down 0.04% during trading on Thursday, hitting $146.59. The company’s stock had a trading volume of 311,281 shares. Aon PLC has a one year low of $107.19 and a one year high of $147.66. The company has a 50-day moving average price of $142.01 and a 200-day moving average price of $132.22. The stock has a market cap of $37.28 billion, a PE ratio of 21.41 and a beta of 1.04.
Aon PLC (NYSE:AON) last posted its quarterly earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.45. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same period last year, the firm earned $1.39 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities analysts predict that Aon PLC will post $6.50 EPS for the current fiscal year.
Several equities analysts have recently issued reports on AON shares. Jefferies Group LLC reissued a “buy” rating and issued a $146.00 price objective on shares of Aon PLC in a report on Friday, June 16th. Deutsche Bank AG boosted their price objective on Aon PLC from $113.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, August 9th. BidaskClub cut Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research cut Aon PLC from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Credit Suisse Group set a $133.00 price target on Aon PLC and gave the stock a “sell” rating in a report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $138.20.
In other news, CEO Michael J. O’connor sold 10,000 shares of Aon PLC stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $145.00, for a total transaction of $1,450,000.00. Following the completion of the sale, the chief executive officer now directly owns 123,805 shares in the company, valued at approximately $17,951,725. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.90% of the stock is currently owned by company insiders.
Aon PLC Profile
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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