Natixis Advisors LLC Sells 7,287 Shares of Aon plc (NYSE:AON)

Natixis Advisors LLC cut its position in shares of Aon plc (NYSE:AON) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 280,164 shares of the financial services provider’s stock after selling 7,287 shares during the period. Natixis Advisors LLC’s holdings in AON were worth $100,624,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AON. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in AON by 334.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock valued at $363,475,000 after purchasing an additional 808,990 shares during the period. Proficio Capital Partners LLC raised its position in AON by 43,000.8% during the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock valued at $140,404,000 after purchasing an additional 390,017 shares during the period. Bank of New York Mellon Corp raised its position in AON by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock valued at $921,182,000 after purchasing an additional 343,592 shares during the period. Diamond Hill Capital Management Inc. raised its holdings in shares of AON by 28.3% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,247,736 shares of the financial services provider’s stock worth $448,137,000 after buying an additional 275,525 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of AON in the fourth quarter worth approximately $86,435,000. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AON shares. JPMorgan Chase & Co. increased their price target on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Barclays increased their price target on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods increased their price target on AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Piper Sandler increased their price target on AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada raised their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Stock Up 1.3 %

AON stock opened at $399.34 on Friday. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $86.26 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 2.12 and a beta of 0.92. Aon plc has a 1-year low of $268.06 and a 1-year high of $412.97. The business has a fifty day moving average price of $381.36 and a 200-day moving average price of $368.92.

AON (NYSE:AON) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the previous year, the business posted $3.89 earnings per share. Equities research analysts forecast that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.675 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. AON’s dividend payout ratio (DPR) is 21.33%.

About AON

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.