Natixis Advisors LLC Lowers Stock Position in Aon plc (NYSE:AON)

Natixis Advisors LLC lowered its holdings in shares of Aon plc (NYSE:AON) by 5.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 287,451 shares of the financial services provider’s stock after selling 15,281 shares during the period. Natixis Advisors LLC owned 0.13% of AON worth $99,455,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Valley Wealth Managers Inc. boosted its stake in shares of AON by 3.3% during the third quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider’s stock worth $307,000 after buying an additional 28 shares during the period. CVA Family Office LLC lifted its position in AON by 8.4% during the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 29 shares during the period. Amplius Wealth Advisors LLC grew its stake in shares of AON by 2.4% in the 3rd quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 31 shares during the last quarter. Intellectus Partners LLC increased its holdings in shares of AON by 3.2% in the third quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 31 shares during the period. Finally, waypoint wealth counsel raised its stake in shares of AON by 3.6% during the third quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 32 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Stock Performance

Shares of AON opened at $379.29 on Friday. The company has a 50-day moving average of $359.12 and a two-hundred day moving average of $324.19. The stock has a market cap of $82.03 billion, a P/E ratio of 32.01, a PEG ratio of 2.38 and a beta of 0.91. Aon plc has a 12-month low of $268.06 and a 12-month high of $389.21. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Friday, November 1st. AON’s payout ratio is currently 22.78%.

Analysts Set New Price Targets

A number of equities analysts have commented on AON shares. Royal Bank of Canada restated a “sector perform” rating and set a $335.00 price objective on shares of AON in a research report on Monday, August 5th. Piper Sandler increased their price target on shares of AON from $312.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their target price on AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Barclays initiated coverage on AON in a report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price target for the company. Finally, TD Cowen upped their price objective on AON from $413.00 to $432.00 in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $359.19.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.