Natixis Advisors LLC Has $118.04 Million Stock Holdings in Aon plc $AON

Natixis Advisors LLC cut its holdings in shares of Aon plc (NYSE:AON) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 334,511 shares of the financial services provider’s stock after selling 21,315 shares during the period. Natixis Advisors LLC’s holdings in AON were worth $118,042,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Sound View Wealth Advisors Group LLC boosted its position in AON by 1.5% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,935 shares of the financial services provider’s stock worth $683,000 after buying an additional 29 shares during the period. Kathmere Capital Management LLC boosted its position in AON by 2.1% during the 4th quarter. Kathmere Capital Management LLC now owns 1,582 shares of the financial services provider’s stock worth $558,000 after buying an additional 32 shares during the period. Westpac Banking Corp boosted its position in AON by 5.6% during the 3rd quarter. Westpac Banking Corp now owns 620 shares of the financial services provider’s stock worth $221,000 after buying an additional 33 shares during the period. Capital Investment Advisors LLC boosted its position in AON by 1.8% during the 4th quarter. Capital Investment Advisors LLC now owns 1,882 shares of the financial services provider’s stock worth $664,000 after buying an additional 33 shares during the period. Finally, Salomon & Ludwin LLC boosted its position in AON by 39.3% during the 4th quarter. Salomon & Ludwin LLC now owns 117 shares of the financial services provider’s stock worth $41,000 after buying an additional 33 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AON. Barclays dropped their price target on shares of AON from $381.00 to $372.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Morgan Stanley dropped their price target on shares of AON from $380.00 to $370.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Wells Fargo & Company dropped their price target on shares of AON from $443.00 to $402.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. TD Cowen restated a “buy” rating on shares of AON in a research report on Monday, March 16th. Finally, Mizuho dropped their price target on shares of AON from $394.00 to $389.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $396.81.

AON Stock Down 0.7%

AON stock opened at $318.11 on Wednesday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36. Aon plc has a 12-month low of $304.59 and a 12-month high of $381.00. The firm’s fifty day moving average is $321.79 and its 200 day moving average is $333.87. The company has a market capitalization of $67.94 billion, a PE ratio of 17.46, a PEG ratio of 1.68 and a beta of 0.71.

AON (NYSE:AON) last released its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) 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 the consensus estimate of $4.97 billion. During the same quarter in the previous year, the company earned $5.67 EPS. AON’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that Aon plc will post 19.1 EPS for the current fiscal year.

AON Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. This is a positive change from AON’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, May 1st. AON’s payout ratio is 16.36%.

About AON

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.