Aon plc (NYSE:AON) Shares Purchased by Natixis Investment Managers International

Natixis Investment Managers International raised its position in Aon plc (NYSE:AONFree Report) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 89,735 shares of the financial services provider’s stock after purchasing an additional 590 shares during the period. AON comprises approximately 1.9% of Natixis Investment Managers International’s portfolio, making the stock its 25th biggest holding. Natixis Investment Managers International’s holdings in AON were worth $26,115,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AON. Jump Financial LLC acquired a new stake in AON in the third quarter valued at $231,000. Kestra Private Wealth Services LLC acquired a new stake in AON in the third quarter valued at $400,000. Avantax Advisory Services Inc. grew its holdings in AON by 7.5% in the third quarter. Avantax Advisory Services Inc. now owns 674 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 47 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in AON by 2.2% in the third quarter. Atria Wealth Solutions Inc. now owns 1,727 shares of the financial services provider’s stock valued at $560,000 after purchasing an additional 37 shares during the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of AON by 11.2% during the third quarter. Gabelli Funds LLC now owns 7,950 shares of the financial services provider’s stock valued at $2,578,000 after acquiring an additional 800 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity at AON

In related news, Director Lester B. Knight bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost of $276.61 per share, for a total transaction of $2,766,100.00. Following the acquisition, the director now owns 139,000 shares in the company, valued at approximately $38,448,790. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.15% of the company’s stock.

AON Trading Down 0.9 %

Shares of AON stock traded down $2.59 during trading hours on Friday, reaching $283.12. The stock had a trading volume of 889,312 shares, compared to its average volume of 1,411,956. The firm has a 50 day simple moving average of $295.68 and a two-hundred day simple moving average of $305.87. The firm has a market capitalization of $61.56 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 1.89 and a beta of 0.91. Aon plc has a 1 year low of $268.06 and a 1 year high of $347.37.

AON (NYSE:AONGet Free Report) last released its quarterly earnings data on Friday, April 26th. The financial services provider reported $5.66 EPS for the quarter, missing analysts’ consensus estimates of $5.86 by ($0.20). The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.14 billion. AON had a negative return on equity of 1,083.00% and a net margin of 19.04%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $5.17 earnings per share. Sell-side analysts forecast that Aon plc will post 15.48 EPS for the current year.

AON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a dividend of $0.675 per share. This is an increase from AON’s previous quarterly dividend of $0.62. This represents a $2.70 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Tuesday, April 30th. AON’s dividend payout ratio (DPR) is presently 21.16%.

Wall Street Analysts Forecast Growth

AON has been the topic of a number of analyst reports. Morgan Stanley increased their price objective on AON from $325.00 to $327.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods increased their price objective on AON from $294.00 to $312.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Bank of America lowered AON from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $345.00 to $306.00 in a research note on Wednesday, May 22nd. Royal Bank of Canada decreased their price objective on AON from $325.00 to $315.00 and set a “sector perform” rating on the stock in a research note on Monday, April 29th. Finally, JPMorgan Chase & Co. increased their target price on AON from $318.00 to $353.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $321.86.

Check Out Our Latest Analysis on AON

AON Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AON (NYSE:AON)

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