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

Natixis Advisors LLC reduced its holdings in shares of Aon plc (NYSE:AON - Free Report) by 5.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 287,451 shares of the financial services provider's stock after selling 15,281 shares during the quarter. Natixis Advisors LLC owned approximately 0.13% of AON worth $99,455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farallon Capital Management LLC boosted its stake in AON by 196.7% in the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider's stock valued at $550,521,000 after purchasing an additional 1,243,200 shares during the period. Diamond Hill Capital Management Inc. acquired a new position in AON in the 3rd quarter valued at $336,375,000. Veritas Asset Management LLP raised its holdings in AON by 41.6% in the 3rd quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider's stock valued at $1,041,623,000 after acquiring an additional 883,761 shares in the last quarter. Meritage Group LP acquired a new position in AON in the 1st quarter valued at $258,471,000. Finally, Bank of New York Mellon Corp raised its holdings in AON by 37.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider's stock valued at $587,445,000 after acquiring an additional 548,563 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

AON Trading Up 0.8 %

Shares of AON stock traded up $2.96 on Friday, hitting $379.29. 1,790,388 shares of the company's stock traded hands, compared to its average volume of 1,121,539. Aon plc has a one year low of $268.06 and a one year high of $389.21. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The company has a fifty day moving average of $359.12 and a two-hundred day moving average of $324.19. The company has a market capitalization of $82.03 billion, a price-to-earnings ratio of 32.01, a price-to-earnings-growth ratio of 2.38 and a beta of 0.91.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.675 per share. The ex-dividend date was Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.71%. AON's payout ratio is 22.78%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays assumed coverage on AON in a report on Wednesday, September 4th. They issued an "overweight" rating and a $394.00 price objective for the company. Bank of America boosted their price target on AON from $345.00 to $375.00 and gave the stock an "underperform" rating in a report on Thursday, October 10th. Jefferies Financial Group boosted their price target on AON from $344.00 to $365.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods boosted their price target on AON from $385.00 to $415.00 and gave the stock an "outperform" rating in a report on Tuesday, October 29th. Finally, Wells Fargo & Company raised AON from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $315.00 to $377.00 in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $359.19.

About AON

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.