Gateway Investment Advisers LLC Has $32.43 Million Stock Holdings in Aon plc (NYSE:AON)

Gateway Investment Advisers LLC lowered its stake in Aon plc (NYSE:AON) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,738 shares of the financial services provider’s stock after selling 72 shares during the quarter. Gateway Investment Advisers LLC’s holdings in AON were worth $32,432,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. waypoint wealth counsel boosted its holdings in 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. Massmutual Trust Co. FSB ADV raised its holdings in shares of AON by 7.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 536 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 37 shares during the period. Proficio Capital Partners LLC lifted its stake in AON by 3.9% in the 1st quarter. Proficio Capital Partners LLC now owns 1,016 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 38 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in AON by 5.5% during the first quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 38 shares during the period. Finally, Fisher Asset Management LLC raised its stake in AON by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 1,724 shares of the financial services provider’s stock valued at $502,000 after buying an additional 39 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AON shares. Bank of America increased their price target on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday. Keefe, Bruyette & Woods raised AON from an “underperform” rating to an “outperform” rating and increased their price target for the stock from $313.00 to $380.00 in a research report on Tuesday, July 30th. Jefferies Financial Group raised their target price on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday. Wells Fargo & Company boosted their price target on AON from $300.00 to $315.00 and gave the stock an “underweight” rating in a report on Thursday. Finally, Morgan Stanley dropped their target price on shares of AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, AON currently has a consensus rating of “Hold” and an average target price of $347.06.

AON Trading Up 0.4 %

Shares of AON stock traded up $1.47 on Friday, hitting $355.15. 584,731 shares of the company’s stock traded hands, compared to its average volume of 824,376. The company has a market capitalization of $77.15 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. The company has a fifty day moving average of $342.73 and a two-hundred day moving average of $314.40. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42. Aon plc has a one year low of $268.06 and a one year high of $360.95.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($0.15). The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.74 billion. AON had a net margin of 18.00% and a return on equity of 252.81%. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the firm posted $2.76 earnings per share. As a group, sell-side analysts expect that Aon plc will post 15.22 earnings per share for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.76%. AON’s payout ratio is currently 21.58%.

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.