Raymond James & Associates Has $74.50 Million Holdings in Aon plc (NYSE:AON)

Raymond James & Associates raised its position in Aon plc (NYSE:AON - Free Report) by 6.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,322 shares of the financial services provider's stock after purchasing an additional 12,850 shares during the quarter. Raymond James & Associates owned approximately 0.10% of AON worth $74,499,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Y.D. More Investments Ltd bought a new stake in shares of AON during the 2nd quarter worth about $31,000. Nemes Rush Group LLC bought a new stake in AON during the 2nd quarter valued at approximately $45,000. Bruce G. Allen Investments LLC boosted its stake in AON by 52.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 168 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 58 shares during the period. LRI Investments LLC bought a new stake in AON during the 1st quarter valued at approximately $55,000. Finally, New Covenant Trust Company N.A. bought a new stake in AON during the 1st quarter valued at approximately $59,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

AON Trading Down 0.3 %

Shares of NYSE AON traded down $1.15 during midday trading on Tuesday, hitting $356.28. The stock had a trading volume of 1,154,652 shares, compared to its average volume of 1,181,946. The company's 50-day simple moving average is $347.08 and its 200 day simple moving average is $315.71. The firm has a market cap of $77.40 billion, a P/E ratio of 28.48, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $363.46. 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 (NYSE:AON - Get Free Report) last released its earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing the consensus estimate of $3.08 by ($0.15). The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. AON had a net margin of 18.00% and a return on equity of 252.81%. The firm's quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the business posted $2.76 earnings per share. Research analysts anticipate that Aon plc will post 15.21 EPS for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.675 per share. The ex-dividend date is Friday, November 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.76%. AON's dividend payout ratio (DPR) is presently 21.58%.

Analyst Upgrades and Downgrades

A number of analysts have commented on AON shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $335.00 price objective on shares of AON in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on AON from $353.00 to $379.00 and gave the stock an "overweight" rating in a research report on Thursday, July 11th. Evercore ISI raised their price objective on AON from $338.00 to $384.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 9th. Piper Sandler raised their price objective on AON from $312.00 to $335.00 and gave the stock a "neutral" rating in a research report on Monday, July 29th. Finally, Morgan Stanley reduced their price objective on AON from $300.00 to $296.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, AON currently has an average rating of "Hold" and a consensus price target of $347.06.

AON 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.