Aon plc (NYSE:AON) Stake Boosted by Raymond James & Associates

Raymond James & Associates increased its stake in Aon plc (NYSE:AON) by 6.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 215,322 shares of the financial services provider’s stock after purchasing an additional 12,850 shares during the period. Raymond James & Associates owned 0.10% of AON worth $74,499,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Friedenthal Financial acquired a new position in shares of AON during the third quarter valued at $754,000. Net Worth Advisory Group acquired a new position in AON during the 3rd quarter valued at about $270,000. Stratos Wealth Advisors LLC grew its position in AON by 3.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 1,621 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 56 shares during the last quarter. Trust Point Inc. increased its stake in shares of AON by 4.5% in the third quarter. Trust Point Inc. now owns 851 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 37 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its position in shares of AON by 35.9% during the third quarter. Aaron Wealth Advisors LLC now owns 1,025 shares of the financial services provider’s stock worth $355,000 after buying an additional 271 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley cut their target price on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $335.00 price objective on shares of AON in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Evercore ISI increased their price objective on shares of AON from $338.00 to $384.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their target price on AON from $353.00 to $379.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $347.06.

AON Trading Down 0.1 %

NYSE:AON opened at $357.43 on Tuesday. The stock has a fifty day simple moving average of $346.51 and a 200 day simple moving average of $315.44. The firm has a market capitalization of $77.65 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92. Aon plc has a 1-year low of $268.06 and a 1-year high of $363.46. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92.

AON (NYSE:AON) last released its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the prior year, the firm earned $2.76 EPS. The firm’s revenue was up 18.4% compared to the same quarter last year. Sell-side analysts forecast that Aon plc will post 15.21 earnings per share for the current year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.675 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.70 annualized dividend and a dividend yield of 0.76%. AON’s dividend payout ratio (DPR) is presently 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.