Raymond James Trust N.A. Has $1.38 Million Holdings in Aon plc (NYSE:AON)

Raymond James Trust N.A. lifted its position in shares of Aon plc (NYSE:AON) by 13.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,989 shares of the financial services provider’s stock after purchasing an additional 463 shares during the period. Raymond James Trust N.A.’s holdings in AON were worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in AON by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,206,763 shares of the financial services provider’s stock worth $417,528,000 after buying an additional 11,922 shares during the period. Landscape Capital Management L.L.C. increased its position in AON by 7.2% during the third quarter. Landscape Capital Management L.L.C. now owns 4,789 shares of the financial services provider’s stock worth $1,657,000 after acquiring an additional 320 shares during the period. Moors & Cabot Inc. boosted its holdings in AON by 4.3% in the 3rd quarter. Moors & Cabot Inc. now owns 1,097 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 45 shares during the period. Retireful LLC acquired a new position in shares of AON during the 3rd quarter worth approximately $759,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of AON by 18.2% during the third quarter. First Horizon Advisors Inc. now owns 377 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 58 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the company. TD Cowen raised their price objective on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Barclays increased their price objective on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their price target on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Piper Sandler lifted their price objective on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, Bank of America upped their target price on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $362.06.

AON Stock Performance

NYSE:AON opened at $386.21 on Friday. The stock’s 50-day moving average is $362.45 and its 200-day moving average is $327.63. The stock has a market cap of $83.53 billion, a P/E ratio of 32.59, a price-to-earnings-growth ratio of 2.40 and a beta of 0.91. Aon plc has a 1-year low of $268.06 and a 1-year high of $389.21. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Friday, November 1st. AON’s payout ratio is currently 22.78%.

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.