Raymond James Trust N.A. Purchases 463 Shares of Aon plc (NYSE:AON)

Raymond James Trust N.A. grew its position in Aon plc (NYSE:AON) by 13.1% during the third quarter, HoldingsChannel reports. The firm owned 3,989 shares of the financial services provider’s stock after buying an additional 463 shares during the period. Raymond James Trust N.A.’s holdings in AON were worth $1,380,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its holdings in AON by 2.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,552,569 shares of the financial services provider’s stock worth $3,685,183,000 after acquiring an additional 309,702 shares during the period. Mawer Investment Management Ltd. increased its holdings in AON by 1.2% in the second quarter. Mawer Investment Management Ltd. now owns 4,405,780 shares of the financial services provider’s stock worth $1,293,449,000 after purchasing an additional 52,099 shares in the last quarter. Veritas Asset Management LLP lifted its stake in AON by 41.6% in the third 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 buying an additional 883,761 shares during the period. Independent Franchise Partners LLP boosted its holdings in shares of AON by 2.1% during the 2nd quarter. Independent Franchise Partners LLP now owns 2,409,530 shares of the financial services provider’s stock worth $707,390,000 after buying an additional 49,161 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of AON by 37.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,000,969 shares of the financial services provider’s stock worth $587,445,000 after buying an additional 548,563 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on AON. BMO Capital Markets increased their target price on shares of AON from $325.00 to $380.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. Wells Fargo & Company upgraded AON from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $315.00 to $377.00 in a research note on Monday, October 28th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $335.00 price target on shares of AON in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on AON from $311.00 to $353.00 and gave the company a “hold” rating in a report on Monday, August 26th. Finally, Bank of America increased their target price on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $362.06.

AON Stock Up 0.9 %

AON opened at $386.21 on Friday. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $389.21. The firm has a market capitalization of $83.53 billion, a P/E ratio of 32.59, a PEG ratio of 2.40 and a beta of 0.91. The company’s 50-day moving average is $362.45 and its 200 day moving average is $327.63. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05.

AON Dividend Announcement

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

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.