Aon plc Declares Quarterly Dividend of $0.68 (NYSE:AON)

Aon plc (NYSE:AON) declared a quarterly dividend on Friday, January 10th,RTT News reports. Stockholders of record on Monday, February 3rd will be given a dividend of 0.675 per share by the financial services provider on Friday, February 14th. This represents a $2.70 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Monday, February 3rd.

AON has a payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Analysts expect AON to earn $17.37 per share next year, which means the company should continue to be able to cover its $2.70 annual dividend with an expected future payout ratio of 15.5%.

AON Trading Down 0.2 %

AON opened at $371.39 on Friday. The stock has a market capitalization of $80.32 billion, a PE ratio of 31.34, a P/E/G ratio of 2.00 and a beta of 0.93. 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 has a 12-month low of $268.06 and a 12-month high of $395.33. The firm’s fifty day moving average price is $366.35 and its 200 day moving average price is $353.73.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 107.43% and a net margin of 16.32%. During the same period in the prior year, the business earned $3.89 earnings per share. As a group, research analysts expect that AON will post 15.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AON shares. JPMorgan Chase & Co. lifted their price objective on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. BMO Capital Markets boosted their price objective on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. Barclays lifted their target price on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods cut their price target on AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, Jefferies Financial Group upped their price objective on AON from $344.00 to $365.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $370.87.

Insider Buying and Selling

In other news, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the sale, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $387.68, for a total value of $494,292.00. Following the completion of the transaction, the insider now owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.