Aon plc (NYSE:AON) Announces $0.68 Quarterly Dividend

Aon plc (NYSE:AON) announced a quarterly dividend on Friday, January 10th,RTT News reports. Shareholders 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 yield of 0.77%.

AON has a payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AON to earn $17.42 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 0.9 %

Shares of NYSE:AON traded down $3.17 during trading on Friday, reaching $349.28. 962,003 shares of the stock were exchanged, compared to its average volume of 955,083. The company has a debt-to-equity ratio of 2.66, a quick ratio of 2.05 and a current ratio of 2.05. AON has a 12-month low of $268.06 and a 12-month high of $395.33. The firm has a market cap of $75.54 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The firm’s 50-day moving average price is $370.51 and its 200 day moving average price is $345.85.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AON. Barclays boosted their target price on AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Bank of America boosted their price target on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. TD Cowen upped their target price on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Keefe, Bruyette & Woods dropped their price objective on shares of AON from $415.00 to $411.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $315.00 to $377.00 in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, AON currently has an average rating of “Hold” and an average target price of $368.67.

Insider Activity

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

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.