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

Aon plc (NYSE:AON) announced a quarterly dividend on Friday, January 10th,RTT News reports. Investors of record on Monday, February 3rd will be paid a dividend of 0.675 per share by the financial services provider on Friday, February 14th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.77%.

AON has a payout ratio of 15.5% meaning 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 AON traded down $3.17 during mid-day trading on Friday, reaching $349.28. The stock had a trading volume of 962,003 shares, compared to its average volume of 955,083. 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 52-week low of $268.06 and a 52-week high of $395.33. The business’s fifty day moving average is $370.51 and its 200 day moving average is $345.85. The firm has a market cap of $75.54 billion, a price-to-earnings ratio of 29.48, a P/E/G ratio of 2.27 and a beta of 0.93.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AON. JPMorgan Chase & Co. increased their target price on shares of AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $407.00 to $420.00 in a research note on Wednesday. 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 raised shares of AON from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Finally, Barclays increased their price target on shares of AON from $394.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $368.67.

Insider Buying and Selling at AON

In other news, COO Mindy F. Simon sold 650 shares of AON 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 completion of the transaction, the chief operating officer now owns 1,816 shares of the company’s stock, valued at $716,121.44. The trade was a 26.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Lisa Stevens sold 1,275 shares of AON stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now directly 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. 1.30% of the stock is owned by corporate insiders.

About AON

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.