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

Aon plc (NYSE:AON) declared a quarterly dividend on Friday, January 10th,RTT News reports. Stockholders 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 dividend payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 0.9 %

Shares of NYSE:AON opened at $349.28 on Friday. AON has a fifty-two week low of $268.06 and a fifty-two week high of $395.33. The firm’s 50 day moving average price is $370.20 and its 200 day moving average price is $346.57. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The stock 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.

Insider Transactions at AON

In related news, insider Lisa Stevens sold 1,275 shares of the company’s stock in a transaction 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 transaction, the insider now owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the sale, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Barclays lifted their price objective 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. Bank of America upped their price objective on AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised AON from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $315.00 to $377.00 in a research report on Monday, October 28th. Jefferies Financial Group increased their price target on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, AON has an average rating of “Hold” and a consensus target price of $368.67.

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.