Aon plc (NYSE:AON) to Issue $0.68 Quarterly Dividend

Aon plc (NYSE:AONGet Free Report) 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 0.77%.

AON has a 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 %

AON opened at $349.28 on Friday. The stock has a market cap of $75.54 billion, a PE ratio of 29.48, a P/E/G ratio of 2.27 and a beta of 0.93. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. AON has a 52 week low of $268.06 and a 52 week high of $395.33. The business’s fifty day simple moving average is $370.20 and its 200 day simple moving average is $346.20.

Insiders Place Their Bets

In related news, COO Mindy F. Simon sold 650 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 1,816 shares in the company, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 sale, the insider now owns 8,077 shares in the company, valued at $3,131,291.36. This represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on AON. TD Cowen upped their price target on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Evercore ISI upgraded shares of AON from an “in-line” rating to an “outperform” rating and upped their price target for the company from $407.00 to $420.00 in a research report on Wednesday. Bank of America upped their price target on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Jefferies Financial Group upped their price target on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, 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 report on Monday, November 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AON currently has a consensus rating of “Hold” and a consensus target price of $368.67.

Read Our Latest Report on AON

AON Company Profile

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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.

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Dividend History for AON (NYSE:AON)

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