Aon plc (AON) to Issue Quarterly Dividend of $0.68 on February 14th

Aon plc (NYSE:AON) declared 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 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 Stock Down 0.9 %

Shares of NYSE:AON opened at $349.28 on Friday. AON has a 1 year low of $268.06 and a 1 year high of $395.33. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The stock’s 50-day moving average is $370.20 and its 200 day moving average is $346.57. The company 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.

Insider Activity

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 transaction, the chief operating officer now owns 1,816 shares of the company’s stock, valued at approximately $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $494,292.00. Following the transaction, 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. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

AON has been the subject of several research analyst reports. Wells Fargo & Company raised shares of 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. TD Cowen upped their price target on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $407.00 to $420.00 in a research report on Wednesday. Keefe, Bruyette & Woods lowered their price target on shares of AON from $415.00 to $411.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Bank of America raised their target price on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus 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.