Aon plc (AON) To Go Ex-Dividend on February 3rd

Aon plc (NYSE:AON) announced a quarterly dividend on Friday, January 10th,RTT News reports. Shareholders 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 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Monday, February 3rd.

AON has a dividend payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect AON to earn $17.37 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 0.2 %

Shares of AON stock opened at $371.39 on Friday. The business has a 50 day moving average price of $366.35 and a 200 day moving average price of $353.73. The company has a market capitalization of $80.32 billion, a P/E ratio of 31.34, a P/E/G ratio of 2.00 and a beta of 0.93. 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 1 year low of $268.06 and a 1 year high of $395.33.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a return on equity of 107.43% and a net margin of 16.32%. During the same period in the prior year, the company earned $3.89 EPS. Sell-side analysts anticipate that AON will post 15.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other AON news, insider Lisa Stevens sold 1,275 shares of the business’s stock in a transaction dated 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. The trade was a 13.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Mindy F. Simon sold 650 shares of the stock in a transaction dated 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 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. 1.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on AON. TD Cowen boosted their price objective on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Jefferies Financial Group boosted their price target on AON from $344.00 to $365.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Evercore ISI upgraded AON from an “in-line” rating to an “outperform” rating and upped their target price for the company from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company raised AON from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $377.00 to $410.00 in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $370.87.

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.