Aon plc Plans Quarterly Dividend of $0.82 (NYSE:AON)

Aon plc (NYSE:AON) declared a quarterly dividend on Friday, July 10th. Stockholders of record on Monday, August 3rd will be given a dividend of 0.82 per share by the financial services provider on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 3rd.

AON has raised its dividend payment by an average of 0.1%per year over the last three years. AON has a dividend payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AON to earn $21.23 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 15.4%.

AON Trading Down 1.6%

Shares of AON stock opened at $360.71 on Friday. AON has a 12-month low of $304.59 and a 12-month high of $382.34. The stock has a market cap of $77.04 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.89 and a beta of 0.71. The company has a 50-day moving average of $341.22 and a two-hundred day moving average of $332.07. The company has a current ratio of 1.54, a quick ratio of 1.95 and a debt-to-equity ratio of 1.34.

AON (NYSE:AON) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $3.81 EPS for the quarter, topping the consensus estimate of $3.80 by $0.01. AON had a net margin of 22.27% and a return on equity of 42.13%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period in the previous year, the firm earned $3.49 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, research analysts anticipate that AON will post 19.09 EPS for the current fiscal year.

Analysts Set New Price Targets

AON has been the subject of several analyst reports. Citigroup upped their target price on AON from $420.00 to $435.00 and gave the company a “buy” rating in a research note on Thursday. Mizuho increased their target price on shares of AON from $389.00 to $426.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Roth Capital restated a “buy” rating and set a $420.00 target price on shares of AON in a report on Friday. Wall Street Zen downgraded shares of AON from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, UBS Group boosted their price target on AON from $360.00 to $383.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, AON presently has an average rating of “Moderate Buy” and an average price target of $409.06.

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.