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

Aon plc (NYSE:AON - Get Free Report) declared a quarterly dividend on Friday, January 10th,RTT News reports. Investors 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 yield of 0.77%.

AON has a payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 traded down $3.17 during midday trading on Friday, hitting $349.28. The company's stock had a trading volume of 971,283 shares, compared to its average volume of 957,447. AON has a 1 year low of $268.06 and a 1 year high of $395.33. The business's fifty day simple moving average is $370.20 and its two-hundred day simple moving average is $346.20. The firm has a market capitalization 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. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05.

Insider Buying and Selling at AON

In related news, COO Mindy F. Simon sold 650 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 $716,121.44. This represents a 26.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 value of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares of the company's stock, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on AON shares. JPMorgan Chase & Co. increased their price objective on shares of AON from $379.00 to $394.00 and gave the company an "overweight" rating in a research report on Friday, January 3rd. Evercore ISI raised AON from an "in-line" rating to an "outperform" rating and increased their target price for the company from $407.00 to $420.00 in a report on Wednesday. TD Cowen lifted their price target on AON from $413.00 to $432.00 in a report on Thursday, October 24th. Wells Fargo & Company upgraded AON from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $315.00 to $377.00 in a report on Monday, October 28th. Finally, Jefferies Financial Group boosted their target price on AON from $344.00 to $365.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $368.67.

AON Company Profile

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.