Aon plc (AON) to Distribute Quarterly Dividend of $0.82 on November 13th

Aon plc (NYSE:AON) announced a quarterly dividend on Friday, October 9th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.82 per share by the financial services provider on Friday, November 13th. This represents a $3.28 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, November 2nd.

AON has increased its dividend 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. Equities analysts expect AON to earn $20.08 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 16.3%.

AON Trading Up 0.0%

Shares of AON stock opened at $321.75 on Friday. The firm has a 50 day moving average price of $302.17 and a two-hundred day moving average price of $326.08. The company has a quick ratio of 1.54, a current ratio of 4.72 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $68.26 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.68 and a beta of 0.70. AON has a 12-month low of $266.33 and a 12-month high of $382.34.

AON (NYSE:AON) last released its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $3.36 EPS for the quarter, beating the consensus estimate of $3.30 by $0.06. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. AON had a net margin of 22.24% and a return on equity of 40.46%. AON’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.05 earnings per share. As a group, analysts predict that AON will post 18.63 earnings per share for the current year.

Insider Buying and Selling at AON

In other AON news, Director Lester Knight purchased 20,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were purchased at an average cost of $327.48 per share, for a total transaction of $6,549,600.00. Following the acquisition, the director owned 163,000 shares of the company’s stock, valued at approximately $53,379,240. This represents a 13.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On AON

A number of institutional investors have recently modified their holdings of AON. Robeco Institutional Asset Management B.V. raised its position in AON by 11,179.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,026,135 shares of the financial services provider’s stock worth $1,114,313,000 after buying an additional 3,990,441 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of AON by 16.3% in the first quarter. Bank of America Corp DE now owns 1,582,680 shares of the financial services provider’s stock valued at $510,857,000 after acquiring an additional 222,092 shares in the last quarter. Amundi boosted its holdings in shares of AON by 23.5% in the first quarter. Amundi now owns 1,502,890 shares of the financial services provider’s stock valued at $485,103,000 after acquiring an additional 285,549 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of AON by 20.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,253,769 shares of the financial services provider’s stock worth $404,709,000 after acquiring an additional 213,051 shares during the period. Finally, Ninety One UK Ltd increased its stake in shares of AON by 419.8% during the third quarter. Ninety One UK Ltd now owns 836,932 shares of the financial services provider’s stock worth $231,638,000 after acquiring an additional 675,919 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Company Profile

Aon plc is a global professional services firm that helps organizations manage risk, make informed decisions and improve workforce outcomes. Its services span commercial risk, health, retirement and investments, and data and analytics.

The company provides insurance brokerage and risk-management services, including coverage placement, claims support, risk transfer and consulting. Through its reinsurance business, Aon also serves insurers and other organizations seeking to manage catastrophe, capital and underwriting risks.

Aon’s human capital offerings include employee benefits consulting, retirement advisory services, talent and compensation consulting, and health and workforce solutions.