Aon plc (AON) to Distribute Quarterly Dividend of $0.82 on August 14th

Aon plc (NYSE:AON) declared a quarterly dividend on Friday, July 10th. Investors 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) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, August 3rd.

AON has raised its dividend by an average of 0.1%annually over the last three years. AON has a payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. 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. The stock has a 50 day simple moving average of $341.22 and a 200 day simple moving average of $332.07. AON has a 1 year low of $304.59 and a 1 year high of $382.34. The company has a current ratio of 1.54, a quick ratio of 1.95 and a debt-to-equity ratio of 1.34. The stock has a market cap of $77.04 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 1.89 and a beta of 0.71.

AON (NYSE:AON) last released its earnings results on Wednesday, July 29th. The financial services provider reported $3.81 EPS for the quarter, beating 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 firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period last year, the firm earned $3.49 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, research analysts predict that AON will post 19.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AON shares. Weiss Ratings reissued a “hold (c)” rating on shares of AON in a research note on Friday, July 17th. Morgan Stanley lifted their target price on AON from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Wells Fargo & Company upped their price target on AON from $406.00 to $419.00 and gave the company an “overweight” rating in a research report on Thursday. UBS Group increased their price target on AON from $360.00 to $383.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, Roth Capital restated a “buy” rating and set a $420.00 price objective on shares of AON in a research report on Friday. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.