Aon PLC (NYSE:AON) announced a quarterly dividend on Thursday, October 12th, RTT News reports. Shareholders of record on Wednesday, November 1st will be given a dividend of 0.36 per share by the financial services provider on Wednesday, November 15th. This represents a $1.44 annualized dividend and a yield of 0.96%.
Aon PLC has raised its dividend by an average of 23.6% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Aon PLC has a payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Aon PLC to earn $8.04 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 17.9%.
Aon PLC (NYSE AON) traded up 0.99% during mid-day trading on Thursday, reaching $149.24. The company’s stock had a trading volume of 1,474,756 shares. The firm has a market capitalization of $37.96 billion, a PE ratio of 21.80 and a beta of 1.04. The stock’s 50-day moving average is $143.32 and its 200-day moving average is $133.28. Aon PLC has a 12 month low of $107.19 and a 12 month high of $149.50.
Aon PLC (NYSE:AON) last released its quarterly earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.45. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts anticipate that Aon PLC will post $6.50 EPS for the current year.
In other Aon PLC news, CEO Michael J. O’connor sold 10,000 shares of Aon PLC stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $145.00, for a total transaction of $1,450,000.00. Following the transaction, the chief executive officer now directly owns 123,805 shares in the company, valued at approximately $17,951,725. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.90% of the company’s stock.
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A number of research firms recently commented on AON. Morgan Stanley reiterated an “equal weight” rating and set a $138.00 price objective (up previously from $130.00) on shares of Aon PLC in a research note on Thursday, July 6th. ValuEngine lowered shares of Aon PLC from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub lowered shares of Aon PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Citigroup Inc. lifted their price target on shares of Aon PLC from $155.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Finally, Langen Mcalenn lowered shares of Aon PLC from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $138.20.
About Aon PLC
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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