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

Aon plc (NYSE:AON) announced a quarterly dividend on Friday, October 11th, RTT News reports. Investors of record on Friday, November 1st will be given a dividend of 0.675 per share by the financial services provider on Friday, November 15th. This represents a $2.70 annualized dividend and a yield of 0.76%.

AON has a dividend payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Analysts expect AON to earn $17.41 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 Up 0.4 %

AON stock opened at $355.15 on Friday. AON has a 12 month low of $268.06 and a 12 month high of $360.95. The firm has a market cap of $77.15 billion, a PE ratio of 28.39, a P/E/G ratio of 2.28 and a beta of 0.92. The firm has a 50 day simple moving average of $342.73 and a 200 day simple moving average of $314.40. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.42 and a quick ratio of 2.42.

AON (NYSE:AON) last released its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the prior year, the firm earned $2.76 EPS. The firm’s revenue was up 18.4% compared to the same quarter last year. Equities research analysts forecast that AON will post 15.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AON has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of AON from $300.00 to $315.00 and gave the company an “underweight” rating in a report on Thursday. Barclays started coverage on shares of AON in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price objective on the stock. Bank of America upped their price objective on shares of AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday. Jefferies Financial Group upped their price objective on shares of AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods upgraded shares of AON from an “underperform” rating to an “outperform” rating and upped their price objective for the company from $313.00 to $380.00 in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $347.06.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.