Aon plc (NYSE:AON) Declares $0.75 Quarterly Dividend

Aon plc (NYSE:AON - Get Free Report) announced a quarterly dividend on Friday, July 11th, RTT News reports. Investors of record on Friday, August 1st will be given a dividend of 0.745 per share by the financial services provider on Friday, August 15th. This represents a $2.98 annualized dividend and a yield of 0.84%.

AON has a payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AON to earn $19.36 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 13.9%.

AON Price Performance

Shares of AON stock traded down $3.15 on Friday, hitting $355.85. 857,263 shares of the company were exchanged, compared to its average volume of 1,166,101. The stock has a market capitalization of $76.84 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 2.14 and a beta of 0.84. The company has a 50-day moving average price of $358.20 and a 200 day moving average price of $370.64. AON has a 1-year low of $295.79 and a 1-year high of $412.97. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.26.

AON (NYSE:AON - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). AON had a net margin of 15.58% and a return on equity of 52.71%. The business had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.83 billion. During the same quarter in the prior year, the company posted $5.66 earnings per share. The company's revenue was up 16.2% on a year-over-year basis. As a group, sell-side analysts predict that AON will post 17.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Redburn Atlantic raised AON to a "hold" rating in a report on Tuesday, March 25th. Evercore ISI dropped their target price on AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company increased their target price on AON from $436.00 to $438.00 and gave the company an "overweight" rating in a report on Thursday. Redburn Partners set a $445.00 price objective on AON in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. raised their price objective on AON from $394.00 to $409.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $403.00.

About AON

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.

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