Aon plc (NYSE:AON) Announces Quarterly Dividend of $0.82

Key Points

• Aon declared a quarterly dividend of $0.82 per share, payable November 13 to shareholders of record November 2. The annualized dividend is $3.28, yielding approximately 1.0%.
• Aon reported quarterly EPS of $3.36, beating estimates of $3.30, while revenue rose 2.6% year over year to $4.10 billion. Its 18.9% payout ratio indicates the dividend is well covered by earnings.
• Analyst sentiment is mixed, with twelve Buy, six Hold and three Sell ratings; the consensus rating is “Hold,” with an average price target of $367.59.

Aon plc (NYSE:AON - Get Free Report) declared a quarterly dividend on Friday, October 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date 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 payout ratio of 18.9% meaning its dividend is sufficiently covered by earnings. 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 company has a quick ratio of 1.54, a current ratio of 4.72 and a debt-to-equity ratio of 2.58. The firm has a market cap of $68.26 billion, a P/E ratio of 17.62, a PEG ratio of 1.68 and a beta of 0.70. The company has a 50 day moving average of $302.17 and a 200-day moving average of $326.08. AON has a 12-month low of $266.33 and a 12-month high of $382.34.

AON (NYSE:AON - Get Free Report) last posted its quarterly earnings data 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. AON had a return on equity of 40.46% and a net margin of 22.24%. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the business earned $3.05 earnings per share. AON's revenue for the quarter was up 2.6% on a year-over-year basis. Sell-side analysts anticipate that AON will post 18.63 earnings per share for the current year.

Analysts Set New Price Targets

AON has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on AON from $412.00 to $362.00 and set an "overweight" rating on the stock in a research report on Thursday, October 1st. TD Cowen boosted their price objective on AON from $416.00 to $420.00 and gave the company a "buy" rating in a research note on Monday, September 14th. Cantor Fitzgerald dropped their price objective on shares of AON from $433.00 to $400.00 and set an "overweight" rating on the stock in a report on Wednesday, October 7th. Citigroup began coverage on shares of AON in a research report on Monday, September 21st. They set a "buy" rating and a $435.00 target price for the company. Finally, Roth Capital set a $380.00 target price on shares of AON and gave the stock a "buy" rating in a research note on Tuesday, September 1st. Twelve investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, AON presently has an average rating of "Hold" and an average price target of $367.59.

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.

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