Aon Plc (NYSE:AON) declared a quarterly dividend on Monday, January 11th, RTT News reports. Shareholders of record on Monday, February 1st will be given a dividend of 0.46 per share by the financial services provider on Friday, February 12th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, January 29th.
AON has increased its dividend by 26.2% over the last three years and has raised its dividend annually for the last 9 consecutive years. AON has a dividend payout ratio of 17.1% meaning its dividend is sufficiently covered by earnings. Analysts expect AON to earn $10.60 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 17.4%.
NYSE AON opened at $206.80 on Thursday. The stock has a 50-day simple moving average of $207.34 and a two-hundred day simple moving average of $203.04. The firm has a market capitalization of $47.28 billion, a P/E ratio of 26.68 and a beta of 0.83. AON has a fifty-two week low of $143.93 and a fifty-two week high of $238.19. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.01 and a current ratio of 2.01.
AON (NYSE:AON) last released its quarterly earnings data on Wednesday, November 4th. The financial services provider reported $1.53 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.49 by $0.04. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.32 billion. AON had a return on equity of 65.00% and a net margin of 16.56%. The company's revenue was up .3% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. As a group, analysts forecast that AON will post 9.66 earnings per share for the current year.
Several equities analysts recently weighed in on AON shares. Morgan Stanley cut their price target on AON from $221.00 to $219.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 12th. Piper Sandler lowered AON from an "overweight" rating to a "neutral" rating and cut their price target for the company from $228.00 to $187.00 in a research note on Monday, November 2nd. Evercore ISI started coverage on AON in a research note on Thursday, December 17th. They issued an "inline" rating and a $231.00 price target for the company. Finally, Zacks Investment Research upgraded AON from a "hold" rating to a "buy" rating and set a $223.00 price target for the company in a research note on Thursday, January 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of "Buy" and an average target price of $214.46.
AON declared that its board has authorized a share buyback plan on Friday, November 20th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 10.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.
In related news, COO John G. Bruno bought 1,000 shares of the stock in a transaction dated Friday, November 6th. The shares were acquired at an average cost of $186.46 per share, for a total transaction of $186,460.00. Following the acquisition, the chief operating officer now directly owns 69,685 shares in the company, valued at approximately $12,993,465.10. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Eric Andersen sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $197.46, for a total value of $987,300.00. The disclosure for this sale can be found here. Insiders own 0.97% of the company's stock.
Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance solutions provider; and health solutions, such as health and benefits brokerages, and health care exchanges.
See Also: Trading Stocks - What are percentage gainers?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
15 Stocks that Insiders Love
An insider trade occurs when a corporate executive (such as a CEO, CFO or COO) that has non-public information about a company buys or sells shares of that company's stock. Company insiders are required by law to regularly report their stock purchases and sales to the SEC.
Tracking a company's insider trades is a metric that can be used to identify the direction that the company's executives believes that the company is headed. If a number of insiders purchase more shares of their company, they may believe that the company will have strong future earnings and that the share price will increase in the near future.
For example, if Microsoft's CEO, CFO and COO all recently purchased additional shares of Microsoft stock, that would be an indication that there could be unreported news that may positively effect Microsoft's stock price in the near future.
This slideshow lists the 15 companies that have had the highest levels of insider buying within the last 180 days.
View the "15 Stocks that Insiders Love".