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

Aon plc (NYSE:AON) declared a quarterly dividend on Friday, October 11th, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, November 1st.

AON has a dividend payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AON to earn $17.37 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 Performance

NYSE:AON opened at $369.43 on Thursday. AON has a 1-year low of $268.06 and a 1-year high of $389.21. The firm has a 50 day simple moving average of $351.06 and a 200-day simple moving average of $317.89. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.42. The firm has a market cap of $80.25 billion, a PE ratio of 31.18, a P/E/G ratio of 2.43 and a beta of 0.92.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AON. TD Cowen lifted their price target on shares of AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Evercore ISI boosted their target price on shares of AON from $338.00 to $384.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Barclays assumed coverage on shares of AON in a research note on Wednesday, September 4th. They set an “overweight” rating and a $394.00 price target on the stock. Jefferies Financial Group raised their target price on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $335.00 price target on shares of AON in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $355.75.

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.