Aon plc (AON) To Go Ex-Dividend on May 1st

Aon plc (NYSE:AON) announced a quarterly dividend on Friday, April 11th, RTT News reports. Shareholders of record on Thursday, May 1st will be paid a dividend of 0.745 per share by the financial services provider on Thursday, May 15th. This represents a $2.98 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Thursday, May 1st. This is a 10.4% increase from AON’s previous quarterly dividend of $0.68.

AON has a payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 2.3 %

Shares of NYSE AON opened at $343.63 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. AON has a 12 month low of $275.07 and a 12 month high of $412.97. The firm has a fifty day simple moving average of $385.51 and a two-hundred day simple moving average of $375.83. The firm has a market capitalization of $74.22 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share for the quarter, missing the consensus estimate of $6.04 by ($0.37). The company had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. The business’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.66 EPS. Equities analysts expect that AON will post 17.21 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Jefferies Financial Group upped their target price on shares of AON from $396.00 to $416.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Royal Bank of Canada lifted their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Redburn Atlantic upgraded shares of AON to a “hold” rating in a research report on Tuesday, March 25th. Finally, Wells Fargo & Company lifted their price target on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $392.00.

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.