Aon plc (NYSE:AON) Declares Dividend Increase – $0.51 Per Share

Aon plc (NYSE:AON) announced a quarterly dividend on Thursday, April 15th, RTT News reports. Stockholders of record on Monday, May 3rd will be given a dividend of 0.51 per share by the financial services provider on Friday, May 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.86%. This is a positive change from AON’s previous quarterly dividend of $0.46.

AON stock opened at $236.50 on Friday. 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 has a 1 year low of $167.45 and a 1 year high of $239.99. The firm has a market cap of $53.45 billion, a P/E ratio of 30.52 and a beta of 0.83. The stock has a 50-day simple moving average of $230.17 and a 200-day simple moving average of $213.38.

AON (NYSE:AON) last posted its earnings results on Thursday, February 4th. The financial services provider reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.16. AON had a return on equity of 65.00% and a net margin of 16.56%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the firm earned $2.53 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts predict that AON will post 9.66 EPS for the current year.

A number of equities research analysts have weighed in on AON shares. Atlantic Securities upgraded AON from a “neutral” rating to an “overweight” rating and set a $265.00 price objective for the company in a research note on Thursday, February 11th. JPMorgan Chase & Co. lifted their target price on AON from $228.00 to $241.00 and gave the stock an “overweight” rating in a research report on Monday. They noted that the move was a valuation call. Evercore ISI initiated coverage on AON in a research report on Thursday, December 17th. They issued an “inline” rating and a $231.00 target price for the company. Wells Fargo & Company lifted their target price on AON from $256.00 to $275.00 and gave the stock an “overweight” rating in a research report on Monday, February 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on AON from $196.00 to $205.00 and gave the stock a “hold” rating in a research report on Monday, February 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $224.54.

AON Company Profile

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.

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Dividend History for AON (NYSE:AON)

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