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

Aon plc (NYSE:AON) declared a quarterly dividend on Friday, October 9th. Investors of record on Monday, November 2nd will be paid a dividend of $0.82 per share by the financial services provider on Friday, November 13th. This represents a $3.28 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, November 2nd.

AON has increased its dividend payment by an average of 0.1% per year over the last three years. AON has a payout ratio of 18.9% indicating that 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 Stock Up 0.0%

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 business has a 50 day moving average price of $302.17 and a two-hundred day moving average price of $326.08. The company has a market cap of $68.26 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 1.68 and a beta of 0.70. AON has a twelve month low of $266.33 and a twelve month high of $382.34.

AON (NYSE:AON) last announced its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $3.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.30 by $0.06. The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. AON had a return on equity of 40.46% and a net margin of 22.24%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.05 EPS. Analysts anticipate that AON will post 18.63 EPS for the current fiscal year.

Insider Transactions at AON

In related news, Director Lester Knight acquired 20,000 shares of AON stock in a transaction on Wednesday, September 2nd. The stock was purchased at an average cost of $327.48 per share, with a total value of $6,549,600.00. Following the completion of the transaction, the director directly owned 163,000 shares in the company, valued at $53,379,240. This trade represents a 13.99% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AON

Several large investors have recently modified their holdings of AON. Ascent Group LLC lifted its position in shares of AON by 1.5% during the 3rd quarter. Ascent Group LLC now owns 6,855 shares of the financial services provider’s stock worth $1,897,000 after buying an additional 100 shares during the last quarter. Rakuten Investment Management Inc. bought a new position in AON in the third quarter valued at about $10,339,000. Provenance Wealth Advisors LLC raised its stake in AON by 3,069.3% during the third quarter. Provenance Wealth Advisors LLC now owns 4,754 shares of the financial services provider’s stock worth $1,316,000 after acquiring an additional 4,604 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in AON during the third quarter worth about $15,176,000. Finally, Aviance Capital Partners LLC bought a new position in shares of AON in the third quarter worth about $208,000. 86.14% of the stock is owned by institutional investors.

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.