Aon PLC (AON) Plans $0.33 Quarterly Dividend
Aon PLC (NYSE:AON) announced a quarterly dividend on Monday, October 17th. Shareholders of record on Tuesday, November 1st will be given a dividend of 0.33 per share on Tuesday, November 15th. This represents a $1.32 dividend on an annualized basis and a yield of 1.20%.
Aon PLC (NYSE:AON) traded down 0.65% during mid-day trading on Monday, reaching $109.97. The company’s stock had a trading volume of 927,387 shares. Aon PLC has a 12-month low of $83.83 and a 12-month high of $113.78. The company has a market cap of $29.21 billion, a PE ratio of 20.71 and a beta of 1.02. The firm’s 50 day moving average is $111.25 and its 200-day moving average is $108.17.
Aon PLC (NYSE:AON) last announced its quarterly earnings data on Friday, July 29th. The company reported $1.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.39. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.85 billion. Aon PLC had a return on equity of 30.10% and a net margin of 12.65%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.31 earnings per share. Equities analysts anticipate that Aon PLC will post $6.49 earnings per share for the current fiscal year.
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A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Aon PLC from a “sell” rating to a “hold” rating in a report on Monday, September 26th. Citigroup Inc. increased their price objective on Aon PLC from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, October 11th. Barclays PLC cut their price objective on Aon PLC from $104.00 to $99.00 and set an “equal weight” rating on the stock in a report on Friday, September 30th. MKM Partners lowered Aon PLC from a “buy” rating to a “neutral” rating and set a $115.00 price objective on the stock. in a report on Tuesday, August 9th. They noted that the move was a valuation call. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $115.00 price objective (up from $107.00) on shares of Aon PLC in a report on Tuesday, July 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $108.75.
In other Aon PLC news, CEO Stephen P. Mcgill sold 46,698 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $108.41, for a total transaction of $5,062,530.18. Following the transaction, the chief executive officer now owns 252,071 shares in the company, valued at $27,327,017.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in AON. Allianz Asset Management AG increased its position in Aon PLC by 0.4% in the second quarter. Allianz Asset Management AG now owns 71,415 shares of the company’s stock valued at $7,801,000 after buying an additional 278 shares during the period. Nuveen Asset Management LLC increased its position in Aon PLC by 1.5% in the second quarter. Nuveen Asset Management LLC now owns 18,906 shares of the company’s stock valued at $2,065,000 after buying an additional 281 shares during the period. Nations Financial Group Inc. IA ADV increased its position in Aon PLC by 11.1% in the second quarter. Nations Financial Group Inc. IA ADV now owns 3,000 shares of the company’s stock valued at $328,000 after buying an additional 300 shares during the period. Thrivent Financial for Lutherans increased its position in Aon PLC by 4.4% in the second quarter. Thrivent Financial for Lutherans now owns 8,255 shares of the company’s stock valued at $902,000 after buying an additional 350 shares during the period. Finally, Veritable L.P. increased its position in Aon PLC by 6.8% in the second quarter. Veritable L.P. now owns 6,260 shares of the company’s stock valued at $684,000 after buying an additional 398 shares during the period. Institutional investors and hedge funds own 84.50% of the company’s stock.
Aon PLC Company Profile
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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