Aon PLC (NYSE:AON) announced a quarterly dividend on Monday, October 17th. Investors 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%.
Shares of Aon PLC (NYSE:AON) opened at 109.97 on Tuesday. Aon PLC has a 12-month low of $83.83 and a 12-month high of $113.78. The stock has a market cap of $29.21 billion, a P/E ratio of 20.71 and a beta of 1.02. The company’s 50-day moving average is $111.25 and its 200-day moving average is $108.28.
Aon PLC (NYSE:AON) last announced its earnings results on Friday, July 29th. The company reported $1.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.39. Aon PLC had a net margin of 12.65% and a return on equity of 30.10%. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter in the previous year, the business posted $1.31 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, equities research analysts anticipate that Aon PLC will post $6.49 earnings per share for the current year.
In other news, CEO Stephen P. Mcgill sold 46,698 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $108.41, for a total transaction of $5,062,530.18. Following the completion of the sale, the chief executive officer now owns 252,071 shares of the company’s stock, valued at approximately $27,327,017.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in AON. Compagnie Lombard Odier SCmA acquired a new stake in Aon PLC during the second quarter valued at approximately $121,000. Advisor Group Inc. acquired a new stake in Aon PLC during the second quarter valued at approximately $295,000. Engineers Gate Manager LP acquired a new stake in Aon PLC during the second quarter valued at approximately $328,000. Nations Financial Group Inc. IA ADV raised its stake 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 last quarter. Finally, Wall Street Associates raised its stake in Aon PLC by 38.2% in the second quarter. Wall Street Associates now owns 4,709 shares of the company’s stock valued at $514,000 after buying an additional 1,302 shares during the last quarter. 84.50% of the stock is owned by hedge funds and other institutional investors.
AON has been the topic of a number of research reports. Barclays PLC dropped their target price on shares of Aon PLC from $104.00 to $99.00 and set an “equal weight” rating on the stock in a report on Friday, September 30th. Zacks Investment Research upgraded shares of Aon PLC from a “sell” rating to a “hold” rating in a report on Monday, September 26th. Citigroup Inc. boosted their target price on shares of Aon PLC from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, October 11th. Credit Suisse Group AG set a $90.00 target price on shares of Aon PLC and gave the company a “sell” rating in a report on Monday, September 12th. Finally, Jefferies Group boosted their target price on shares of Aon PLC from $120.00 to $123.00 and gave the company a “buy” rating in a report on Monday, August 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Aon PLC has an average rating of “Hold” and an average price target of $108.75.
About Aon PLC
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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