April 22, 2023 – &FCF Advisors LLC recently announced that it acquired a new stake in Aon plc (NYSE:AON) in the fourth quarter. This gives the already successful financial services provider more momentum on the NYSE as shareholders gear up for his next quarterly dividend payment scheduled for May 15.
AON’s recent quarterly dividend was increased from $0.56 to $0.615 per share, setting the annual dividend at an impressive $2.46 at a yield of 0.74%, making it an even more attractive prospect for May 1 shareholders. I’m here. The ex-dividend date listed on April 28 is another milestone, offering investors and analysts an opportunity to consider his DPR of 18.48% for the quarter.
Despite AON’s growing strength in terms of its stock price, shareholder payouts, and overall market access, Bloomberg.com notes that several research analyst reports highlight the company’s long-term performance. has been clarified in more detail.
The company looked poised for another great year, according to a report from StockNews.com and a report from BMO Capital Markets last January. Reuters.com picked up on the equity strategist’s statement, revealing that Aon was able to create more resilience against major headwinds compared to peers. ”
A month later, Roth Capital issued a ‘Buy’ rating on AON’s shares. This underscores how resilient the insurance brokerage giant has been in overcoming difficult intellectual property litigation across continents.
This renewed enthusiasm suggests stability, but solid expectations with gains that lack short-term, face-to-face impact given the already strong foundation. And for the nine hold ratings given by investment analysts, two sell ratings and three buy ratings hold a total of 1 overall consensus among all sentiment scores. This is nothing short of bullish for long-term investors.
Given this, it is surprising that JPMorgan Chase & Co., Wells Fargo & Company, and other reputable firms have maintained a more neutral stance among AON shareholders recently with little opposition. It’s not what you should do. All in all, Bloomberg.com data shows an average target price of $319.00 per unit, and we expect the world to hear more from his Aon Plc in late 2023. from.
AON Increases Quarterly Dividend Payments and Gains Trust from Key Stakeholders
AON, a global professional services company that offers a range of risk, retirement and health solutions, has announced an increase in its quarterly dividend from $0.56 to $0.615 per share. The new dividend payout ratio is 18.48%, and shareholders recorded on May 1 will be paid on May 15.
Several institutional investors and hedge funds have recently changed their positions in AON shares. Panagora Asset Management Inc., Sequoia Financial Advisors LLC, Baird Financial Group Inc., Zions Bancorporation NA, and Brown Brothers Harriman & Co. all increased their AON stock positions during the first quarter by acquiring additional shares. increased.
In addition, CFO Christa Davies sold 617 shares in the February 13 transaction for a total of $196,428.12. After this sale, Davies now owns 199,571 shares of the company directly, valued at approximately $63,535,423.56.
In other news related to insider trading, Michael Neller sold 1,000 shares of the company on February 16th for a total of $311,590.00. Following this sale, Neller now owns 1,216 shares of the company’s stock valued at $378,893.44.
Over the past year, AON shares have traded volatilely, with a low of $246.21 and a high of $334.10. It currently trades at around $331.56, giving it a market capitalization of just over $68 billion.
On February 3 of this year, AON announced quarterly results that beat analyst consensus expectations, reaching $3.89 in earnings per share and hitting approximately $3.13 billion in revenue, contrary to analyst expectations $0.22 higher than estimated.
As key stakeholders remain confident in AON’s future growth prospects, it is commonly believed that the increase in new dividend payments reflects their optimism. Analysts expect AON’s share price to continue on an upward trajectory, with the company continuing to deliver innovative solutions to address social and economic challenges, and an impressive earnings report. increase.