Aon PLC (NYSE:AON) Short Interest Up 10.2% in June

Aon PLC (NYSE:AON) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 12,300,000 shares, a growth of 10.2% from the June 15th total of 11,160,000 shares. Based on an average trading volume of 1,580,000 shares, the short-interest ratio is currently 7.8 days. Currently, 5.4% of the shares of the company are sold short.

Shares of AON traded up $0.44 on Tuesday, reaching $193.14. 28,358 shares of the company’s stock were exchanged, compared to its average volume of 1,551,376. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $44.24 billion, a P/E ratio of 27.85 and a beta of 0.88. The business has a 50 day moving average price of $191.93 and a two-hundred day moving average price of $196.89. AON has a 12 month low of $143.93 and a 12 month high of $238.19.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, May 1st. The financial services provider reported $3.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.67 by $0.01. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.28 billion. AON had a net margin of 14.84% and a return on equity of 63.91%. AON’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.31 earnings per share. Equities research analysts predict that AON will post 9.74 EPS for the current year.

A number of research firms recently commented on AON. JPMorgan Chase & Co. raised shares of AON from a “neutral” rating to an “overweight” rating and set a $219.00 price objective for the company in a research note on Monday, March 16th. Wells Fargo & Co reduced their price objective on shares of AON from $232.00 to $215.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. MKM Partners dropped their target price on shares of AON from $260.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Cfra dropped their price objective on shares of AON from $230.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Finally, Deutsche Bank dropped their price objective on shares of AON from $186.00 to $180.00 and set a “hold” rating on the stock in a report on Tuesday, March 17th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. AON currently has an average rating of “Buy” and an average price target of $211.10.

In other AON news, President Eric Andersen sold 1,500 shares of AON stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $199.13, for a total value of $298,695.00. Following the transaction, the president now owns 102,814 shares in the company, valued at $20,473,351.82. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael Neller sold 750 shares of AON stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $190.50, for a total transaction of $142,875.00. Following the completion of the transaction, the insider now owns 3,459 shares in the company, valued at approximately $658,939.50. The disclosure for this sale can be found here. Insiders sold 2,850 shares of company stock worth $560,250 in the last three months. 0.97% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of AON. Lloyd Advisory Services LLC. increased its stake in AON by 3,750.0% in the first quarter. Lloyd Advisory Services LLC. now owns 154 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. AllSquare Wealth Management LLC bought a new stake in AON in the first quarter valued at approximately $26,000. Magellan Asset Management Ltd bought a new stake in AON in the first quarter valued at approximately $27,000. Orion Portfolio Solutions LLC bought a new stake in AON in the fourth quarter valued at approximately $33,000. Finally, Retirement Network bought a new stake in shares of AON during the first quarter worth $33,000. 80.21% of the stock is owned by hedge funds and other institutional investors.

AON Company Profile

Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.

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