Short Interest in Aon plc (NYSE:AON) Declines By 10.4%

Aon plc (NYSE:AON - Get Free Report) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 4,290,000 shares, a decrease of 10.4% from the November 30th total of 4,790,000 shares. Based on an average daily volume of 1,020,000 shares, the short-interest ratio is currently 4.2 days. Currently, 2.1% of the shares of the stock are short sold.

AON Trading Up 0.3 %

Shares of AON traded up $1.19 during mid-day trading on Wednesday, hitting $359.16. The company had a trading volume of 522,750 shares, compared to its average volume of 1,154,647. The stock has a market cap of $77.67 billion, a PE ratio of 30.31, a P/E/G ratio of 2.27 and a beta of 0.91. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66. The business's 50-day simple moving average is $372.50 and its 200-day simple moving average is $343.92. AON has a 1-year low of $268.06 and a 1-year high of $395.33.

AON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.75%. The ex-dividend date was Friday, November 1st. AON's dividend payout ratio (DPR) is 22.78%.

Insider Buying and Selling at AON

In other news, COO Mindy F. Simon sold 650 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total transaction of $256,321.00. Following the transaction, the chief operating officer now owns 1,816 shares of the company's stock, valued at approximately $716,121.44. This represents a 26.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lisa Stevens sold 1,275 shares of the company's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the completion of the sale, the insider now directly owns 8,077 shares of the company's stock, valued at approximately $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Valley Wealth Managers Inc. increased its position in shares of AON by 3.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 886 shares of the financial services provider's stock worth $307,000 after purchasing an additional 28 shares during the last quarter. CVA Family Office LLC boosted its stake in AON by 8.4% in the third quarter. CVA Family Office LLC now owns 373 shares of the financial services provider's stock valued at $129,000 after acquiring an additional 29 shares during the period. Amplius Wealth Advisors LLC boosted its position in AON by 2.4% during the 3rd quarter. Amplius Wealth Advisors LLC now owns 1,331 shares of the financial services provider's stock valued at $460,000 after purchasing an additional 31 shares during the period. Intellectus Partners LLC boosted its holdings in shares of AON by 3.2% during the third quarter. Intellectus Partners LLC now owns 992 shares of the financial services provider's stock valued at $343,000 after acquiring an additional 31 shares during the period. Finally, waypoint wealth counsel increased its holdings in shares of AON by 3.6% in the 3rd quarter. waypoint wealth counsel now owns 927 shares of the financial services provider's stock worth $321,000 after acquiring an additional 32 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Jefferies Financial Group upped their target price on AON from $344.00 to $365.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. TD Cowen increased their price target on AON from $413.00 to $432.00 in a research report on Thursday, October 24th. Evercore ISI boosted their price objective on AON from $338.00 to $384.00 and gave the company an "in-line" rating in a research report on Wednesday, October 9th. Wells Fargo & Company upgraded AON from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $315.00 to $377.00 in a research report on Monday, October 28th. Finally, Bank of America increased their price objective on shares of AON from $345.00 to $375.00 and gave the company an "underperform" rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $362.06.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.