Traders are a little more bearish on the company if you take a look at the increase in short interest. The company had a rise in short interest from September 29, 2017 to October 13, 2017 of 9.44%. Short interest grew 244,815 over that timeframe. With short interest at 2,837,731 and short average daily volume at 808,880, days to cover is 4.0 and the percentage of shorted shares was 0.01% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (AON). As of the end of the quarter Parametrica Management Ltd had disposed of 1,154 shares trimming its holdings by 40.6%. The value of the total investment in Aon plc Class A Ordinary Shares went from $378,000 to $247,000 a change of 34.7% quarter over quarter. As of quarter end Edgestream Partners, L.p. had bought a total of 5,937 shares growing its position 121.7%. The value of the investment in AON increased from $648,000 to $1,580,000 a change of $932,000 for the reporting period.
As of quarter end Goelzer Investment Management, Inc. had bought a total of 2,875 shares growing its stake by 15.5%. The value of the investment in Aon plc Class A Ordinary Shares went from $2,472,000 to $3,137,000 increasing 26.9% quarter to quarter. Andra Ap-fonden bolstered its investment by buying 6,809 shares an increase of 7.0% in the quarter. Andra Ap-fonden now holds 104,309 shares worth $15,240,000. The total value of its holdings increased 17.6%.
On July 13 Citigroup made no change to the stock rating of “Buy” but raised the price target to $155.00 from $130.00. August 7 investment analysts at Citigroup held the stock rating at “Buy” but raised the price expectation from $155.00 to $159.00.
On August 9 Deutsche Bank kept the stock rating at “Buy” and raised the price expectation to $159.00 from $94.00. On October 16 Barclays kept the company rating at “Equal-Weight” and moved up the price target to $140.00 from $135.00.
The company is trading up by 0.24% percent from yesterday’s close. Aon plc Class A Ordinary Shares declared a dividend that will be paid on Wednesday November 15th, 2017. The dividend payment will be $0.360 per share for the quarter or $1.44 on an annualized basis. This dividend amount will represent a yield of $0.99. The ex-dividend date is Tuesday the 31st of October 2017.
The stock is trading at $143.43 just a bit lower than $147.09, the 50 day moving average and which is marginally over the 200 day moving average of $136.35. The 50 day moving average was down $-3.66 whereas the 200 day average was up by +5.19%.
The company’s P/E ratio is 20.95 and market cap is 36.48B. As of the latest earnings report the EPS was $6.85 and is expected to be $6.50 for the current year with 254,337,000 shares currently outstanding. Next quarter’s EPS is expected be $1.79 and the next full year EPS is projected to be $8.05.
Aon plc, launched on December 8, 2011, is a provider of risk management services, insurance and reinsurance brokerage, and human resource (HR) consulting and outsourcing. The Company operates through two segments: Risk Solutions and HR Solutions. The Risk Solutions segment acts as an advisor and insurance and reinsurance broker, helping clients manage their risks through consultation, as well as negotiation and placement of insurance risk with insurance carriers through its global distribution network. The HR Solutions segment partners with organizations to solve their human capital and related financial challenges in the areas of health, retirement and talent. The Company is involved in designing, implementing, communicating and administering a range of human capital, retirement, investment consulting, healthcare, compensation and talent management strategies..