Eagle Capital Management LLC Trimmed Holding in Aon Plc (AON) by $139.68 Million

April 16, 2018 - By Rodney Autry

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Boykin Curry decreased its stake in Aon Plc (AON) by 9.87% based on its latest 2017Q4 regulatory filing with the SEC. Eagle Capital Management Llc sold 1.04 million shares as the company’s stock rose 4.10% while stock markets declined. The hedge fund run by Boykin Curry held 9.52 million shares of the specialty insurers company at the end of 2017Q4, valued at $1.28B, down from 10.56M at the end of the previous reported quarter. Eagle Capital Management Llc who had been investing in Aon Plc for a number of months, seems to be less bullish one the $35.61B market cap company. The stock increased 1.81% or $2.57 during the last trading session, reaching $144.59. About 288,672 shares traded. Aon plc (NYSE:AON) has risen 17.45% since April 16, 2017 and is uptrending. It has outperformed by 5.90% the S&P500.

Eagle Capital Management Llc, which manages about $23.89 billion and $26.94 billion US Long portfolio, upped its stake in Twenty (NASDAQ:FOXA) by 879,984 shares to 6.18M shares, valued at $213.33 million in 2017Q4, according to the filing. It also increased its holding in Alphabet Inc Cl C by 44,686 shares in the quarter, for a total of 1.63M shares, and has risen its stake in Twenty (NASDAQ:FOX).

Analysts await Aon plc (NYSE:AON) to report earnings on May, 8. They expect $2.81 EPS, up 93.79 % or $1.36 from last year’s $1.45 per share. AON’s profit will be $692.11 million for 12.86 P/E if the $2.81 EPS becomes a reality. After $2.35 actual EPS reported by Aon plc for the previous quarter, Wall Street now forecasts 19.57 % EPS growth.

Aon plc (NYSE:AON) Ratings Coverage

Among 9 analysts covering Aon Plc (NYSE:AON), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Aon Plc had 16 analyst reports since October 27, 2017 according to SRatingsIntel. The firm earned “Market Perform” rating on Monday, October 30 by Wells Fargo. As per Friday, October 27, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating by Citigroup given on Wednesday, February 28. Barclays Capital maintained the shares of AON in report on Tuesday, February 20 with “Equal-Weight” rating. The firm has “Hold” rating given on Tuesday, January 16 by William Blair. Citigroup maintained Aon plc (NYSE:AON) rating on Friday, February 9. Citigroup has “Buy” rating and $162 target. The stock of Aon plc (NYSE:AON) has “Buy” rating given on Friday, February 2 by Jefferies. The rating was maintained by Jefferies with “Buy” on Friday, October 27. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Monday, December 4. As per Thursday, March 15, the company rating was upgraded by Goldman Sachs.

Aon plc (NYSE:AON) Ratings Chart

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