Artisan Partners Limited Partnership Holding in Aon Plc (AON) Lowered as Stock Value Rose

December 8, 2017 - By Louis Casey

Artisan Partners Limited Partnership decreased its stake in Aon Plc (AON) by 2.88% based on its latest 2017Q2 regulatory filing with the SEC. Artisan Partners Limited Partnership sold 366,686 shares as the company’s stock rose 8.30% with the market. The institutional investor held 12.37 million shares of the specialty insurers company at the end of 2017Q2, valued at $1.65 billion, down from 12.74 million at the end of the previous reported quarter. Artisan Partners Limited Partnership who had been investing in Aon Plc for a number of months, seems to be less bullish one the $34.62B market cap company. The stock decreased 0.47% or $0.65 during the last trading session, reaching $138.46. About 966,149 shares traded. Aon plc (NYSE:AON) has risen 21.47% since December 8, 2016 and is uptrending. It has outperformed by 4.77% the S&P500.

Artisan Partners Limited Partnership, which manages about $53.26B US Long portfolio, upped its stake in Diamondback Energy Inc (NASDAQ:FANG) by 1.67 million shares to 1.85M shares, valued at $164.11 million in 2017Q2, according to the filing. It also increased its holding in China Biologic Prods Inc (NASDAQ:CBPO) by 48,861 shares in the quarter, for a total of 444,439 shares, and has risen its stake in Allegion Pub Ltd Co (NYSE:ALLE).

Analysts await Aon plc (NYSE:AON) to report earnings on February, 9. They expect $2.36 earnings per share, down 7.81 % or $0.20 from last year’s $2.56 per share. AON’s profit will be $590.05 million for 14.67 P/E if the $2.36 EPS becomes a reality. After $1.29 actual earnings per share reported by Aon plc for the previous quarter, Wall Street now forecasts 82.95 % EPS growth.

Aon plc (NYSE:AON) Ratings Coverage

Among 14 analysts covering Aon Corporation (NYSE:AON), 3 have Buy rating, 2 Sell and 9 Hold. Therefore 21% are positive. Aon Corporation had 43 analyst reports since August 3, 2015 according to SRatingsIntel. Jefferies maintained Aon plc (NYSE:AON) rating on Monday, October 30. Jefferies has “Buy” rating and $170 target. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, October 16. The stock of Aon plc (NYSE:AON) has “Buy” rating given on Thursday, July 13 by Citigroup. RBC Capital Markets maintained Aon plc (NYSE:AON) rating on Friday, August 4. RBC Capital Markets has “Hold” rating and $14300 target. The stock of Aon plc (NYSE:AON) earned “Buy” rating by Keefe Bruyette & Woods on Monday, December 4. Wells Fargo maintained the shares of AON in report on Monday, October 30 with “Market Perform” rating. Sandler O’Neill downgraded Aon plc (NYSE:AON) on Monday, October 30 to “Hold” rating. Jefferies maintained the stock with “Buy” rating in Friday, October 13 report. The stock of Aon plc (NYSE:AON) earned “Buy” rating by Keefe Bruyette & Woods on Sunday, August 6. The firm has “Sector Perform” rating given on Monday, October 31 by RBC Capital Markets.

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