As Aon Plc (AON) Shares Rose, Holder Artisan Partners Limited Partnership Trimmed Its Stake by $36.89 Million

February 19, 2018 - By Migdalia James

Artisan Partners Limited Partnership decreased its stake in Aon Plc (AON) by 2.04% based on its latest 2017Q3 regulatory filing with the SEC. Artisan Partners Limited Partnership sold 252,638 shares as the company’s stock rose 8.30% with the market. The institutional investor held 12.12 million shares of the specialty insurers company at the end of 2017Q3, valued at $1.77 billion, down from 12.37 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 $35.22B market cap company. The stock decreased 0.02% or $0.03 during the last trading session, reaching $140.86. About 1.24M shares traded. Aon plc (NYSE:AON) has risen 21.47% since February 19, 2017 and is uptrending. It has outperformed by 4.77% the S&P500.

Artisan Partners Limited Partnership, which manages about $54.11 billion US Long portfolio, upped its stake in Roper Technologies Inc (NYSE:ROP) by 72,673 shares to 1.07 million shares, valued at $261.62 million in 2017Q3, according to the filing. It also increased its holding in State Str Corp (NYSE:STT) by 1.38 million shares in the quarter, for a total of 4.47 million shares, and has risen its stake in Asml Holding N V (NASDAQ:ASML).

More notable recent Aon plc (NYSE:AON) news were published by: Prnewswire.com which released: “Insurance Brokers Stock Performance Review — Arthur J. Gallagher, Aon PLC …” on October 27, 2017, also Prnewswire.com with their article: “Aon Declares Quarterly Dividend” published on January 15, 2018, Benzinga.com published: “BMO’s Adjustment In Coverage Of AIG, Chubb Limited And The Insurance Sector” on July 11, 2016. More interesting news about Aon plc (NYSE:AON) were released by: Prnewswire.com and their article: “Aon Reports Third Quarter 2017 Results” published on October 27, 2017 as well as Seekingalpha.com‘s news article titled: “58 Stocks Going Ex-Dividend Next Week (Oct. 30th-Nov. 3rd)” with publication date: October 26, 2017.

Aon plc (NYSE:AON) Ratings Coverage

Among 15 analysts covering Aon Corporation (NYSE:AON), 3 have Buy rating, 2 Sell and 10 Hold. Therefore 20% are positive. Aon Corporation had 47 analyst reports since August 3, 2015 according to SRatingsIntel. As per Monday, October 16, the company rating was maintained by Barclays Capital. The stock of Aon plc (NYSE:AON) has “Outperform” rating given on Monday, May 2 by RBC Capital Markets. Keefe Bruyette & Woods maintained it with “Buy” rating and $14300 target in Wednesday, June 7 report. The rating was downgraded by Raymond James to “Underperform” on Friday, April 15. As per Monday, August 3, the company rating was initiated by Janney Capital. Keefe Bruyette & Woods maintained Aon plc (NYSE:AON) on Monday, December 4 with “Buy” rating. The stock of Aon plc (NYSE:AON) has “Hold” rating given on Monday, July 17 by RBC Capital Markets. The stock has “Sell” rating by Zacks on Tuesday, August 4. The stock has “Buy” rating by Citigroup on Friday, April 8. On Monday, November 7 the stock rating was upgraded by Sandler O’Neill to “Buy”.

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