Aon Plc (AON) Share Value Rose While Corsair Capital Management LP Has Trimmed Holding

May 17, 2018 - By James Hentges

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Jay Petschek decreased its stake in Aon Plc (AON) by 14.17% based on its latest 2017Q4 regulatory filing with the SEC. Corsair Capital Management Lp sold 28,686 shares as the company’s stock rose 4.10% while stock markets declined. The hedge fund run by Jay Petschek held 173,715 shares of the specialty insurers company at the end of 2017Q4, valued at $23.28M, down from 202,401 at the end of the previous reported quarter. Corsair Capital Management Lp who had been investing in Aon Plc for a number of months, seems to be less bullish one the $34.47B market cap company. The stock increased 0.64% or $0.895 during the last trading session, reaching $140.885. About 284,733 shares traded. Aon plc (NYSE:AON) has risen 17.45% since May 17, 2017 and is uptrending. It has outperformed by 5.90% the S&P500.

Corsair Capital Management Lp, which manages about $1.44B and $559.98 million US Long portfolio, upped its stake in Extended Stay Amer Inc (NYSE:STAY) by 455,217 shares to 768,272 shares, valued at $14.60 million in 2017Q4, according to the filing.

Analysts await Aon plc (NYSE:AON) to report earnings on August, 3. They expect $1.63 EPS, up 12.41 % or $0.18 from last year’s $1.45 per share. AON’s profit will be $398.76M for 21.61 P/E if the $1.63 EPS becomes a reality. After $2.97 actual EPS reported by Aon plc for the previous quarter, Wall Street now forecasts -45.12 % negative EPS growth.

More recent Aon plc (NYSE:AON) news were published by: which released: “Aon Corporation 2018 Q1 – Results – Earnings Call Slides” on May 04, 2018. Also published the news titled: “Aon plc (AON) Names Eric Andersen and Michael O’Connor as Co-Presidents” on May 15, 2018.‘s news article titled: “Aon Appoints Eric Andersen and Michael O’Connor as Co-Presidents of the Firm” with publication date: May 15, 2018 was also an interesting one.

Aon plc (NYSE:AON) Ratings Coverage

Among 7 analysts covering Aon (NYSE:AON), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Aon had 12 analyst reports since December 4, 2017 according to SRatingsIntel. Citigroup maintained the shares of AON in report on Wednesday, February 28 with “Buy” rating. The stock of Aon plc (NYSE:AON) has “Buy” rating given on Friday, February 9 by Citigroup. Citigroup maintained the shares of AON in report on Tuesday, May 8 with “Buy” rating. The firm earned “Buy” rating on Thursday, March 15 by Goldman Sachs. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Monday, December 4. The stock of Aon plc (NYSE:AON) has “Equal-Weight” rating given on Tuesday, February 20 by Barclays Capital. The stock of Aon plc (NYSE:AON) earned “Buy” rating by Jefferies on Friday, February 2. On Tuesday, March 27 the stock rating was maintained by Citigroup with “Buy”. The firm has “Buy” rating by Citigroup given on Tuesday, April 10. The company was downgraded on Tuesday, January 16 by William Blair.

Aon plc (NYSE:AON) Ratings Chart

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