Zevin Asset Management Cut Its Abbvie (ABBV) Stake by $319,680 as Share Price Rose; As Aon (AON) Valuation Rose, Holder Connable Office Lowered Its Holding

November 15, 2017 - By Henry Gaston

Connable Office Inc decreased its stake in Aon Corporation (AON) by 30.14% based on its latest 2017Q2 regulatory filing with the SEC. Connable Office Inc sold 6,649 shares as the company’s stock rose 8.30% with the market. The institutional investor held 15,410 shares of the specialty insurers company at the end of 2017Q2, valued at $2.05 million, down from 22,059 at the end of the previous reported quarter. Connable Office Inc who had been investing in Aon Corporation for a number of months, seems to be less bullish one the $35.46B market cap company. The stock increased 1.09% or $1.55 during the last trading session, reaching $143.54. About shares traded. Aon plc Class A Ordinary Shares (UK) (NYSE:AON) has risen 21.47% since November 15, 2016 and is uptrending. It has outperformed by 4.77% the S&P500.

Zevin Asset Management Llc decreased its stake in Abbvie Inc. (ABBV) by 3.93% based on its latest 2017Q2 regulatory filing with the SEC. Zevin Asset Management Llc sold 4,440 shares as the company’s stock rose 6.17% with the market. The institutional investor held 108,504 shares of the major pharmaceuticals company at the end of 2017Q2, valued at $7.87M, down from 112,944 at the end of the previous reported quarter. Zevin Asset Management Llc who had been investing in Abbvie Inc. for a number of months, seems to be less bullish one the $151.04B market cap company. The stock decreased 0.40% or $0.38 during the last trading session, reaching $94.75. About shares traded. AbbVie Inc (NYSE:ABBV) has risen 10.63% since November 15, 2016 and is uptrending. It has underperformed by 6.07% the S&P500.

Investors sentiment increased to 1 in Q2 2017. Its up 0.01, from 0.99 in 2017Q1. It improved, as 55 investors sold ABBV shares while 581 reduced holdings. 138 funds opened positions while 500 raised stakes. 1.04 billion shares or 0.53% more from 1.04 billion shares in 2017Q1 were reported. Seabridge Invest Llc reported 2,600 shares. Pnc Ser Group owns 4.79 million shares for 0.37% of their portfolio. 15,651 are owned by Tcw Grp Inc. State Of New Jersey Common Pension Fund D reported 0.59% of its portfolio in AbbVie Inc (NYSE:ABBV). Comerica Fincl Bank has invested 1.02% in AbbVie Inc (NYSE:ABBV). Amg Natl Savings Bank holds 0.41% or 77,293 shares in its portfolio. Kentucky-based Alphamark Advsrs Ltd Liability Com has invested 0.15% in AbbVie Inc (NYSE:ABBV). Kessler Investment Gp Ltd Liability Company owns 7,651 shares. 4,470 are held by Ipswich Invest Mgmt Company. Lombard Odier Asset Mngmt (Switzerland) Sa reported 184,597 shares. Manufacturers Life Insurance Commerce The has invested 0.29% in AbbVie Inc (NYSE:ABBV). Plancorp Lc has invested 0.52% in AbbVie Inc (NYSE:ABBV). Provise Management Grp accumulated 46,127 shares or 0.51% of the stock. First Financial Corp In has invested 1.08% in AbbVie Inc (NYSE:ABBV). Halsey Assocs Ct accumulated 15,256 shares.

Since May 18, 2017, it had 0 buys, and 2 insider sales for $8.79 million activity. On Friday, May 19 the insider GONZALEZ RICHARD A sold $4.67 million. CHASE WILLIAM J sold $2.50M worth of stock. On Wednesday, June 14 ALBAN CARLOS sold $3.21 million worth of AbbVie Inc (NYSE:ABBV) or 45,800 shares.

More notable recent AbbVie Inc (NYSE:ABBV) news were published by: Seekingalpha.com which released: “AbbVie inks $225M neurodegenerative drug development deal with Alector” on October 24, 2017, also Nasdaq.com with their article: “Tiaa Cref Investment Management Llc Buys DowDuPont Inc, Costco Wholesale Corp …” published on November 13, 2017, Seekingalpha.com published: “AbbVie: Another Spectacular Quarter From This Dividend Aristocrat” on October 28, 2017. More interesting news about AbbVie Inc (NYSE:ABBV) were released by: Investorplace.com and their article: “AbbVie Inc (ABBV) Earnings: 12 Things to Know” published on October 27, 2017 as well as Nasdaq.com‘s news article titled: “Physicians Financial Services, Inc. Buys DowDuPont Inc, Red Hat Inc, AbbVie …” with publication date: November 02, 2017.

Analysts await AbbVie Inc (NYSE:ABBV) to report earnings on January, 26. They expect $1.43 earnings per share, up 19.17% or $0.23 from last year’s $1.2 per share. ABBV’s profit will be $2.28 billion for 16.56 P/E if the $1.43 EPS becomes a reality. After $1.41 actual earnings per share reported by AbbVie Inc for the previous quarter, Wall Street now forecasts 1.42% EPS growth.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 11 have Buy rating, 1 Sell and 9 Hold. Therefore 52% are positive. Abbvie Inc had 66 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of AbbVie Inc (NYSE:ABBV) earned “Buy” rating by TheStreet on Tuesday, August 11. The firm has “Buy” rating given on Friday, October 23 by UBS. On Sunday, July 30 the stock rating was maintained by BMO Capital Markets with “Hold”. On Friday, December 18 the stock rating was initiated by Atlantic Securities with “Neutral”. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, June 7. Jefferies maintained it with “Buy” rating and $94.0 target in Friday, August 18 report. Piper Jaffray maintained AbbVie Inc (NYSE:ABBV) rating on Friday, September 15. Piper Jaffray has “Buy” rating and $100.0 target. Goldman Sachs maintained it with “Buy” rating and $80 target in Friday, March 10 report. Citigroup upgraded AbbVie Inc (NYSE:ABBV) on Monday, September 28 to “” rating. As per Thursday, September 28, the company rating was upgraded by Deutsche Bank.

Among 13 analysts covering Aon Corporation (NYSE:AON), 3 have Buy rating, 2 Sell and 8 Hold. Therefore 23% are positive. Aon Corporation had 41 analyst reports since August 3, 2015 according to SRatingsIntel. On Monday, October 30 the stock rating was downgraded by Sandler O’Neill to “Hold”. Wells Fargo maintained the shares of AON in report on Friday, August 4 with “Hold” rating. Barclays Capital maintained Aon plc Class A Ordinary Shares (UK) (NYSE:AON) on Monday, October 16 with “Equal-Weight” rating. The rating was maintained by RBC Capital Markets on Tuesday, September 5 with “Hold”. The rating was upgraded by Keefe Bruyette & Woods on Monday, November 21 to “Outperform”. Jefferies maintained the shares of AON in report on Friday, October 27 with “Buy” rating. The firm earned “Neutral” rating on Wednesday, June 21 by Janney Capital. Jefferies maintained the stock with “Buy” rating in Monday, October 30 report. The stock of Aon plc Class A Ordinary Shares (UK) (NYSE:AON) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, June 7. The company was maintained on Friday, August 4 by RBC Capital Markets.

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