Orchid Island Capital (ORC) Reaches $9.45 52-Week Low; Weitz Investment Management Cut Its Aon Plc (AON) Stake

August 1, 2017 - By Marguerite Chambers

The stock of Orchid Island Capital Inc (NYSE:ORC) hit a new 52-week low and has $9.07 target or 4.00% below today’s $9.45 share price. The 5 months bearish chart indicates high risk for the $428.12M company. The 1-year low was reported on Aug, 1 by Barchart.com. If the $9.07 price target is reached, the company will be worth $17.12 million less. About 879,567 shares traded. Orchid Island Capital Inc (NYSE:ORC) has 0.00% since August 1, 2016 and is . It has underperformed by 16.70% the S&P500.

Weitz Investment Management Inc decreased Aon Plc (AON) stake by 10.62% reported in 2016Q4 SEC filing. Weitz Investment Management Inc sold 52,386 shares as Aon Plc (AON)’s stock rose 8.30%. The Weitz Investment Management Inc holds 440,811 shares with $49.16 million value, down from 493,197 last quarter. Aon Plc now has $36.21B valuation. The stock rose 0.41% or $0.57 reaching $138.74. About 47,135 shares traded. Aon plc Class A Ordinary Shares (UK) (NYSE:AON) has risen 21.47% since August 1, 2016 and is uptrending. It has outperformed by 4.77% the S&P500.

Analysts await Aon plc Class A Ordinary Shares (UK) (NYSE:AON) to report earnings on August, 4 before the open. They expect $1.46 EPS, up 5.04% or $0.07 from last year’s $1.39 per share. AON’s profit will be $381.05 million for 23.76 P/E if the $1.46 EPS becomes a reality. After $1.45 actual EPS reported by Aon plc Class A Ordinary Shares (UK) for the previous quarter, Wall Street now forecasts 0.69% EPS growth.

Among 11 analysts covering Aon Corporation (NYSE:AON), 4 have Buy rating, 2 Sell and 5 Hold. Therefore 36% are positive. Aon Corporation had 26 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Underperform” rating by Raymond James given on Friday, April 15. On Monday, August 3 the stock rating was initiated by Janney Capital with “”. The rating was upgraded by Keefe Bruyette & Woods to “Outperform” on Monday, November 21. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Wednesday, June 7 report. The stock of Aon plc Class A Ordinary Shares (UK) (NYSE:AON) earned “Sell” rating by Zacks on Tuesday, August 4. Credit Suisse maintained the shares of AON in report on Thursday, May 11 with “Sell” rating. The rating was maintained by Jefferies with “Buy” on Friday, June 16. As per Monday, July 17, the company rating was maintained by RBC Capital Markets. RBC Capital Markets downgraded the shares of AON in report on Monday, October 31 to “Sector Perform” rating. The stock of Aon plc Class A Ordinary Shares (UK) (NYSE:AON) has “Outperform” rating given on Monday, May 2 by RBC Capital Markets.

Orchid Island Capital, Inc. is a specialty finance firm that invests in residential mortgage-backed securities . The company has market cap of $428.12 million. The Company’s business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions. It has a 18.75 P/E ratio. The Company’s portfolio consists of two categories of Agency RMBS: pass-through Agency RMBS and structured Agency RMBS.