Mawer Investment Management Ltd. Has $521.45 Million Stake in Aon plc $AON

Mawer Investment Management Ltd. cut its position in Aon plc (NYSE:AON) by 40.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,477,693 shares of the financial services provider’s stock after selling 1,020,396 shares during the quarter. AON makes up approximately 2.9% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 9th largest holding. Mawer Investment Management Ltd. owned about 0.69% of AON worth $521,448,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AON. Westside Investment Management Inc. raised its holdings in AON by 100.0% in the third quarter. Westside Investment Management Inc. now owns 70 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 35 shares in the last quarter. Wealth Watch Advisors INC bought a new position in AON in the third quarter worth about $25,000. Eagle Bay Advisors LLC bought a new position in AON in the fourth quarter worth about $30,000. Strive Asset Management LLC bought a new position in AON in the third quarter worth about $35,000. Finally, Measured Wealth Private Client Group LLC bought a new position in AON in the third quarter worth about $37,000. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $408.00 target price on shares of AON in a report on Monday, February 2nd. Keefe, Bruyette & Woods dropped their price target on AON from $416.00 to $401.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Cantor Fitzgerald boosted their price target on AON from $393.00 to $412.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Piper Sandler boosted their price target on AON from $355.00 to $360.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AON in a research note on Tuesday, April 21st. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, AON presently has a consensus rating of “Moderate Buy” and an average price target of $396.81.

AON Price Performance

Shares of NYSE AON opened at $320.78 on Tuesday. The business’s 50 day moving average price is $321.79 and its 200 day moving average price is $333.87. The firm has a market cap of $68.51 billion, a P/E ratio of 17.61, a P/E/G ratio of 1.66 and a beta of 0.71. Aon plc has a 52 week low of $304.59 and a 52 week high of $381.00. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.36.

AON (NYSE:AON) last issued its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 EPS for the quarter, beating analysts’ consensus estimates of $6.37 by $0.11. The firm had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.AON’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.67 earnings per share. On average, sell-side analysts expect that Aon plc will post 19.1 earnings per share for the current year.

AON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a $0.82 dividend. This is an increase from AON’s previous quarterly dividend of $0.75. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, May 1st. AON’s payout ratio is currently 16.36%.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.