Mawer Investment Management Ltd. Has $755.25 Million Position in Aon PLC (AON)
Mawer Investment Management Ltd. increased its stake in Aon PLC (NYSE:AON) by 0.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,169,376 shares of the financial services provider’s stock after purchasing an additional 38,212 shares during the period. Aon PLC makes up 6.4% of Mawer Investment Management Ltd.’s holdings, making the stock its biggest holding. Mawer Investment Management Ltd. owned 2.07% of Aon PLC worth $755,246,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Parallel Advisors LLC boosted its stake in Aon PLC by 16.7% in the second quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock valued at $102,000 after buying an additional 106 shares in the last quarter. Fiduciary Trust Co. acquired a new stake in Aon PLC in the second quarter valued at about $108,000. Pathstone Family Office LLC boosted its stake in Aon PLC by 6,775.0% in the second quarter. Pathstone Family Office LLC now owns 825 shares of the financial services provider’s stock valued at $1,703,000 after buying an additional 813 shares in the last quarter. Magellan Asset Management Ltd boosted its stake in Aon PLC by 110.2% in the second quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock valued at $113,000 after buying an additional 444 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. acquired a new stake in Aon PLC in the second quarter valued at about $126,000. Institutional investors own 88.74% of the company’s stock.
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Aon PLC (NYSE:AON) last posted its quarterly earnings data on Friday, October 27th. The financial services provider reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.01. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.29 billion. Aon PLC had a return on equity of 32.71% and a net margin of 16.78%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.29 earnings per share. analysts predict that Aon PLC will post 6.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Tuesday, October 31st. Aon PLC’s dividend payout ratio is currently 37.60%.
In related news, EVP John G. Bruno sold 10,000 shares of Aon PLC stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $143.24, for a total value of $1,432,400.00. Following the transaction, the executive vice president now directly owns 10,471 shares of the company’s stock, valued at $1,499,866.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 40,000 shares of company stock worth $5,720,400. 0.90% of the stock is owned by insiders.
Several analysts recently weighed in on AON shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $162.00 price objective (up from $146.00) on shares of Aon PLC in a research note on Monday, July 24th. BidaskClub lowered Aon PLC from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Wells Fargo & Company reaffirmed a “hold” rating on shares of Aon PLC in a research note on Friday, August 4th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $143.00 price objective on shares of Aon PLC in a research note on Sunday, August 6th. Finally, Citigroup Inc. lifted their price target on Aon PLC from $155.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. Aon PLC currently has an average rating of “Hold” and an average target price of $144.42.
About Aon PLC
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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