Aon plc (NYSE:AON) Holdings Lowered by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. cut its stake in Aon plc (NYSE:AON) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,902,727 shares of the financial services provider’s stock after selling 366,738 shares during the period. AON comprises approximately 6.4% of Mawer Investment Management Ltd.’s portfolio, making the stock its largest position. Mawer Investment Management Ltd. owned approximately 1.80% of AON worth $1,401,703,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. FMR LLC increased its stake in AON by 38.5% in the third quarter. FMR LLC now owns 628,956 shares of the financial services provider’s stock valued at $217,612,000 after purchasing an additional 174,838 shares during the period. Glenmede Trust Co. NA increased its position in AON by 10.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 33,386 shares of the financial services provider’s stock valued at $11,551,000 after acquiring an additional 3,205 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in AON during the 3rd quarter worth approximately $4,676,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AON by 3.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,606 shares of the financial services provider’s stock valued at $26,159,000 after purchasing an additional 2,435 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of AON in the third quarter valued at approximately $330,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Price Performance

NYSE:AON opened at $394.22 on Friday. The firm has a market cap of $85.15 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The company’s 50-day moving average is $388.72 and its two-hundred day moving average is $372.20.

AON (NYSE:AON) last announced its earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter last year, the company earned $3.89 EPS. Research analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, February 3rd. AON’s dividend payout ratio is currently 21.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of AON from $379.00 to $394.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Piper Sandler boosted their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods raised their price objective on shares of AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Evercore ISI raised AON from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $407.00 to $420.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company lifted their price target on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, AON has a consensus rating of “Hold” and an average target price of $386.21.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.