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

Mawer Investment Management Ltd. lessened its holdings in shares of Aon plc (NYSE:AON) by 8.6% in the fourth quarter, Holdings Channel reports. The firm owned 3,902,727 shares of the financial services provider’s stock after selling 366,738 shares during the period. AON accounts for 6.4% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its biggest position. Mawer Investment Management Ltd.’s holdings in AON were worth $1,401,703,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Endeavor Private Wealth Inc. purchased a new stake in shares of AON in the fourth quarter worth about $29,000. Richardson Financial Services Inc. boosted its holdings in AON by 2,025.0% in the 4th quarter. Richardson Financial Services Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 81 shares during the period. Millstone Evans Group LLC acquired a new stake in AON in the fourth quarter valued at approximately $32,000. Anchor Investment Management LLC raised its stake in shares of AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 93 shares during the period. Finally, Centricity Wealth Management LLC purchased a new position in shares of AON in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on AON. Keefe, Bruyette & Woods boosted their price objective on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Wells Fargo & Company boosted their price target on AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Piper Sandler raised their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, Evercore ISI raised shares of AON from an “in-line” rating to an “outperform” rating and upped their price target for the company from $407.00 to $420.00 in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, AON presently has an average rating of “Hold” and a consensus price target of $386.21.

AON Trading Down 1.3 %

NYSE AON opened at $394.22 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. Aon plc has a one year low of $268.06 and a one year high of $412.97. The company has a 50-day simple moving average of $388.72 and a 200-day simple moving average of $372.20. The firm has a market capitalization of $85.15 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

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

AON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.68%. The ex-dividend date was Monday, February 3rd. AON’s dividend payout ratio is presently 21.33%.

AON Company Profile

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.