Mawer Investment Management LTD Has Upped Holding in Aon Plc (AON) as Shares Declined

July 12, 2018 - By Robert Crowder

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Mawer Investment Management Ltd increased its stake in Aon Plc (AON) by 3.44% based on its latest 2018Q1 regulatory filing with the SEC. Mawer Investment Management Ltd bought 178,402 shares as the company’s stock declined 0.75% with the market. The institutional investor held 5.37M shares of the specialty insurers company at the end of 2018Q1, valued at $753.29 million, up from 5.19M at the end of the previous reported quarter. Mawer Investment Management Ltd who had been investing in Aon Plc for a number of months, seems to be bullish on the $34.98 billion market cap company. The stock increased 0.40% or $0.57 during the last trading session, reaching $143.06. About 14,537 shares traded. Aon plc (NYSE:AON) has risen 9.13% since July 12, 2017 and is uptrending. It has underperformed by 3.44% the S&P500.

Mawer Investment Management Ltd, which manages about $20.93B and $11.94 billion US Long portfolio, decreased its stake in Interpublic Group Of Cos Inc (NYSE:IPG) by 1.58 million shares to 277,658 shares, valued at $6.39 million in 2018Q1, according to the filing. It also reduced its holding in Autozone Inc (NYSE:AZO) by 46,311 shares in the quarter, leaving it with 25,867 shares, and cut its stake in Descartes Systems Grp/The (NASDAQ:DSGX).

More recent Aon plc (NYSE:AON) news were published by: Prnewswire.com which released: “Aon Announces Second Quarter 2018 Earnings Release and Conference Call” on October 06, 2017. Also Seekingalpha.com published the news titled: “Aon June catastrophe report estimates economic losses approaching $4B” on July 10, 2018. Businesswire.com‘s news article titled: “Jacobson and Ward Group Announce Semi-Annual US Insurance Labor Outlook Study” with publication date: July 11, 2018 was also an interesting one.

Aon plc (NYSE:AON) Ratings Coverage

Among 6 analysts covering Aon Plc (NYSE:AON), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Aon Plc has $173.0 highest and $138 lowest target. $154.40’s average target is 7.93% above currents $143.06 stock price. Aon Plc had 10 analyst reports since January 16, 2018 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Friday, February 2. The company was maintained on Friday, February 9 by Citigroup. The rating was maintained by Citigroup on Wednesday, February 28 with “Buy”. RBC Capital Markets maintained the shares of AON in report on Friday, February 2 with “Hold” rating. Citigroup maintained Aon plc (NYSE:AON) on Tuesday, May 8 with “Buy” rating. The firm has “Buy” rating by Goldman Sachs given on Thursday, March 15. The company was maintained on Tuesday, March 27 by Citigroup. The firm earned “Hold” rating on Tuesday, January 16 by William Blair. Citigroup maintained Aon plc (NYSE:AON) on Tuesday, April 10 with “Buy” rating. The firm earned “Equal-Weight” rating on Tuesday, February 20 by Barclays Capital.

Aon plc (NYSE:AON) Ratings Chart

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