Mawer Investment Management Ltd. Sells 77,367 Shares of Aon plc (NYSE:AON)

Mawer Investment Management Ltd. decreased its holdings in shares of Aon plc (NYSE:AON - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,423,002 shares of the financial services provider's stock after selling 77,367 shares during the period. AON comprises approximately 6.6% of Mawer Investment Management Ltd.'s holdings, making the stock its 2nd largest position. Mawer Investment Management Ltd. owned about 2.21% of AON worth $1,287,182,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AON. BKM Wealth Management LLC purchased a new stake in shares of AON in the fourth quarter worth $25,000. Milestone Investment Advisors LLC bought a new stake in AON during the third quarter valued at about $30,000. Headlands Technologies LLC purchased a new position in shares of AON in the third quarter valued at about $39,000. Bruce G. Allen Investments LLC bought a new position in shares of AON in the fourth quarter worth about $40,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in AON during the 4th quarter valued at approximately $43,000. 86.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AON shares. JPMorgan Chase & Co. increased their price objective on shares of AON from $318.00 to $353.00 and gave the company an "overweight" rating in a report on Monday, April 8th. Morgan Stanley lifted their price target on shares of AON from $325.00 to $327.00 and gave the company an "equal weight" rating in a report on Monday, April 15th. Piper Sandler dropped their price objective on shares of AON from $326.00 to $312.00 and set a "neutral" rating for the company in a report on Monday, April 29th. Bank of America decreased their target price on AON from $378.00 to $345.00 and set a "neutral" rating on the stock in a research report on Monday, April 29th. Finally, Royal Bank of Canada reduced their price objective on AON from $325.00 to $315.00 and set a "sector perform" rating on the stock in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $329.69.

AON Trading Up 1.9 %

Shares of AON traded up $5.52 during trading hours on Friday, reaching $293.10. 2,288,991 shares of the company traded hands, compared to its average volume of 1,692,365. The firm has a market cap of $63.73 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.81 and a beta of 0.90. Aon plc has a 12-month low of $268.06 and a 12-month high of $347.37. The stock's fifty day moving average price is $311.07 and its 200 day moving average price is $311.47.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The financial services provider reported $5.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.86 by ($0.20). The firm had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $4.14 billion. AON had a net margin of 19.04% and a negative return on equity of 1,083.00%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.17 EPS. On average, research analysts forecast that Aon plc will post 15.59 earnings per share for the current year.

AON Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.92%. This is a boost from AON's previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Tuesday, April 30th. AON's dividend payout ratio is presently 21.16%.

Insider Activity

In other news, insider Michael Neller sold 750 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $312.00, for a total transaction of $234,000.00. Following the transaction, the insider now directly owns 3,869 shares in the company, valued at $1,207,128. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Christa Davies sold 20,618 shares of the firm's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $311.40, for a total value of $6,420,445.20. Following the sale, the chief financial officer now directly owns 159,570 shares in the company, valued at approximately $49,690,098. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Neller sold 750 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $312.00, for a total transaction of $234,000.00. Following the transaction, the insider now owns 3,869 shares of the company's stock, valued at approximately $1,207,128. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,532 shares of company stock worth $23,335,805. 1.15% of the stock is currently owned by corporate insiders.

AON Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.