Mawer Investment Management LTD Increased Its Holding in Aon Plc (AON) by $5.58 Million as Market Value Rose

February 12, 2018 - By Darrin Black

Mawer Investment Management Ltd increased its stake in Aon Plc (AON) by 0.74% based on its latest 2017Q3 regulatory filing with the SEC. Mawer Investment Management Ltd bought 38,212 shares as the company’s stock rose 8.30% with the market. The institutional investor held 5.17 million shares of the specialty insurers company at the end of 2017Q3, valued at $755.25M, up from 5.13 million 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 $34.48 billion market cap company. The stock increased 1.37% or $1.86 during the last trading session, reaching $137.91. About 2.40M shares traded or 85.81% up from the average. Aon plc (NYSE:AON) has risen 21.47% since February 12, 2017 and is uptrending. It has outperformed by 4.77% the S&P500.

Mawer Investment Management Ltd, which manages about $20.93B and $11.73 billion US Long portfolio, decreased its stake in Paypal Holdings Inc by 56,695 shares to 390,255 shares, valued at $24.99 million in 2017Q3, according to the filing. It also reduced its holding in Rogers Communications In (NYSE:RCI) by 512,616 shares in the quarter, leaving it with 5.61M shares, and cut its stake in Cenovus Energy Inc (NYSE:CVE).

More notable recent Aon plc (NYSE:AON) news were published by: Prnewswire.com which released: “Aon Reports Third Quarter 2017 Results” on October 27, 2017, also Prnewswire.com with their article: “Aon Reports Second Quarter 2017 Results” published on August 04, 2017, Benzinga.com published: “BMO’s Adjustment In Coverage Of AIG, Chubb Limited And The Insurance Sector” on July 11, 2016. More interesting news about Aon plc (NYSE:AON) were released by: Gurufocus.com and their article: “Weekly Top Insider Buys Highlight for the Week of Feb. 9” published on February 10, 2018 as well as Prnewswire.com‘s news article titled: “Insurance Brokers Stock Performance Review — Arthur J. Gallagher, Aon PLC …” with publication date: October 27, 2017.

Aon plc (NYSE:AON) Ratings Coverage

Among 15 analysts covering Aon Corporation (NYSE:AON), 3 have Buy rating, 2 Sell and 10 Hold. Therefore 20% are positive. Aon Corporation had 47 analyst reports since August 3, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the shares of AON in report on Monday, December 4 with “Buy” rating. The firm has “” rating by Janney Capital given on Monday, August 3. Citigroup maintained the shares of AON in report on Friday, February 9 with “Buy” rating. The rating was maintained by Wells Fargo with “Market Perform” on Monday, October 30. The stock of Aon plc (NYSE:AON) earned “Hold” rating by Wells Fargo on Friday, August 4. William Blair downgraded the shares of AON in report on Tuesday, January 16 to “Hold” rating. As per Monday, November 21, the company rating was upgraded by Keefe Bruyette & Woods. The rating was maintained by RBC Capital Markets on Monday, May 2 with “Outperform”. The stock of Aon plc (NYSE:AON) earned “Buy” rating by Jefferies on Friday, June 16. As per Friday, October 27, the company rating was maintained by Jefferies.

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