Regulatory Filing: Mawer Investment Management LTD Has Upped Its Aon Plc (AON) Stake by $14.59 Million

Regulatory Filing: Mawer Investment Management LTD Has Upped Its Aon Plc (AON) Stake by $14.59 Million

Mawer Investment Management Ltd increased its stake in Aon Plc (AON) by 2.74% based on its latest 2016Q3 regulatory filing with the SEC. Mawer Investment Management Ltd bought 130,298 shares as the company’s stock rose 2.48% with the market. The institutional investor held 4.89 million shares of the specialty insurers company at the end of 2016Q3, valued at $550.32M, up from 4.76 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 $29.63 billion market cap company. The stock is down 0.68% or $0.77 hitting $111.86, despite the positive news. About 587,692 shares traded hands. Aon plc Class A Ordinary Shares (UK) (NYSE:AON) has risen 2.84% since June 7, 2016 and is uptrending. It has underperformed by 4.58% the S&P500.

Mawer Investment Management Ltd, which manages about $20.93B and $9.53 billion US Long portfolio, decreased its stake in Bank Of Hawaii Corp (NYSE:BOH) by 75,100 shares to 612,886 shares, valued at $44.51M in 2016Q3, according to the filing. It also reduced its holding in United Technologies Corp (NYSE:UTX) by 131,405 shares in the quarter, leaving it with 948,381 shares, and cut its stake in Paypal Holdings Inc.

Mawer Investment Management Ltd is a Alberta, Canada-based institutional investor with more than $20.93 billion AUM in June, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Mawer Investment Management latest Adv, the fund reported to have 100 full and part-time employees. Among which 35 performing investment advisory and research functions. The institutional investor had more than 2300 clients.

More recent Aon plc Class A Ordinary Shares (UK) (NYSE:AON) news were published by: Benzinga.com which released: “MKM Partners Downgrades Aon Plc In Lieu Of Flat Guidance From Management” on August 09, 2016. Also Benzinga.com published the news titled: “BMO’s Adjustment In Coverage Of AIG, Chubb Limited And The Insurance Sector” on July 11, 2016. Prnewswire.com‘s news article titled: “Aon Reports Fourth Quarter and Full Year 2015 Results” with publication date: February 05, 2016 was also an interesting one.

According to Zacks Investment Research, “Aon PLC provides risk management services, insurance and reinsurance brokerage and human resource consulting and outsourcing. The company’s risk management services segment offers solutions for property liability, general liability, professional liability, directors’ and officers’ liability, workers’ compensation and various healthcare products along with others. Its insurance and reinsurance brokerage segment offers property and casualty reinsurance and specialty lines, which includes medical malpractice, accident, life, and health, as well as capital management transaction and advisory services. Its human resource consulting and outsourcing segment offers human capital services in the areas of health and benefits, retirement, compensation and strategic human capital. Aon PLC, formally known as Aon Corporation, is headquartered in London, the United Kingdom.”

Aon plc Class A Ordinary Shares (UK) (NYSE:AON) Ratings Coverage

Out of 7 analysts covering Aon Corporation (NYSE:AON), 3 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 43% are positive. Aon Corporation has been the topic of 17 analyst reports since August 3, 2015 according to StockzIntelligence Inc. On Monday, August 3 the stock rating was initiated by Janney Capital with “”. RBC Capital Markets maintained it with “Outperform” rating and $114 target price in Monday, May 2 report. The firm has “Underperform” rating given on Friday, April 15 by Raymond James. The firm earned “Outperform” rating on Monday, November 2 by RBC Capital Markets. M Partners downgraded Aon plc Class A Ordinary Shares (UK) (NYSE:AON) on Tuesday, August 9 to “Neutral” rating. As per Monday, November 7, the company rating was upgraded by Sandler O’Neill. As per Friday, April 8, the company rating was maintained by Citigroup. The rating was upgraded by Zacks on Tuesday, August 4 to “Sell”. The stock of Aon plc Class A Ordinary Shares (UK) (NYSE:AON) earned “Sector Perform” rating by RBC Capital Markets on Monday, October 31. The firm earned “Outperform” rating on Monday, November 21 by Keefe Bruyette & Woods.

AON Company Profile

Aon plc, incorporated on December 8, 2011, is a well-known provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing. The Firm operates through two divisions: Risk Solutions and HR Solutions. The Risk Solutions segment acts as an advisor and insurance and reinsurance broker, helping clients manage their risks, through consultation, as well as negotiation and placement of insurance risk with insurance carriers through its global distribution network. The HR Solutions segment partners with organizations to solve their human capital and related financial challenges in the areas of health, retirement and talent. The Firm is engaged in designing, implementing, communicating and administering a range of human capital, retirement, investment consulting, healthcare, compensation and talent management strategies.

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