As Aon Plc (AON) Market Value Rose, Mawer Investment Management LTD Has Boosted Its Position

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Mawer Investment Management Ltd increased its stake in Aon Plc (AON) by 2.87% based on its latest 2018Q2 regulatory filing with the SEC. Mawer Investment Management Ltd bought 154,272 shares as the company’s stock rose 6.94% with the market. The institutional investor held 5.52M shares of the specialty insurers company at the end of 2018Q2, valued at $757.49M, up from 5.37 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 $38.67B market cap company. The stock decreased 1.33% or $2.16 during the last trading session, reaching $160.56. About 1.10 million shares traded or 9.73% up from the average. Aon plc (NYSE:AON) has risen 5.73% since December 7, 2017 and is uptrending. It has underperformed by 9.89% the S&P500.

Mawer Investment Management Ltd, which manages about $20.93B and $12.38 billion US Long portfolio, decreased its stake in Canadian Natl Railway Co (NYSE:CNI) by 51,401 shares to 2.16M shares, valued at $176.81 million in 2018Q2, according to the filing. It also reduced its holding in Shaw Communications In (NYSE:SJR) by 1.25M shares in the quarter, leaving it with 8.79M shares, and cut its stake in Alphabet Inc.

More notable recent Aon plc (NYSE:AON) news were published by: Zacks.com which released: “Aon Issues Unsecured Notes, Gets Rating Actions From Moody’s – Zacks.com” on November 30, 2018, also Twst.com with their article: “AON plc: Aon says GMP equalisation judgment poses new challenges for buy-in market – The Wall Street Transcript” published on November 15, 2018, Streetinsider.com published: “Exclusive: Blackstone plans IPO of US benefits manager Alight – sources – StreetInsider.com” on December 05, 2018. More interesting news about Aon plc (NYSE:AON) were released by: Globenewswire.com and their article: “Agility in response to growing disruption a key differentiator for Aon’s 2019 Best Employers in Canada – GlobeNewswire” published on November 08, 2018 as well as Zacks.com‘s news article titled: “6 Solid Reasons to Hold Aon (AON) Stock in Your Portfolio – Zacks.com” with publication date: November 26, 2018.

Aon plc (NYSE:AON) Ratings Coverage

Among 6 analysts covering Aon (NYSE:AON), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Aon has $180 highest and $150 lowest target. $160.80’s average target is 0.15% above currents $160.56 stock price. Aon had 6 analyst reports since August 7, 2018 according to SRatingsIntel. On Wednesday, November 14 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The company was upgraded on Tuesday, September 25 by Raymond James. Wells Fargo maintained Aon plc (NYSE:AON) on Monday, October 29 with “Market Perform” rating. The company was maintained on Monday, November 12 by Barclays Capital. Citigroup maintained it with “Buy” rating and $180 target in Friday, October 12 report.

Aon plc (NYSE:AON) Ratings Chart

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