Mon Sep 09 15:06:55 UTC 2024: ## Varma Mutual Pension Insurance Co. Cuts Stake in Aon plc

**New York, NY – September 9, 2024** – Varma Mutual Pension Insurance Co. reduced its holdings in financial services giant Aon plc (NYSE: AON) by 2.6% during the second quarter, according to a recent filing with the Securities & Exchange Commission. The firm sold 1,500 shares, bringing its total ownership to 55,900 shares, valued at $16,411,000.

This move comes as several other institutional investors have made changes to their positions in Aon. Vanguard Group Inc. increased its stake by 0.4%, Capital International Investors by 0.4%, and Sustainable Growth Advisers LP by 4.7%, while Bank of New York Mellon Corp and Mitsubishi UFJ Asset Management Co. Ltd. saw significant increases of 37.8% and 32.0%, respectively.

Aon’s stock has seen mixed signals from analysts in recent months. Piper Sandler raised its price objective, while Wells Fargo & Company lowered theirs. Morgan Stanley and JPMorgan Chase & Co. also adjusted their price targets, resulting in a “Hold” rating consensus from MarketBeat.com.

Aon reported its quarterly earnings on July 26th, missing analyst expectations for earnings per share but exceeding revenue estimates. The company’s revenue grew by 18.4% year-over-year.

Aon plc, a global professional services firm, offers a wide range of risk and human capital solutions including commercial risk solutions, health solutions, and other services.

Read More