DailyIQ
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AON·Aon plc

$270.48
-3.51 (-1.28%)
After Hours
High
$275.31
Open
$275.07
Market Cap
58.18B
52W High
$382.34
Low
$269.72
P. Close
$270.48
P/E
14.87
52W Low
$266.33
Fwd P/E
13.46
DailyIQ Est.
$379.52
Inst. Ownership
45.0%
Short Interest
1.72%
Days to Cover
1.8
Technical Score (1D)
9
BEARISH
News Sentiment
38
BEARISH
On Oct 7, Mizuho lowered its price target for AON from $366 to $324, reflecting a reassessment of the insurer’s valuation. The firm maintained an overweight rating, indicating a cautious stance on the company’s prospects. The downgrade signals a modest negative view on AON’s future earnings potential, though it does not suggest a material change in fundamentals. The adjustment was reported by Mizuho and was noted in the market’s coverage of the insurer.
LOW TARGET
$264 -2.4%
2 analysts
MEAN TARGET
$371 +37.0%
17 analysts
HIGH TARGET
$435 +60.8%
9 analysts
PRICE RANGE
$264.00 - $435.00
SB / B / H / S / SS
4/12/10/1/1
DAILYIQ EST.
$379.52 (+40.3%)
Sector
Financial Services
Industry
Insurance Brokers
Exchange
NYQ
Country
Ireland
Website
Symbol
AON
Description
Aon plc is a global professional services firm specializing in risk management and human capital solutions. The company's core business revolves around helping clients navigate complex risks through its commercial risk solutions, including insurance brokerage and consulting services tailored to various industries. Aon also provides health solutions, offering consulting and brokerage services related to employee benefits and talent management. Furthermore, the company assists clients with capital market solutions and financial advisory services, including restructuring and mergers and acquisitions. Established in 1919, Aon's comprehensive service offerings and global reach position it as a key player in assisting businesses in managing risk and optimizing human capital.
Bought (1Y)
20,000 shares
$6.5M
Sold (1Y)
9,093.22 shares
$3.2M
KNIGHT LESTER B-
Buy367 shares2026-09-02
KNIGHT LESTER B-
Buy1,440 shares2026-09-02
KNIGHT LESTER B-
Buy4,145 shares2026-09-02
KNIGHT LESTER B-
Buy7,212 shares2026-09-02
KNIGHT LESTER B-
Buy5,097 shares2026-09-02
78/ 100
Bullish
Overall: Bullish
✓Revenue growing year over year
✓Positive net margin
✓Positive operating cash flow
Net Margin
21.5%
Revenue CAGR
4.9%
Current Ratio
1.11x
Debt / Equity
1.63x
Return on Equity
39.5%
Earnings Summary
Aon plc is a global professional services firm specializing in risk management and human capital solutions, operating primarily through insurance brokerage, consulting, and capital market services within the financial services sector. In the most recent quarter, Q4 2024, Aon reported EPS of $4.42 versus an estimate of $4.25, while revenue reached $4.147 billion, a modest increase from the prior year’s $4.147 billion, indicating flat top‑line growth. The following quarter, Q1 2025, saw EPS of $5.67 against an estimate of $6.04, with revenue climbing to $4.729 billion, marking a 14% YoY rise; however, EPS fell short of expectations, suggesting margin pressure. Q2 2025 EPS of $3.49 beat the $3.41 estimate, yet revenue dipped to $4.155 billion, a 5% decline YoY, reflecting seasonal volatility. Q3 2025 EPS of $3.05 surpassed the $2.91 estimate, while revenue fell to $3.997 billion, a 10% YoY drop, underscoring continued revenue softness. In Q4 2025, EPS of $4.85 fell short of the $6.42 estimate, and revenue of $4.3 billion was below the $5.02 billion estimate, highlighting a significant earnings miss and revenue shortfall. Historically, Aon has shown a YoY revenue growth trajectory that has been inconsistent, with recent quarters oscillating between modest gains and declines; EPS has frequently missed estimates, particularly in Q4 periods, while Q1 and Q2 have delivered better-than-expected earnings. Recent news indicates that major analysts such as Morgan Stanley and JPMorgan have lowered price targets, citing a reassessment of valuation and modest downward earnings expectations, while executive reshuffles and new product launches like the Power Lifecycle Program have not yet translated into positive financial impact.

EPS

EstBeatMiss
$2.39$3.53$4.67$5.81$6.95Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26
QtrEstActual+/−
Q1'26$3.33 - -
Q4'25$6.42$4.85-24.5%
Q3'25$2.91$3.05+4.6%
Q2'25$3.41$3.49+2.5%
Q1'25$6.04$5.67-6.1%
Q4'24$4.25$4.42+3.9%

Revenue

EstBeatMiss
$3.8B$4.2B$4.5B$4.8B$5.2BQ4'24Q1'25Q2'25Q3'25Q4'25Q1'26
QtrEstActual+/−
Q1'26$4.1B - -
Q4'25$5.0B$4.3B-14.4%
Q3'25 - $4.0B -
Q2'25 - $4.2B -
Q1'25 - $4.7B -
Q4'24 - $4.1B -

Market Data

AON Stock Snapshot

BEARISH9/100
$270.47−$0.01 (0.0%)
Market cap
58.18B
P/E ratio
14.9
Day range
$269.72 – $275.31
News sentiment
38/100 · Bearish
Analyst target
$370.53 (+37.0%)
Consensus
Buy · 28 analysts
52-week range+1.6% off low · -29.3% from high
$266.33$382.34
Price $270.47 DailyIQ Est. $379.52

The signals on AON lean bearish, and the range position backs that up. The stock is liquid enough that positioning changes get absorbed without distorting the trend.

Behaviour On Record

What AON's own history says about today's numbers

Realized volatility (21d)
24.0% 75th pct
Below its peak
-33.5%
vs 200-day average
-18.0%
Up days (1y)
47%

Aon plc is currently running 24.0% annualised volatility over the last 21 sessions. Measured against AON's own 13 years of daily returns rather than a market-wide average, that is the 75th percentile — a little above its own norm, against a typical reading of 18.3%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

AON is trading -33.5% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -15.6%, and the deepest was -38.9% in 2020. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.

Price sits -18.0% from its 200-day moving average. Against every other day in its history, that gap ranks at the 0th percentile — a narrower gap than it typically runs. Over the past year AON closed higher on 47% of sessions, and it is currently 1 session into a rising streak.

On October specifically: over 13 years of records, AON finished the month higher 7 of 13 times, with a median return of +0.9% and an average of +1.0%. Its strongest month historically has been November at +4.4% on average, its weakest December at -2.2%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: AON has opened more than 2% away from the prior close in 64 of 3,267 sessions (2.0% of the time), with the largest gaps running +10.5% and -11.6%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

All figures computed from 3,268 daily closes between 2013-10-07 and 2026-10-05, split-adjusted, recomputed daily. Percentiles are against AON's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of AON's sector?

Aon plc sits in the Financials sector, currently ranked 11th of 12 GICS sectors by relative-strength rotation score (improving). Within its narrower Insurance industry group, AON ranks 6th of 15 tracked industries, improving.

Sector rank
#11 of 12
Sector state
Improving
Sector rotation score
27
Industry rank
#6 of 15

Options Market

What is the options market pricing for AON?

CallsPuts

For Aon plc's nearest expiry (2026-10-16, 9 days out), open interest is put-heavy, a defensive/bearish tilt (put/call ratio of 1.47), with at-the-money implied volatility around 32.8%. The options market is pricing roughly a ±4.9% move by that expiry — a range of about $256.98–$283.60.

Put/call ratio (2026-10-16)
1.47
ATM implied volatility
32.8%
Total open interest
3,150
Expected move by 2026-10-16
±4.9% ($256.98–$283.60)

Analyst Rating Changes

Are analysts turning bullish or bearish on AON?

Mizuho most recently reiterated its rating on Aon plc to Outperform on Oct 7, 2026 with a price target of $324 (from $366). Over the last 90 days, coverage has run 0 upgrades against 1 downgrade, a net bearish lean.

Latest action
Mizuho — Outperform
90-day upgrades
0
90-day downgrades
1
Net rating momentum
-1
DateFirmActionRatingPrice target
Oct 7, 2026MizuhoMaintainedOutperform$366 → $324
Oct 7, 2026BarclaysMaintainedEqual-Weight$382 → $317
Oct 7, 2026Cantor FitzgeraldMaintainedOverweight$433 → $400
Oct 6, 2026Morgan StanleyMaintainedOverweight$410 → $350
Oct 1, 2026JP MorganMaintainedOverweight$412 → $362
Sep 16, 2026MizuhoMaintainedOutperform$398 → $366
Sep 14, 2026TD CowenMaintainedBuy$416 → $420
Sep 2, 2026Evercore ISI GroupMaintainedOutperform$436 → $423
Sep 1, 2026BMO CapitalMaintainedMarket Perform$375 → $360
Sep 1, 2026Keefe, Bruyette & WoodsMaintainedOutperform$412 → $417
Sep 1, 2026Piper SandlerMaintainedNeutral$391 → $349
Sep 1, 2026MizuhoMaintainedOutperform$437 → $398

AON Competitive Positioning

Aon plc (AON) is tracked alongside these names in Insurance Brokers on DailyIQ — ranked by market cap, with today's move alongside.

News Sentiment Analysis

Sentiment gathered from recent headlines

38/100
Strong NegativeNeutralStrong Positive
BEARISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles
What did this article say?
Mizuho lowered its price target for AON from $366 to $324, reflecting a reassessment of the insurer’s valuation. The downgrade came after the firm updated its average rating to overweight, suggesting a more cautious outlook on AON’s growth prospects. The adjustment signals a modest negative view on AON’s future earnings potential, though it does not indicate a material change in fundamentals.
What did this article say?
Barclays analyst Alex Scott reduced AON’s price target from $382 to $317 while keeping the equal‑weight rating. The downgrade reflects concerns over the company’s earnings outlook and competitive pressures in the insurance brokerage sector. The adjustment signals a modest negative view on AON’s near‑term valuation prospects.
What did this article say?
Cantor Fitzgerald analyst Ryan Tunis reduced AON’s price target from $433 to $400 while keeping an Overweight stance. The downgrade reflects a reassessment of the company’s valuation relative to peers. The move signals a modest negative outlook for AON’s stock, though the rating remains positive. This adjustment may influence investor sentiment and trading activity. The change does not indicate a fundamental shift in AON’s business fundamentals.
What did this article say?
Morgan Stanley analyst Michael Phillips reduced AON’s price target from $410 to $350 while keeping an Overweight recommendation. The downgrade reflects concerns about the company’s earnings outlook and competitive pressures in the insurance brokerage sector. The adjustment signals a modest negative view on AON’s near‑term valuation, though the rating remains positive.
What did this article say?
Barclays reduced its price target for AON from $382 to $317 while keeping an equal‑weight rating. The downgrade reflects concerns over AON’s earnings outlook and competitive pressures in the insurance brokerage sector. The new target suggests a more cautious view of the company’s future profitability.
What did this article say?
Morgan Stanley reduced its price target for AON from $410 to $350, citing a reassessment of the company’s valuation. The brokerage maintained an overweight rating, indicating it still views AON as a buy relative to peers. The adjustment reflects a more conservative outlook on AON’s growth prospects, but the firm remains positive about its long‑term fundamentals.
What did this article say?
AON plc announced that the aggregate funded ratio for Canadian defined benefit pension plans in the S&P/TSX Composite Index rose to 123.3% in Q3 2026, up from 117.6% at the end of the previous quarter. The increase reflects a 1.5% decline in pension assets but a higher discount rate of 5.22% driven by a 57 basis point rise in government bond yields and a 1 basis point widening of credit spreads. The data, tracked by AON’s Pension Risk Tracker since 2013, suggests improved financial health for Canadian pension plans amid modest equity market weakness.
What did this article say?
BMO Capital reduced its price target for AON from $360 to $286 while keeping a market‑perform rating. The downgrade reflects a reassessment of AON’s valuation relative to peers. The change signals a modest negative outlook for the insurer’s stock. No other material guidance or earnings updates were disclosed. The adjustment may influence investor sentiment and trading activity.
What did this article say?
JP Morgan analyst Pablo Singzon reduced AON’s price target from $412 to $362 while keeping an Overweight rating. The downgrade reflects concerns over the company’s earnings outlook and competitive pressures in the insurance brokerage sector. The adjustment signals a modest negative view for AON’s near‑term valuation, though the rating remains positive.

Technical Analysis

Real-time indicators across multiple timeframes

9
BEARISH
Technical indicators reflect the latest computed signal mix for this timeframe.
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Institutional & Hedge Fund Ownership
25 tracked managers · $31.86B combined position · 12 adding, 12 trimming, 1 unchanged (latest 13F filings)
ManagerTrendShares Held% of Co.Position ValueFiled
Vanguard Group Inc▲ Buy20,171,0499.38%$7.12B2026-01-29
BlackRock, Inc.▼ Sell15,716,4297.31%$5.21B2026-08-07
JPMorgan Chase & Co▲ Buy12,225,9745.68%$4.00B2026-08-12
Capital World Investors▲ Buy11,711,6505.44%$3.88B2026-08-12
Morgan Stanley▼ Sell6,214,7872.89%$2.06B2026-08-13
Geode Capital Management, LLC▼ Sell5,180,5532.41%$1.71B2026-08-12
Berkshire Hathaway Inc▼ Sell3,602,9951.67%$1.27B2026-02-17
Norges Bank▼ Sell2,796,7601.30%$927.66M2026-08-12
Northern Trust Corp▼ Sell2,040,5340.95%$676.82M2026-08-13
AQR Capital Management LLC▲ Buy1,905,8000.89%$623.01M2026-08-14
Artisan Partners Limited Partnership▲ Buy1,850,6230.86%$613.83M2026-08-13
Goldman Sachs Group Inc▲ Buy1,748,8010.81%$580.06M2026-08-14
Neuberger Berman Group LLC▼ Sell1,691,7290.79%$561.08M2026-08-13
Bank of America Corp▲ Buy1,624,9700.76%$538.99M2026-08-14
Farallon Capital Management LLC▼ Sell1,382,5620.64%$458.58M2026-08-14
Viking Global Investors LP▲ Buy1,151,2690.54%$381.86M2026-08-14
Invesco Ltd.▼ Sell1,069,3310.50%$354.69M2026-08-14
FMR LLC (Fidelity)▲ Buy551,3670.26%$182.88M2026-08-13
Verition Fund Management LLC• Hold385,0280.18%$127.71M2026-08-14
Adage Capital Partners GP, L.L.C.▲ Buy380,3690.18%$126.16M2026-08-14
Millennium Management LLC▲ Buy343,9980.16%$114.10M2026-08-14
Wells Fargo & Company▼ Sell336,9180.16%$111.75M2026-08-14
Citigroup Inc▼ Sell233,0320.11%$77.29M2026-08-03
Susquehanna International Group, LLP▲ Buy222,5700.10%$73.82M2026-08-14
AllianceBernstein L.P.▼ Sell207,2710.10%$66.90M2026-08-14
Q2 2026 flow:8.70M sh bought ($2.85B)2.95M sh sold ($978.07M)net +5.75M sh (+$1.88B)
Congressional Trading Activity
8 disclosed trades · ~$113.0K est. traded value · 4 buys, 4 sells
MemberChamberStateTypeAmountTradedFiled
Alan ArmstrongSenateOK▲ Buy$1K - $15K2026-03-272026-07-21
Thomas H. KeanHouseNJ07▲ Buy$1K - $15K2025-05-272025-06-17
Jefferson ShreveHouseIN06▼ Sell$15K - $50K2025-05-082025-06-22
Jefferson ShreveHouseIN06▲ Buy$15K - $50K2025-03-132025-04-11
Tommy TubervilleSenateAL▼ Sell$1K - $15K2024-01-222024-02-14
Tommy TubervilleSenateAL▲ Buy$1K - $15K2023-10-172023-11-16
Tommy TubervilleSenateAL▼ Sell$1K - $15K2021-10-262021-11-10
Susan M. CollinsSenateME▼ Sell$1K - $15K2018-10-312018-11-13