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AON·Aon plc

$275.98
+1.27 (+0.46%)
High
$277.25
Open
$275.63
Market Cap
58.56B
52W High
$382.34
Low
$272.04
P. Close
$275.98
P/E
14.96
52W Low
$266.33
Fwd P/E
13.59
DailyIQ Est.
$365.04
Inst. Ownership
0.7%
Short Interest
1.98%
Days to Cover
1.8
Div. Yield
0.60%
Last Ex-Div
Aug 3, 2026
Div. Growth
14+ yrs
NewEarnings release, scored · filed Jul 29, 2026Guidance reaffirmed · tone -5.8 vs prior release · 62 lines scoredSee the breakdown
Technical Score (1D)
23
BEARISH
News Sentiment
70
BULLISH
On Oct 13, AON increased its Ukraine Recovery and Reconstruction Guarantee Facility capacity to €150 million, up from €110 million, with support from the European Bank for Reconstruction and Development. The expansion, managed by AON, broadened coverage for Ukrainian insurers to include gas‑related transportation, storage assets, and inventory in temporary warehouses, in addition to existing cargo and vehicle protection. The facility now supports over €500 million in reinsurance coverage across nearly 10,000 policies, enhancing insurance access for businesses operating in conflict zones. This development was reported by AON and the EBRD, highlighting the expanded risk coverage and the significant increase in reinsurance capacity.
LOW TARGET
$229 -17.0%
2 analysts
MEAN TARGET
$354 +28.4%
17 analysts
HIGH TARGET
$435 +57.6%
9 analysts
PRICE RANGE
$229.00 - $435.00
SB / B / H / S / SS
4/12/10/1/1
DAILYIQ EST.
$365.04 (+32.3%)
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
77/ 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 in insurance brokerage and consulting across diverse industries. In the most recent quarter, Q4 2025, the company reported EPS of $4.85 versus an estimate of $6.42, a miss that followed a pattern of earnings shortfalls in the same period of the prior year, while revenue fell to $4.30 billion against an estimate of $5.02 billion, marking a decline from the $4.15 billion reported in Q4 2024. The company’s Q1 2026 EPS remains pending, but revenue guidance of $4.13 billion suggests a modest rebound relative to the $4.15 billion in Q4 2025, indicating a potential stabilization of top‑line growth. Historically, Aon has shown a mixed earnings trajectory, with EPS growth in Q1 2025 ($5.67 vs $4.42 in Q4 2024) but a subsequent dip in Q2 2025 ($3.49 vs $3.40 estimate) and a continued decline in Q3 2025 ($3.05 vs $2.91 estimate), reflecting volatility in its core insurance brokerage business. The company has consistently beat revenue estimates in the first half of the year but has struggled to meet EPS targets in the latter quarters, suggesting that cost pressures or market conditions may be eroding profitability. Recent institutional activity, including Suncoast Equity’s sale of shares and analyst downgrades from Evercore ISI and Mizuho, signals a cautious sentiment that may weigh on investor confidence.

EPS

EstBeatMiss
$2.39$3.53$4.67$5.81$6.95Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26
QtrEstActual+/−
Q1'26$3.31 - -
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

BEARISH23/100
$275.98+$1.27 (0.5%)
Market cap
58.56B
P/E ratio
15.0
Day range
$272.04 – $277.25
News sentiment
70/100 · Bullish
Analyst target
$354.21 (+28.3%)
Consensus
Buy · 28 analysts
52-week range+3.6% off low · -27.8% from high
$266.33$382.34
Price $275.98 DailyIQ Est. $365.04

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)
21.7% 67th pct
Below its peak
-32.9%
vs 200-day average
-16.6%
Up days (1y)
47%

Aon plc is currently running 21.7% 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 67th 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 -32.9% 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 -16.6% from its 200-day moving average. Against every other day in its history, that gap ranks at the 1st 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 falling 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 +0.9%. 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 2013-10-15 and 2026-10-13, 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 12th of 12 GICS sectors by relative-strength rotation score (improving). Within its narrower Insurance industry group, AON ranks 8th of 15 tracked industries, improving.

Sector rank
#12 of 12
Sector state
Improving
Sector rotation score
9
Industry rank
#8 of 15

Options Market

What is the options market pricing for AON?

CallsPuts

For Aon plc's nearest expiry (2026-10-16, 2 days out), open interest is roughly balanced between puts and calls (put/call ratio of 1.02), with at-the-money implied volatility around 40.7%. The options market is pricing roughly a ±2.5% move by that expiry — a range of about $268.21–$282.25.

Put/call ratio (2026-10-16)
1.02
ATM implied volatility
40.7%
Total open interest
2,761
Expected move by 2026-10-16
±2.5% ($268.21–$282.25)

Analyst Rating Changes

Are analysts turning bullish or bearish on AON?

Wells Fargo most recently reiterated its rating on Aon plc to Overweight on Oct 12, 2026 with a price target of $323 (from $383). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action
Wells Fargo — Overweight
90-day upgrades
0
90-day downgrades
0
Net rating momentum
0
DateFirmActionRatingPrice target
Oct 12, 2026Wells FargoMaintainedOverweight$383 → $323
Oct 12, 2026Keefe, Bruyette & WoodsMaintainedOutperform$417 → $342
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

Earnings Release, Scored

What did Aon plc's latest earnings release say?

Filed Jul 29, 2026 · SEC Form 8-K, Exhibit 99

Guidance reaffirmed
Tone83.0/ 100-5.8 vs prior release
Hedging words0.56per 100 words-0.20 vs prior release
Tone, last 2 releasesScale 50–94

Most important lines

  1. 1

    “We delivered 5% organic revenue growth, operating margin expansion, and 9% adjusted EPS growth, reflecting robust client demand, disciplined execution, and durable through-the-cycle performance.”

    New this quarter
  2. 2

    Cash flows provided by operations for the first six months of 2026 increased $50 million, or 5% , to $986 million compared to the prior-year period, as strong adjusted operating income growth offset the cash tax payment related to NFP Wealth and impact of working capital.

  3. 3

    Effective tax rate was 22.0% in the second quarter compared to 15.5% in the prior-year period.

Peers & ETF holders

AON peers & ETF holders

News Sentiment Analysis

Sentiment gathered from recent headlines

70/100
Strong NegativeNeutralStrong Positive
BULLISH

Recent News Coverage

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

10+ articles
What did this article say?
AON increased its Ukraine Recovery and Reconstruction Guarantee Facility capacity to €150 million, up from €110 million, with support from the European Bank for Reconstruction and Development. The expansion, managed by AON, broadened coverage for Ukrainian insurers to include gas‑related transportation, storage assets, and inventory in temporary warehouses, in addition to existing cargo and vehicle protection. The facility now supports over €500 million in reinsurance coverage across nearly 10,000 policies, enhancing insurance access for businesses operating in conflict zones.
What did this article say?
AON and the European Bank for Reconstruction and Development increased the Ukraine Recovery and Reconstruction Guarantee Facility to €150 million, boosting the country’s war‑risk insurance capacity. The expansion provides over €500 million in reinsurance coverage for goods and vehicles, covering more than 10,000 policies. Backers include the UK, France, Norway, Switzerland, and EU donor funds, strengthening the facility’s financial base. The move enhances AON’s presence in the Ukrainian market and supports its global insurance portfolio.
What did this article say?
AON plc and the European Bank for Reconstruction and Development increased the Ukraine Recovery and Reconstruction Guarantee Facility from €110 million to €150 million, adding reinsurance capacity for Ukrainian insurers. The expansion supports more than 10,000 policies covering goods and vehicles amid escalating Russian attacks on energy, transport, and civilian infrastructure. By bolstering the war‑risk insurance market, AON strengthens its presence in a high‑need region and enhances its reinsurance portfolio. The move is expected to generate additional underwriting revenue and reinforce AON’s strategic positioning in emerging markets.
What did this article say?
AON extended its Ukraine war risk insurance facility through the European Bank for Reconstruction and Development (EBRD) from €110 million to €150 million. The expansion provides additional reinsurance capacity for international reinsurers and Ukrainian insurers covering war‑related risks. By adding UNIVERSALNA and USG to the scheme, AON broadened its client base and geographic reach. The move strengthens AON’s position in the emerging market for conflict‑risk coverage and signals confidence in the Ukrainian insurance sector’s resilience.
What did this article say?
Keefe, Bruyette & Woods lowered AON's price target from $417 to $342. The adjustment was announced on Oct 12. The new target reflects a more conservative valuation outlook for the insurer.
What did this article say?
Aon plc’s Board of Directors declared a quarterly cash dividend of $0.820 per share for its Class A Ordinary Shares, payable on November 13, 2026 to shareholders of record on November 2, 2026. The dividend announcement follows the company’s ongoing dividend policy and reflects its commitment to returning value to shareholders.
What did this article say?
AON plc announced that its third‑quarter 2026 earnings will be released on October 28, 2026, at 6:30 AM ET. The company will host a conference call at 8:30 AM ET the same day, with a replay available shortly after. The earnings release and accompanying slide deck will be posted on AON’s Investor Relations website. No financial guidance or performance details were disclosed in the announcement. The update is a routine disclosure of the earnings release schedule.
What did this article say?
Suncoast Equity Management announced the sale of its AON plc shares in its Q3 2026 investor letter. The move followed a period where the strategy underperformed the S&P 500, though its EPS growth gap was narrowing. The exit reflects a tactical adjustment rather than a fundamental concern about AON. The decision aligns with the fund’s focus on large‑cap growth opportunities and risk management exposure. It signals a modest headwind for AON from institutional investors.
What did this article say?
Evercore ISI reduced its price target for AON from $423 to $375, citing a reassessment of the company’s valuation. The downgrade reflects a shift in analysts’ expectations for future earnings growth. The move signals a more cautious outlook for AON’s stock, potentially impacting investor sentiment and trading activity.
What did this article say?
Mizuho analyst Yaron Kinar maintained an Outperform rating for AON while reducing the price target from $366 to $324. The downgrade reflects concerns over the company’s earnings outlook and competitive pressures in the insurance brokerage sector. The move signals a modest negative outlook for AON’s valuation, though the rating remains positive. The adjustment is expected to influence investor sentiment and trading activity for the stock.

Technical Analysis

Real-time indicators across multiple timeframes

23
BEARISH
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Institutional & Hedge Fund Ownership
5 tracked managers · $476.64M combined position · 2 adding, 3 trimming, 0 unchanged (latest 13F filings)
ManagerTrendShares Held% of Co.Position ValueFiled
Farallon Capital Management LLC▼ Sell1,382,5620.65%$458.58M2026-08-14
Schonfeld Strategic Advisors LLC▼ Sell33,7960.02%$11.21M2026-08-14
Brevan Howard Capital Management LP▲ New14,3610.01%$4.76M2026-08-14
Ancora Advisors LLC▲ Buy6,2820.00%$2.08M2026-08-14
Graham Capital Management, L.P.▼ Sold out00.00%$02026-08-14
Q2 2026 flow:14.6K sh bought ($4.84M)1.23M sh sold ($406.69M)net -1.21M sh (−$401.85M)
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