AON Stock Earnings Estimates Increased by Zacks Research

Key Points

• Zacks Research raised Aon’s Q3 2026 EPS estimate to $3.38 from $3.34, while forecasting $5.19 for Q4 and $18.85 for full-year 2026. Aon previously reported quarterly EPS of $3.81, slightly above consensus, with revenue up 2.2% year over year.
• Aon shares opened at $292.28, near the lower end of their 52-week range, despite a consensus analyst rating of “Moderate Buy” and an average price target of $367.59. Several brokerages recently lowered their price targets, signaling more cautious valuation expectations.
• The company declared a quarterly dividend of $0.82 per share, equivalent to an annualized $3.28 payout and a 1.1% yield. Institutional investors own 86.14% of Aon, and recent business wins in specialty reinsurance could support future brokerage growth.

Aon plc (NYSE:AON - Free Report) - Analysts at Zacks Research raised their Q3 2026 EPS estimates for AON in a research report issued to clients and investors on Friday, October 16th. Zacks Research analyst Team now anticipates that the financial services provider will post earnings of $3.38 per share for the quarter, up from their previous forecast of $3.34. The consensus estimate for AON's current full-year earnings is $18.73 per share. Zacks Research also issued estimates for AON's Q4 2026 earnings at $5.19 EPS and FY2026 earnings at $18.85 EPS.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share for the quarter, beating the consensus estimate of $3.80 by $0.01. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. AON had a net margin of 22.27% and a return on equity of 42.13%. The company's revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.49 earnings per share.

Several other brokerages also recently issued reports on AON. Morgan Stanley cut their price objective on shares of AON from $410.00 to $350.00 and set an "overweight" rating for the company in a research report on Tuesday, October 6th. Jefferies Financial Group decreased their target price on AON from $387.00 to $383.00 and set a "buy" rating on the stock in a research report on Wednesday, September 30th. Bank of America upped their target price on AON from $298.00 to $327.00 and gave the company an "underperform" rating in a research report on Wednesday, July 15th. Citigroup began coverage on AON in a research note on Monday, September 21st. They set a "buy" rating and a $435.00 target price on the stock. Finally, Wells Fargo & Company dropped their price target on AON from $383.00 to $323.00 and set an "overweight" rating for the company in a report on Monday, October 12th. Twelve analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $367.59.

AON Stock Down 0.1%

Shares of AON opened at $292.28 on Monday. AON has a 52 week low of $266.33 and a 52 week high of $382.34. The firm has a market cap of $62.00 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 1.53 and a beta of 0.70. The firm's 50-day simple moving average is $310.87 and its 200 day simple moving average is $326.11. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.54 and a current ratio of 1.54.

Institutional Investors Weigh In On AON

A number of hedge funds and other institutional investors have recently made changes to their positions in AON. SJS Investment Consulting Inc. increased its stake in AON by 258.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider's stock worth $42,000 after acquiring an additional 93 shares during the period. Downshift Financial LLC raised its holdings in AON by 15,700.0% in the 3rd quarter. Downshift Financial LLC now owns 158 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 157 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of AON during the 1st quarter valued at $61,000. Reflection Asset Management bought a new stake in shares of AON during the 4th quarter valued at $72,000. Finally, Ashurst Perkins Coie Trust Co acquired a new stake in shares of AON during the 3rd quarter worth $60,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other AON news, Director Lester Knight acquired 20,000 shares of the company's stock in a transaction on Wednesday, September 2nd. The stock was acquired at an average price of $327.48 per share, for a total transaction of $6,549,600.00. Following the purchase, the director directly owned 163,000 shares of the company's stock, valued at $53,379,240. This trade represents a 13.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Darren Zeidel sold 1,900 shares of the business's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total transaction of $717,744.00. Following the completion of the sale, the general counsel directly owned 11,504 shares of the company's stock, valued at $4,345,751.04. This represents a 14.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is owned by insiders.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 2nd will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, November 2nd. AON's dividend payout ratio (DPR) is currently 18.08%.

AON News Roundup

Here are the key news stories impacting AON this week:

• Positive Sentiment: Aon secured the sole-broker role for Zurich’s marine and energy excess-of-loss reinsurance account, a business win that could support brokerage revenue and reinforce Aon’s position in specialty risk markets. Aon wins sole broker position on Zurich marine and energy XoL account
• Positive Sentiment: Aon and the European Bank for Reconstruction and Development expanded support for Ukraine war-risk reinsurance. The initiative could create additional specialty-risk opportunities and highlights Aon’s role in rebuilding insurance capacity in Ukraine. Aon, EBRD expand Ukraine war risk reinsurance
• Positive Sentiment: Aon promoted Chris Rafferty to chief integration officer for its Investment Management and Outsourcing business, while also appointing a Chicago leader. The moves may support integration and execution, although they are not immediate earnings catalysts. Aon promotes Chris Rafferty
• Neutral Sentiment: Aon appointed Leonora Siccardi as global chief execution officer for Risk Capital and Human Capital, effective October 14, adding a senior leadership change without clear near-term financial implications. Aon appoints Leonora Siccardi
• Neutral Sentiment: Preview coverage ahead of Aon’s next quarterly report focuses on expectations for results. Investors will likely watch organic growth, margins, retention and guidance following the company’s prior quarter of modest revenue growth. What to expect from Aon's next quarterly earnings report
• Negative Sentiment: Morgan Stanley reduced its AON price target to $350, following Cantor Fitzgerald’s cut to $400 from $433. Although both targets remain above the current share level, the reductions signal more cautious expectations for valuation or growth. Morgan Stanley cuts Aon price target

About AON

Aon plc is a global professional services firm that helps organizations manage risk, make informed decisions and improve workforce outcomes. Its services span commercial risk, health, retirement and investments, and data and analytics.

The company provides insurance brokerage and risk-management services, including coverage placement, claims support, risk transfer and consulting. Through its reinsurance business, Aon also serves insurers and other organizations seeking to manage catastrophe, capital and underwriting risks.

Aon's human capital offerings include employee benefits consulting, retirement advisory services, talent and compensation consulting, and health and workforce solutions.

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