Aon plc $AON Shares Purchased by Kornitzer Capital Management Inc. KS

Key Points

• Kornitzer Capital Management increased its Aon stake by 272.3% in the third quarter, buying 109,053 shares and ending the period with 149,103 shares valued at about $41.3 million.
• Aon director Lester Knight purchased 20,000 shares at an average of $327.48 each, increasing his direct ownership by 13.99%.
• Aon beat quarterly earnings expectations, reporting $3.36 per share versus the $3.30 consensus, while revenue rose 2.6% year over year to $4.10 billion.

Kornitzer Capital Management Inc. KS boosted its holdings in shares of Aon plc (NYSE:AON - Free Report) by 272.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,103 shares of the financial services provider's stock after purchasing an additional 109,053 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.07% of AON worth $41,267,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Downshift Financial LLC raised its holdings in shares of AON by 15,700.0% in the 3rd quarter. Downshift Financial LLC now owns 158 shares of the financial services provider's stock worth $44,000 after buying an additional 157 shares in the last quarter. Ashurst Perkins Coie Trust Co acquired a new stake in AON in the 3rd quarter valued at $60,000. Cassaday & Co Wealth Management LLC bought a new stake in AON in the first quarter valued at $61,000. Maryland Capital Advisors Inc. grew its position in AON by 23,400.0% in the third quarter. Maryland Capital Advisors Inc. now owns 235 shares of the financial services provider's stock valued at $65,000 after acquiring an additional 234 shares during the period. Finally, Clark Wealth Partners raised its stake in AON by 2,200.0% during the third quarter. Clark Wealth Partners now owns 253 shares of the financial services provider's stock worth $70,000 after acquiring an additional 242 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Lester Knight acquired 20,000 shares of the firm's stock in a transaction on Wednesday, September 2nd. The shares were purchased at an average price of $327.48 per share, with a total value of $6,549,600.00. Following the acquisition, the director directly owned 163,000 shares in the company, valued at $53,379,240. The trade was a 13.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.

AON Trading Down 2.9%

Shares of AON opened at $334.57 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 4.72 and a current ratio of 4.72. The company has a market cap of $70.98 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 1.76 and a beta of 0.63. The stock has a fifty day moving average price of $300.47 and a two-hundred day moving average price of $325.93. Aon plc has a 52-week low of $266.33 and a 52-week high of $382.34.

AON (NYSE:AON - Get Free Report) last announced its earnings results on Wednesday, October 28th. The financial services provider reported $3.36 EPS for the quarter, topping the consensus estimate of $3.30 by $0.06. AON had a return on equity of 40.46% and a net margin of 22.24%. The company had revenue of $4.10 billion for the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter in the prior year, the business earned $3.05 earnings per share. The business's revenue for the quarter was up 2.6% on a year-over-year basis. Analysts predict that Aon plc will post 18.47 EPS for the current fiscal year.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Monday, November 2nd will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. AON's dividend payout ratio is currently 17.96%.

AON News Roundup

Here are the key news stories impacting AON this week:

• Positive Sentiment: Aon and funds managed by Blackstone are launching Cortina, a Lloyd’s syndicate intended to provide dedicated, multi-year reinsurance capacity. The venture could broaden capital available to clients, and participating Aon clients may receive a dividend. Cortina is expected to start underwriting on January 1, 2027, subject to final approvals, with QBE as managing agent. Article
• Positive Sentiment: Aon is expanding its Lloyd’s-backed follow-form client treaty facility to cover 35% for 2027, up from 28.5%, and adding facultative capacity for Canadian insurers. The move may strengthen Aon’s reinsurance offering and client relationships, though the expanded capacity is forward-looking. Article
• Positive Sentiment: BMO Capital Markets upgraded its rating on AON, a supportive analyst signal. The linked report does not provide the revised rating or price target. Article
• Neutral Sentiment: An Aon report forecasts India’s medical-cost growth will slow to 10.1% in 2027. This may be useful to clients, but the report’s outlook alone has no clear, direct near-term earnings implication for Aon. Article
• Negative Sentiment: Dowling & Partners lowered its 2026 earnings-per-share estimate to $18.50 from $18.70. The reduction is modest and close to the cited consensus estimate of $18.47, but may weigh on sentiment. Article

Analysts Set New Price Targets

A number of research analysts have issued reports on AON shares. Evercore cut their price objective on AON from $423.00 to $375.00 in a report on Thursday, October 8th. Wells Fargo & Company upped their target price on shares of AON from $323.00 to $364.00 and gave the stock an "overweight" rating in a report on Monday, November 2nd. BMO Capital Markets upgraded shares of AON from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $319.00 to $380.00 in a research report on Tuesday, November 3rd. Cantor Fitzgerald lifted their price target on shares of AON from $400.00 to $410.00 and gave the company an "overweight" rating in a report on Monday, November 2nd. Finally, TD Cowen boosted their price target on shares of AON from $416.00 to $420.00 and gave the company a "buy" rating in a research report on Monday, September 14th. Thirteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, AON currently has a consensus rating of "Hold" and a consensus target price of $369.12.

About AON

Aon plc is a global professional services firm that helps organizations manage risk and make decisions about their people and finances. Its services include insurance brokerage, risk consulting, reinsurance solutions, employee benefits consulting and retirement and investment advisory services.

The company serves businesses and institutions across a broad range of industries and geographies. Aon was formed in 1982 as Ryan Insurance Group and adopted the Aon name in 1987. It is headquartered in Dublin, Ireland, and operates internationally.

Greg Case has served as Aon's chief executive officer since 2005.

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