Zacks Research Weighs in on AON’s Q3 Earnings (NYSE:AON)

Aon plc (NYSE:AON) – Equities research analysts at Zacks Research dropped their Q3 2026 earnings per share (EPS) estimates for AON in a research note issued on Tuesday, August 11th. Zacks Research analyst Team now expects that the financial services provider will earn $3.34 per share for the quarter, down from their previous estimate of $3.38. The consensus estimate for AON’s current full-year earnings is $19.06 per share. Zacks Research also issued estimates for AON’s Q4 2026 earnings at $5.31 EPS, FY2026 earnings at $18.94 EPS, Q1 2027 earnings at $7.08 EPS, Q2 2027 earnings at $4.18 EPS, Q3 2027 earnings at $3.74 EPS, Q4 2027 earnings at $5.97 EPS, Q2 2028 earnings at $4.61 EPS and FY2028 earnings at $23.07 EPS.

AON (NYSE:AON) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $3.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.80 by $0.01. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. AON had a return on equity of 42.13% and a net margin of 22.27%.AON’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.49 EPS.

Other analysts have also issued reports about the stock. Cantor Fitzgerald boosted their target price on shares of AON from $416.00 to $445.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Barclays upped their target price on shares of AON from $372.00 to $382.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. UBS Group raised their target price on shares of AON from $383.00 to $387.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Roth Capital reiterated a “buy” rating and issued a $420.00 price target on shares of AON in a report on Friday, July 31st. Finally, Mizuho increased their price objective on AON from $426.00 to $437.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $410.75.

AON Stock Performance

AON stock opened at $356.39 on Wednesday. AON has a twelve month low of $304.59 and a twelve month high of $382.34. The firm has a market cap of $75.60 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.84 and a beta of 0.69. The business’s fifty day simple moving average is $346.59 and its two-hundred day simple moving average is $332.72. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.34.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be issued a $0.82 dividend. The ex-dividend date is Monday, August 3rd. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. AON’s payout ratio is currently 18.08%.

Insider Buying and Selling at AON

In other news, General Counsel Darren Zeidel sold 1,900 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $377.76, for a total value of $717,744.00. Following the completion of the sale, the general counsel owned 11,504 shares of the company’s stock, valued at approximately $4,345,751.04. This represents a 14.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 4,450 shares of company stock valued at $1,659,242. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of AON

Hedge funds have recently bought and sold shares of the stock. Aviva PLC raised its stake in shares of AON by 2.0% during the 4th quarter. Aviva PLC now owns 333,454 shares of the financial services provider’s stock worth $117,669,000 after acquiring an additional 6,622 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in AON by 21.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,552 shares of the financial services provider’s stock valued at $13,251,000 after acquiring an additional 6,509 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in AON by 9.1% in the fourth quarter. Handelsbanken Fonder AB now owns 67,034 shares of the financial services provider’s stock worth $23,655,000 after purchasing an additional 5,585 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of AON by 1,864.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 343,754 shares of the financial services provider’s stock worth $121,304,000 after purchasing an additional 326,256 shares in the last quarter. Finally, Highland Capital Management LLC purchased a new stake in shares of AON during the 4th quarter valued at $1,359,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Key AON News

Here are the key news stories impacting AON this week:

• Positive Sentiment: Zacks raised its Q1 2027 EPS estimate to $7.08 from $7.03, and increased its Q4 2027 forecast to $5.97 from $5.90. These upgrades suggest some confidence in Aon’s earnings outlook during parts of 2027.
• Neutral Sentiment: The analyst’s estimates imply EPS of $18.94 for FY2026 and $23.07 for FY2028. However, the FY2026 figure remains below the broader consensus estimate of $19.06, limiting the positive impact of the longer-term outlook.
• Negative Sentiment: Zacks lowered estimates for Q3 2026 EPS to $3.34 from $3.38, Q4 2026 EPS to $5.31 from $5.35, Q2 2027 EPS to $4.18 from $4.21, Q3 2027 EPS to $3.74 from $3.83, Q2 2028 EPS to $4.61 from $4.66, FY2026 EPS to $18.94 from $19.02, and FY2028 EPS to $23.07 from $23.11. The broad pattern points to modestly softer expected earnings growth.
• Negative Sentiment: Aon’s report that insurance prices are falling as geopolitical conflicts prompt insurers to tighten underwriting checks may concern investors. Lower pricing can weigh on premium growth, while stricter checks could slow business volumes, although demand for risk-management services may provide some offset. Insurance prices fall as wars push insurers to tighten checks: Aon
• Negative Sentiment: An outside analysis describes Aon as fundamentally strong but argues that its roughly 19–22 times earnings valuation is high relative to about 5% organic growth, pressured margins, client-retention risks and a dividend yield below 1%. This valuation concern may limit upside and contribute to selling pressure. Aon: Fundamentally Strong, But Needs To Become Cheaper

AON Company Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.