Following this transaction, Stevens retains ownership of 8,076.8358 shares in the company. The sale was executed directly, as indicated in the filing. InvestingPro data reveals that Aon has maintained dividend payments for 45 consecutive years, demonstrating strong financial stability. Subscribers can access 10 additional ProTips and a comprehensive Pro Research Report, offering deeper insights into Aon's $84.7 billion market cap business. InvestingPro data reveals that Aon has maintained dividend payments for 45 consecutive years, demonstrating strong financial stability. Subscribers can access 10 additional ProTips and a comprehensive Pro Research Report, offering deeper insights into Aon's $84.7 billion market cap business.
Following this transaction, Stevens retains ownership of 8,076.8358 shares in the company. The sale was executed directly, as indicated in the filing.
In other recent news, Aon Corp (NYSE:AON)'s third-quarter earnings for 2024 exceeded expectations, prompting BMO Capital Markets to raise its price target on Aon shares to $380. The firm's analyst adjusted the earnings per share (EPS) estimates for 2025 and 2026 upward by 1% and 7% respectively, citing stronger revenue and lower interest expenses.
Aon also announced an agreement to acquire UK-based insurance broker Griffiths & Armour, which is expected to close in the first quarter of 2025. Goldman Sachs maintained a Neutral stance on Aon, increasing its price target to $390 based on the company's organic growth prospects. However, RBC Capital reduced its stock price target for Aon from $390 to $365, while maintaining a Sector Perform rating.
These recent developments reflect Aon's robust growth and strategic gains, including a 7% organic revenue growth and a 26% total revenue increase in the third quarter of 2024. The company's acquisition of NFP, a leading insurance broker and consultant, is expected to generate $175 million in revenue synergies and $60 million in operational efficiencies by 2026.
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