Eagle Capital Management Reduces $590M in Aon plc ($AON)
Eagle Capital Management slashed its holdings in Aon plc by 79.6%, selling over 1.8 million shares.
Key Points
- Eagle Capital Management cut its Aon plc stake by 79.6%, selling 1,806,064 shares to hold 463,350 shares valued at $155 million.
- Aon plc trades near $334.62 with a market cap of $71.6 billion, a P/E ratio of 18.39, and a 52-week range of $304.59 to $381.00.
- Analysts from Citigroup and Piper Sandler maintain a 'buy' rating on Aon, with price targets up to $420.
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Eagle Capital Management has significantly reduced its stake in Aon plc (NYSE: AON) according to its latest 13F filing with the SEC. The firm sold 1,806,064 shares, cutting its position by 79.6%. This leaves Eagle Capital with 463,350 shares valued at approximately $155 million as of the reporting period.
What Changed in Eagle Capital Management's Aon plc Position
Eagle Capital Management's decision to trim its holdings in Aon plc resulted in a reduction of 1,806,064 shares, moving from 2,269,414 shares to 463,350 shares. This marks a 79.6% decrease in their stake. The shares are now valued at $155 million.
Other Institutional Activity in Aon plc
Among other institutional investors, BlackRock, Inc. reduced its holdings by 88,427 shares, ending with 16,148,507 shares worth around $5.21 billion. Vanguard Capital Management LLC added 13,581,756 shares, bringing its total to that same number, valued at $4.38 billion. Capital World Investors trimmed its stake by 775,116 shares, holding 11,477,788 shares valued at $3.70 billion. Meanwhile, State Street Corp increased its position slightly by 15,800 shares, totaling 9,219,773 shares valued at $2.98 billion.
Aon plc Stock Down 8.1%
Shares of Aon plc (NYSE: AON) traded near $334.62. The company has a market cap of $71.6 billion and a P/E ratio of 18.39, with a forward P/E of 15.65. Aon's stock has a 52-week low of $304.59 and a high of $381.00, with a 50-day moving average of $321.93 and a 200-day moving average of $338.90. The company's beta is 0.714, indicating lower volatility compared to the market.
$AON stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Aon plc reported revenue of $17.49 billion with a growth rate of 6.5%. The company achieved a net margin of 22.54% and a return on equity of 46.45%. Earnings per share (EPS) stood at $18.23. The company is expected to announce its next earnings on May 1, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 target cuts vs 1 raises.
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EPS & revenue
EPS met estimates. Revenue met estimates.
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Profit surprise
EBITDA missed by 5 percent. Operating income missed by 9 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 target raise, 3 target cuts.
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Earnings quality
Gross margin up 35.2 points. Operating margin up 5.0 points. Positive free cash flow.
Earnings Call Summary
Aon delivered strong first quarter results with 5 percent organic revenue growth and 14 percent adjusted earnings per share growth on slightly lower reported revenue of 5.03 billion dollars. Management highlighted broad-based strength in Commercial Risk, which grew 7 percent for the fourth consecutive quarter above 6 percent, driven by new hires in construction and data centers, plus strong retention in mid-90s. The company emphasized that artificial intelligence and advanced analytics are now driving both revenue gains and margin expansion through tools like Broker Copilot and Claims Copilot, with plans to invest 1.3 billion dollars in talent and technology through 2026.
Guidance Aon reaffirmed its full year target for mid-single-digit or better organic revenue growth and 70 to 80 basis points of operating margin expansion. The company expects continued momentum from new business wins, revenue-generating hires, and growing demand in data center and workforce solutions throughout 2026.
Very weak report. The release materially worsened the forward outlook.
Dividend
Aon plc offers an annual dividend rate of $3.28, yielding 0.98%. The dividend payout ratio is 16.36%.
Insider Buying and Selling at Aon plc
Recent insider activity at Aon plc includes sales by Richard Notebaert on May 12, 2026, and several transactions on March 13, 2026. Lori Goltermann, CEO of Regions & North America, bought 518 shares on March 13 and sold 225 shares at $321.41. Anne Corona, Chief Commercial Officer, purchased 367 shares and later sold the same amount.
Analysts Set New Price Targets
On May 27, 2026, Citigroup maintained its 'buy' rating on Aon plc with a price target of $420. Piper Sandler also maintained a 'buy' rating on May 26, 2026, with a target of $360. Morgan Stanley reiterated its 'buy' stance on May 21, 2026, setting a target of $370. Overall, the consensus among 19 analysts is a 'buy' rating, with a mean target price of $384.10.
About Aon plc
Aon plc is a global professional services firm headquartered in Dublin, Ireland. It operates through two main segments: Risk Capital and Human Capital. The company provides a variety of services including risk consulting, insurance brokerage, health solutions, and wealth management. With a workforce of 60,000, Aon serves clients across the United States, Europe, Asia Pacific, and other regions. The company is led by CEO Gregory Clarence Case.
Bottom Line
Eagle Capital Management's decision to cut its stake in Aon plc reflects a substantial change in its investment strategy. Investors often track such filings to gauge institutional sentiment, although 13F filings are backward-looking and may not represent current positions. Aon plc remains a significant player in the financial services sector, with analysts maintaining a positive outlook on its stock.
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