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Investing.com - Keefe, Bruyette & Woods has reiterated its Outperform rating and $428.00 price target on Aon Corp (NYSE:AON).
The price target represents a multiple of 22.0x the firm’s 2026 estimated operating earnings per share for the insurance brokerage giant.
Keefe, Bruyette & Woods expects Aon to outperform as recently-recruited brokerage talent drives organic growth and helps cover pre-existing expenses.
The firm maintained its earnings per share estimates of $17.00 for 2025, $19.45 for 2026, and $21.95 for 2027.
These estimates factor in the pending sale of most of NFP’s wealth businesses, which Keefe, Bruyette & Woods models to close at year-end 2025, while including these units’ results in operating income until the transaction completes.
In other recent news, Aon plc has been active with several significant developments. The company announced a definitive agreement to sell the majority of NFP’s wealth business to Madison Dearborn Partners for an estimated $2.7 billion, with the transaction expected to close in late Q4 2025. This sale includes entities such as Wealthspire Advisors and Fiducient Advisors, and Aon anticipates receiving about $2.2 billion in cash after taxes. In a separate report, it was noted that the sale could be close to $3 billion, highlighting the strategic financial maneuvers Aon is undertaking. Additionally, Morgan Stanley upgraded Aon’s stock rating to Overweight, citing confidence in Aon’s strategic investments across various sectors, which are projected to enhance organic growth starting in the second half of 2025. Furthermore, Aon has made a strategic investment in eMed Population Health, Inc. to expand GLP-1 weight management solutions, aiming to improve employer-sponsored access to these therapies. This investment follows a successful implementation of eMed’s program for Aon’s U.S. workforce, which has shown promising results. These developments reflect Aon’s ongoing efforts to optimize its business portfolio and enhance its growth prospects.
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