Aon plc Stock Rating Maintained as Barclays Lowers PT to $401

Barclays lowered the price target of Aon plc (NYSE:AON) from $415 to $401, maintaining its Overweight rating. Analyst Alex Scott believes Aon plc remains cautious on property and casualty carriers due to unfavourable mix shifts and softening rates. However, Scott is more constructive on reinsurers, expecting mid-single-digit organic revenue growth and double-digit free cash flow growth in 2025.

On July 7, 2025, Barclays analyst Alex Scott issued a report maintaining the "Overweight" rating for Aon plc (NYSE:AON), while adjusting the price target from $415.00 to $401.00. The reduction of 3.37% in the price target reflects Barclays' strategic positioning on Aon's future market performance [1].

Scott's caution on property and casualty carriers is driven by unfavourable mix shifts and softening rates. However, the analyst is more constructive on reinsurers, expecting mid-single-digit organic revenue growth and double-digit free cash flow growth in 2025. This outlook is reflected in the adjusted price target, which still indicates potential upside of 13.84% from the stock's current price [2].

The updated price target aligns with the average target price of $398.80, as forecasted by 17 analysts, and the average brokerage recommendation of "Hold" status from 22 firms. Additionally, GuruFocus estimates the GF Value for Aon plc in one year to be $419.85, suggesting an upside of 19.06% from the current price [1].

Institutional investors have also been actively managing their holdings in Aon plc. Kathmere Capital Management LLC, for instance, reduced its holdings by 9.7% during the first quarter, while other large investors like Norges Bank and Artisan Partners Limited Partnership have increased their stakes [2].

Analysts from various firms have issued a range of ratings and price targets for Aon plc. JPMorgan Chase & Co. raised their price objective from $394.00 to $409.00 and gave the company an "overweight" rating. Piper Sandler and Wells Fargo & Company also raised their price targets, while Barclays and Redburn Atlantic issued more cautious views [2].

Aon plc reported earnings of $5.67 per share for the quarter, missing the consensus estimate of $6.04. The company's revenue was up 16.2% year-over-year, and the business is expected to post 17.21 earnings per share for the current year. The company also declared a quarterly dividend of $0.745 per share, with an annualized yield of 0.84% [2].

In conclusion, the updated price target and rating reflect Barclays' cautious view on property and casualty carriers while maintaining a positive outlook on reinsurers. Investors should consider this adjustment while evaluating Aon plc's stock in their portfolios.

References:
[1] https://www.gurufocus.com/news/2962167/aon-stock-rating-remains-overweight-as-price-target-lowered-by-barclays-aon-stock-news
[2] https://www.marketbeat.com/instant-alerts/filing-kathmere-capital-management-llc-has-341-million-stock-holdings-in-aon-plc-nyseaon-2025-07-12/