In the third quarter, Mirae Asset Global Investments Co. Ltd. increased its stake in Aon plc by 11.1%, adding 3,100 shares to bring its total holding to 31,043 shares. According to the firm’s most recent 13F filing with the SEC, this position carried a valuation of $11.07 million at quarter end. This move underscores growing confidence from a major Asia-based asset manager and contributes to the 86.14% of Aon shares now held by institutional investors overall.

Several other large managers also boosted their Aon exposure during the same period. Bank of New York Mellon Corp. expanded its holding by 5.9%—adding 207,690 shares for a total position valued at $1.32 billion. Federated Hermes increased its stake by 48.5%, while Phoenix Financial nearly doubled its Aon allocation with a 98.6% jump. Vanguard Personalized Indexing Management added 1,009 shares, lifting its position above $9.8 million. These coordinated increases reflect positive sentiment among both diversified and specialized funds.

Aon’s fourth-quarter report delivered EPS of $4.85, beating consensus by $0.10, and generated $1.32 billion in free cash flow, up 16% year-over-year. Revenue rose 4% to $4.30 billion, driven by 6% organic growth in commercial risk and 8% growth in reinsurance solutions. The company paid down $1.9 billion of debt in 2025 and announced a quarterly dividend of $0.745 per share, representing a 23.9% payout ratio and an annualized yield of 0.9%, payable to holders of record February 2.

Wall Street sentiment remains favorable, with 12 analysts recommending buy and seven holding. The consensus target price sits near $408.50, reflecting upside potential from Aon’s 3x3 strategy and Aon United integration plan. Management expects mid-single-digit organic revenue growth in 2026, 70–80 basis points of operating margin expansion, and double-digit free cash flow growth, underpinned by disciplined M&A and ongoing share repurchases totalling $1 billion this year.