10 Best Performing Insurance Stocks to Buy Now

5. Aon plc (NYSE:AON)

1-Year Returns: 26.77%

No. of Hedge Fund Holders: 59

Aon plc (NYSE:AON) is a professional services company that offers risk management, insurance brokerage, and human capital consulting. The company provides advice and solutions through four principal products and services: commercial risk solutions, reinsurance solutions, health solutions, and wealth solutions.

On February 5, Keefe, Bruyette & Woods analyst Meyer Shields increased the price target on AON from $411 to $414, rating the stock as an Outperform. The price upgrade follows Aon plc’s Q4 2024 quarterly results as the company achieved a 6% organic revenue growth and a 17% increase in total revenue in 2024 compared to 2023. The increase in revenue indicates strong growth fundamentals. Aon’s solid prospects for organic growth position it well for potential multiple expansion.

Whereas, its consistent performance in managing expenses adds to its overall ability to improve earnings. Aon plc (NYSE:AON) recorded a 17% growth in operating income in 2024 and a 10% increase in adjusted EPS from a year ago, reflecting effective cost management and operational efficiency. Aon maintains its dominant market position and the dividend payments for 46 consecutive years are evidence of its strong financial stability.