MKM Partners analyst Harry Fong maintained a Buy rating on Aon (AON) on May 4 and set a price target of $215.00. The company’s shares closed last Tuesday at $182.93.
According to TipRanks.com, Fong is a 5-star analyst with an average return of 14.3% and a 76.0% success rate. Fong covers the Financial sector, focusing on stocks such as Travelers Companies, Arch Capital Group, and Hartford Financial.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Aon with a $210.13 average price target, representing a 18.7% upside. In a report issued on April 27, Wells Fargo also maintained a Buy rating on the stock with a $232.00 price target.
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Based on Aon’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.22 billion and net profit of $772 million. In comparison, last year the company earned revenue of $3.14 billion and had a net profit of $659 million.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AON in relation to earlier this year.
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Aon Plc is engaged in the provision of a range of risk, retirement, and health solutions. It operates through Aon United segment. The Aon United segment gives advice and solutions to clients focused on risk, retirement, and health through five principal products and service revenue lines: Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions, and Data and Analytic Services. The Commercial Risk Solutions includes retail brokerage, cyber solutions, global risk consulting, and captives. The Reinsurance Solutions comprises treaty and facultative reinsurance brokerage and capital markets. The Retirement Solutions consists core retirement, investment consulting, and talent, rewards and performance. The Health Solutions involves in heath and benefits brokerage and healthcare exchanges. The Data and Analytic Services composes of Affinity, Aon InPoint, and ReView. The company was founded in 1979 and is headquartered in London, the United Kingdom.
