On July 2, Aon rose 3.02% in regular trading, trading at $353.78/share, with turnover of $113 million. The rally was driven by Goldman Sachs raising its price target on Aon from $367 to $375 while maintaining a Buy rating, combined with broad strength across the insurance brokerage sector.
The current analyst consensus target price stands at $383.79, implying approximately 8% upside from the current trading level. Within the Insurance Brokers sector, peers rallied in tandem, with Arthur J. Gallagher up 4.28%, Ryan Specialty up 3.90%, Willis Towers Watson up 3.40%, Brown & Brown up 2.92%, and Marsh up 2.37%.
On the fundamental side, Aon reported Q1 adjusted EPS of $6.48, beating the consensus estimate of $6.40 by 1.25%. Revenue came in at $5.034 billion, representing 6.45% year-over-year growth, while net income surged 26.17% year-over-year. The earnings resilience continues to support valuation recovery for the stock.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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