Wells Fargo analyst Elyse Greenspan maintains $Aon PLC (AON.US)$ with a sell rating, and adjusts the target price from $300 to $315.
According to TipRanks data, the analyst has a success rate of 64.5% and a total average return of 8.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Aon PLC (AON.US)$'s main analysts recently are as follows:
Insurance brokers remain generally positive about the prospects for organic growth guidance into 2024, with expectations for large-cap broker organic growth to be above average in the third quarter. Nonetheless, there is an anticipation for a gradual deceleration of the group's underlying growth towards long-term norms over the years 2025 to 2026. Changes in target assessments for the group are reflective of events transpiring throughout the quarter as well as a widespread expansion in market price-to-earnings multiples.
Property & Casualty insurance stocks performed well in the third quarter due to a lighter natural catastrophe season and market positioning, pushing the stocks to new highs. Despite the changing dynamics brought on by Hurricane Helene and Hurricane Milton, it is anticipated that the upcoming reports from the underwriters will still be favorable.
Q3 outcomes, particularly for reinsurers, could be impacted by the recent Hurricane Milton. The sentiment is more positive on Personal due to bettering margins and growth in policies-in-force. The anticipation for Q3 suggests catastrophe losses might be lower than the five-year seasonal average but still significantly higher than the same quarter the previous year, which could present challenges for primary insurers.
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