This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Offer Insights on Financial Companies: Porch Group (PRCH), Aon (AON) and Ares Capital (ARCC)

Tipranks - Fri Jul 31, 7:02AM CDT

Analysts have been eager to weigh in on the Financial sector with new ratings on Porch Group (PRCH), Aon (AON) and Ares Capital (ARCC).

Claim 55% Off TipRanks

Porch Group (PRCH)

Cantor Fitzgerald analyst Matthew VanVliet reiterated a Buy rating on Porch Group yesterday and set a price target of $18.00. The company’s shares closed last Wednesday at $12.36.

According to TipRanks.com, VanVliet is ranked 0 out of 5 stars with an average return of -5.7% and a 40.4% success rate. VanVliet covers the Technology sector, focusing on stocks such as Klaviyo, Inc. Class A, Tyler Technologies, and SPS Commerce. ;'>

Porch Group has an analyst consensus of Strong Buy, with a price target consensus of $17.13, which is a 36.6% upside from current levels. In a report issued on July 14, Craig-Hallum also maintained a Buy rating on the stock.

See today’s best-performing stocks on TipRanks >>

Aon (AON)

In a report released yesterday, Michael Zaremski from BMO Capital maintained a Hold rating on Aon, with a price target of $375.00. The company’s shares closed last Wednesday at $377.16.

According to TipRanks.com, Zaremski is a 5-star analyst with an average return of 10.1% and a 67.0% success rate. Zaremski covers the Financial sector, focusing on stocks such as Skyward Specialty Insurance Group, Inc., Marsh & McLennan Companies, and Selective Insurance Group. ;'>

Currently, the analyst consensus on Aon is a Moderate Buy with an average price target of $400.46, implying an 8.9% upside from current levels. In a report issued on July 15, Piper Sandler also downgraded the stock to Hold with a $377.00 price target.

Ares Capital (ARCC)

Truist Financial analyst Arren Cyganovich assigned a Buy rating to Ares Capital today and set a price target of $21.00. The company’s shares closed last Wednesday at $18.71.

According to TipRanks.com, Cyganovich is a 5-star analyst with an average return of 15.7% and a 64.0% success rate. Cyganovich covers the Financial sector, focusing on stocks such as MidCap Financial Investment Corporation, Nuveen Churchill Direct Lending Corp., and Blackstone Secured Lending Fund. ;'>

Currently, the analyst consensus on Ares Capital is a Moderate Buy with an average price target of $19.90, representing a 4.2% upside. In a report released yesterday, Bank of America Securities also maintained a Buy rating on the stock with a $20.50 price target.

Read More on PRCH:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.