Aon PLC Class A
AON: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$364.00 | Mwthzg | Jtldtfnq |
Aon Earnings: Solid Results but Lags Peers
Aon continued to generate solid results in the first quarter, with the company seeing relatively strong growth relative to its historical performance, and margin improvement. But overall year-over-year organic growth of 7%, while healthy, falls a bit short of what we saw from peers. Further, we believe that a return to more modest growth is coming. We will maintain our $275 fair value estimate for the narrow-moat company and see shares as modestly overvalued.