Professional
Added to YB: 2024-08-07
Pitch date: 2024-06-30
AON [bullish]
Aon plc
+11.74%
current return
Author Info
No bio for this author
Company Info
Aon plc operates as a professional services firm in the United States, rest of the Americas, the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, and the Asia Pacific.
Market Cap
$69.8B
Pitch Price
$290.24
Price Target
N/A
Dividend
0.91%
EV/EBITDA
13.90
P/E
19.15
EV/Sales
4.86
Sector
Insurance
Category
value
Artisan Global Value Fund New Position: Aon plc
AON: Global #2 insurance broker, resilient model, recurring revenue. Stock -13% YoY due to slower growth vs Marsh & McLennan & expensive NFP acquisition. Trades 17x fwd earnings, discount to peers. Expect growth normalization as IPO/M&A activity recovers & NFP integrated. High single-digit profit/FCF growth long-term.
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