Added to YB: 2024-05-03
Pitch date: 2024-05-02
AON [bullish]
Aon plc
+28.96%
current return
Author Info
Company Info
Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide.
Market Cap
$73.8B
Pitch Price
$274.58
Price Target
368.95 (+4%)
Dividend
0.87%
EV/EBITDA
15.68
P/E
27.48
EV/Sales
5.32
Sector
Insurance
Category
value
May, 2024 Update - Aon plc
AON: Buying 3% at $282 - insurance broker w/ 30% op margin & ROIC. Low underwriting risk, inflation immune. Duopoly w/ MMC serving Fortune 500 clients globally. Struggling #3 WTW failed to merge. NFP acq expands to middle market - success TBD but setback unlikely. Expect GDP+ org growth, margin expansion. Stock at 18x P/E vs MMC & S&P premium historically - good value for compounder. Risks: P&C cycle exposure.
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