Added to YB: 2024-05-03
Pitch date: 2024-05-02
AON [bullish]
Aon plc
+18.64%
current return
Author Info
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
$68.6B
Pitch Price
$273.27
Price Target
368.95 (+14%)
Dividend
1.02%
EV/EBITDA
13.41
P/E
17.63
EV/Sales
4.74
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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