Aon PLC Class A
AON: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$625.00 | Lxwxtr | Rxtwfyvbk |
Aon Earnings: Growth Is Back on Track
Aon’s second-quarter results show the company getting back on track following a weak first quarter. Year-over-year organic revenue growth was 6%, in line with what we’ve seen from peers. This supports our view that the previous quarter was a temporary blip based on mix. However, growth is a bit above our long-term expectations, and we do expect growth to moderate over time. We will maintain our $301 fair value estimate for the narrow-moat company and see shares as about fairly valued at the moment.