Aon PLC Class A
AON: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| >>c | LOCK|%%&D# | LOCK|>C^mg$D |
Aon Earnings: Relatively Strong Growth
In the third quarter, narrow-moat Aon bucked the trend of slowing growth that we saw from its closest peer, Marsh McLennan. Year-over-year organic growth of 7% marked a modest acceleration from recent results, and Aon continues to maintain a growth rate a bit above our long-term expectations. We maintain our $313 fair value estimate and see the shares as modestly overvalued.
