Report
Brett Horn
EUR 100.00 For Business Accounts Only

Aon is an Attractive Tollbooth Business

Aon reported fourth-quarter results that were in line with those of its closest peer, Marsh & McLennan. The company saw solid growth, and its cost-reduction program appears to be on track. We will maintain our $139 fair value estimate and narrow moat rating.
Aon's top-line growth came in at 6% year over year excluding currency effects, acquisitions, and an accounting change. The brokerage side of the company's business is performing well, with the commercial and reinsurance segments up 4% an...
Underlying
Aon Plc Class A

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brett Horn

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