Aon Sees Modest Growth and Margin Improvement in 2Q
Aon’s second-quarter results were basically in line with its peers, with some softness on the top line but with underlying margin improvement. While we expect some modest headwinds in the near term, we believe the performance of the leading brokerage firms will remain fairly steady, and see the industry as primarily characterized by limited long-term growth prospects but strong profitability. We will maintain our $116 fair value estimate and narrow-moat rating....
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.
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