Report
Brett Horn, CFA
EUR 98.48 For Business Accounts Only

Aon Steady in 1Q, Plans to Take Out Costs

Aon turned in a solid first quarter. While reported results were hampered by a restructuring charge, the company showed solid growth and improved underlying margins. With the divestiture of the low-margin benefits administration and business process outsourcing operation and Aon’s restructuring efforts, there could be opportunities for Aon to improve its profitability going forward. We will maintain our $103 fair value estimate and narrow moat rating....
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, CFA

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