Aon Plc (AON - Free Report) recently announced that it has completed the acquisition of Brazilian benefits brokerage and solutions provider, Admix. The financial terms of the transaction were not disclosed.
The Aon stock has gained 0.21% since Nov 2016, when it made its decision to acquire Admix public. The Zacks categorized Insurance-Brokers industry has lost 0.87% in the same period. This price appreciation reflects shareholders’ optimism about the buyout. We expect the deal to solidify Aon’s presence in Brazil and help it benefit from the steadily growing private health insurance market.
Price Chart
Another reason behind this price appreciation might be the recent hike in interest rate that has made investors optimistic about insurance stocks like Hartford Financial Services Group, Inc. (HIG - Free Report) , Kemper Corporation (KMPR - Free Report) and Radian Group Inc. (RDN - Free Report) . This has also cast a ray of hope for Aon.
Admix has been serving clients in Brazil with health and benefits brokerage solutions for more than 25 years. The company presently has more than 1.4 million beneficiaries across approximately 6,700 companies of all industries. Its broker partners and clients are expected to continue to reap financial and operational benefits from a scaled operating platform as well as enhanced data & analytics capabilities.
Aon’s efforts to expand its capability and global footprint through tuck-in acquisitions in emerging markets has found favor with investors. In the fourth quarter, Aon announced its decision to purchase Stroz Friedberg to integrate two of the world's most highly skilled teams focused on cyber risk mitigation.
Zacks Rank
Aon presently has a Zacks Rank #3 (Hold).You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Aon Plc (AON - Free Report) recently announced that it has completed the acquisition of Brazilian benefits brokerage and solutions provider, Admix. The financial terms of the transaction were not disclosed.
The Aon stock has gained 0.21% since Nov 2016, when it made its decision to acquire Admix public. The Zacks categorized Insurance-Brokers industry has lost 0.87% in the same period. This price appreciation reflects shareholders’ optimism about the buyout. We expect the deal to solidify Aon’s presence in Brazil and help it benefit from the steadily growing private health insurance market.
Price Chart
Another reason behind this price appreciation might be the recent hike in interest rate that has made investors optimistic about insurance stocks like Hartford Financial Services Group, Inc. (HIG - Free Report) , Kemper Corporation (KMPR - Free Report) and Radian Group Inc. (RDN - Free Report) . This has also cast a ray of hope for Aon.
Admix has been serving clients in Brazil with health and benefits brokerage solutions for more than 25 years. The company presently has more than 1.4 million beneficiaries across approximately 6,700 companies of all industries. Its broker partners and clients are expected to continue to reap financial and operational benefits from a scaled operating platform as well as enhanced data & analytics capabilities.
Aon’s efforts to expand its capability and global footprint through tuck-in acquisitions in emerging markets has found favor with investors. In the fourth quarter, Aon announced its decision to purchase Stroz Friedberg to integrate two of the world's most highly skilled teams focused on cyber risk mitigation.
Zacks Rank
Aon presently has a Zacks Rank #3 (Hold).You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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