Quick Take
Aon (AON) announced it has agreed to acquire CoverWallet for an undisclosed amount.
CoverWallet operates as a digital insurance platform for small and medium-sized businesses [SMBs].
AON will add CoverWallet to its expanding New Ventures Group as it seeks to take advantage of new technologies impacting the insurance industry.
The stock has had a very nice run over the past 12 months, with lower interest rates, a stimulative government policy, and strong earnings. My concern is whether the party will continue or if AON has topped out.
Target Company
New York-based