Should You Consider Investing in Aon plc (AON)?

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Weitz Investment Management, an investment management firm, published its “Partners III Opportunity Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. A return of -0.06% was recorded by the fund in the third quarter of 2021, compared to +0.58% for the S&P 500 and -0.10% for the Russell 3000 for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Weitz Investment Management Partners III Opportunity Fund, in its Q3 2021 investor letter, mentioned Aon plc (NYSE: AON) and discussed its stance on the firm. Aon plc is a London, United Kingdom-based insurance company with a $65.3 billion market capitalization. AON delivered a 40.48% return since the beginning of the year, while its 12-month returns are up by 49.39%. The stock closed at $296.79 per share on November 12, 2021.

Here is what Weitz Investment Management Partners III Opportunity Fund has to say about Aon plc in its Q3 2021 investor letter:

“Insurance brokerage Aon’s shares also rallied in the wake of their abandoned merger with Willis Tower Watson. Walking away from the deal removed the uncertainty of a potentially protracted court battle and refocused investors on Aon’s attractive standalone prospects.”


Based on our calculations, Aon plc (NYSE: AON) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. AON was in 68 hedge fund portfolios at the end of the first half of 2021, compared to 72 funds in the previous quarter. Aon plc (NYSE: AON) delivered a 6.24% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.