5 Best Stocks to Buy Today According to Wallace Weitz’s Hedge Fund

3. Aon plc (NYSE:AON)

Weitz Investment Management’s Stake Value: $112.89 million

Percentage of Weitz Investment Management’s 13F portfolio: 4.72%

Total Number of Hedge Fund Holders: 68

Next in line in the list of the best stocks to buy now according to Wallace Weitz is the global financial services giant Aon plc (NYSE: AON). In its Q3 13F filing, Weitz’s hedge fund included a $112.89 million position in the company that contained 395,060 shares, which is a a decrease of 7% in total holdings as compared to the end of June.

Aon plc (NYSE: AON) provides financial solutions to its clients focused around health, risk and retirement plans. The company is headquartered in Dublin, Ireland and employs 50,000 people worldwide.

On November 1, research firm MKM Partners kept its ‘Buy’ rating on Aon plc (NYSE: AON) stock, raising the price target to $370 from $350. Analyst Harry Fong noted that the company’s organic revenue growth stood strong at 12%, and that the demand for Aon’s consulting services is likely to surge as insurance buyers look for assistance in holding down their insurance premiums.

In Q2 2021, 68 hedge funds held stakes worth $8.12 billion in Aon plc (NYSE: AON), showing a downward trend from the previous quarter where 72 hedge funds held positions in the company.