Billionaire Ray Dalio and Insiders Love These 5 Stocks

2. Aon PLC (NYSE:AON)

Bridgewater Associates’ Stake: $16,291,009

Management consulting company Aon PLC (NYSE:AON) ranks second in our list of the stocks Ray Dalio and insiders are crazy about. Ray Dalio’s Bridgewater Associates has a $16.3 million stake in Aon PLC (NYSE:AON) as of the end of 2023. Lester B. Knight, a member of Aon PLC’s (NYSE:AON) board of directors, bought 50,000 shares of Aon PLC (NYSE:AON) at February 7 at $301.97 per share. Since then through March 8 the stock has lost about 4.6% in value.

Polen Global Growth Strategy stated the following regarding Aon plc (NYSE:AON) in its fourth quarter 2023 investor letter:

“AON PLC’s (NYSE:AON) stock price underperformed this past quarter following the announcement of the company’s acquisition of NFP, a middle market insurance broker, for $13 billion. Though the deal complements Aon’s current business, it is expected to be dilutive to earnings in the near term, prompting a sell-off in the shares. We will continue to assess the merits of the NFP transaction, but it does not currently change our long-term view of Aon, which we view as a steady, durable, low-teens earnings compounder.”