Is Aon plc (AON) A Smart Long-Term Buy?

Polen Capital, an investment management firm, published its “Polen Global Growth” third quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly gross return of -3.03% was delivered by the fund for the third quarter of 2021, versus the MSCI AllCountry World Index (the “Index”)’s return of -1.06% 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.

Polen Global Growth, 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 $66.1 billion market capitalization. AON delivered an 85.95% return since the beginning of the year, while its 12-month returns are up by 173.25%. The stock closed at $299.81 per share on November 17, 2021.

Here is what Polen Global Growth has to say about Aon plc  in its Q3 2021 investor letter:

“Shares of Aon rallied following reports of its agreement with Willis Towers Watson to end plans for a proposed $30 billion merger, which would have created the largest global insurance brokerage firm. While the merger offered the potential to create an even more dominant business, it would have taken years of integration work. With that overhang removed and Aon still possessing formidable competitive advantages, the company’s shares rebounded sharply.”

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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 19.06% return in the past 3 months.

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