Top 5 Stocks To Buy According To Thomas Steyer’s Farallon Capital

4. Aon Plc (NYSE:AON)

Farallon Capital’s Stake Value: $630.95 million
Percentage of Farallon Capital’s 13F Portfolio: 2.8%
Number of Hedge Fund Holders: 68

Aon Plc (NYSE:AON) operates as a global professional services firm which provides a range of financial risk-mitigation and insurance products.

After the second quarter of 2021, Thomas Steyer’s hedge fund owns 2.64 million shares worth $630.9 million in Aon Plc (NYSE:AON), representing 2.8% of the fund’s overall holdings value.

On September 2, MKM Partners analyst Harry Fong raised the price target on Aon Plc (NYSE:AON) to $350 from $300, and kept a Buy rating on the shares of the company.

As of Q2 2021, 68 hedge funds out of 873 tracked by Insider Monkey held stakes in Aon Plc (NYSE: AON) worth $8.12 billion, in comparison to $7.76 billion worth of stakes in the company held by 72 hedge funds in the previous quarter.

Polen Capital, an investment management firm, published its insights on Aon Plc (NYSE: AON) in its investor letter for Q2 2021. Here’s what they had to say:

“In the case of Aon, we purchased a small initial position in June. Within days of our initial purchase, the U.S. Department of Justice challenged Aon’s pending merger with Willis Towers Watson, and the stock fell as a result. Outside this event, Aon’s business continues to be well-positioned and operating exceptionally well, in our opinion. We  detail our investment case for the business in the Portfolio Activity section. Importantly, while we remain confident that Aon can find a path forward with the U.S. Department of Justice, the consummation of the merger is not required for our investment case.”