Wesbanco Bank Inc. Buys 1,394 Shares of Aon plc (NYSE:AON)

Wesbanco Bank Inc. boosted its position in Aon plc (NYSE:AON) by 13.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 11,909 shares of the financial services provider’s stock after purchasing an additional 1,394 shares during the period. Wesbanco Bank Inc.’s holdings in AON were worth $4,277,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AON. Anchor Investment Management LLC boosted its stake in AON by 1,162.5% in the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares in the last quarter. First Personal Financial Services purchased a new stake in AON in the third quarter worth approximately $37,000. RPg Family Wealth Advisory LLC purchased a new stake in AON in the third quarter worth approximately $42,000. Eastern Bank purchased a new stake in AON in the third quarter worth approximately $43,000. Finally, Nemes Rush Group LLC purchased a new stake in shares of AON during the second quarter valued at approximately $45,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on AON shares. Jefferies Financial Group increased their price objective on AON from $344.00 to $365.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Bank of America increased their price objective on AON from $345.00 to $375.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Wells Fargo & Company raised AON from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $377.00 to $410.00 in a research note on Tuesday, January 14th. TD Cowen increased their price objective on AON from $413.00 to $432.00 in a research note on Thursday, October 24th. Finally, Barclays increased their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, AON presently has an average rating of “Hold” and a consensus price target of $370.87.

AON Price Performance

Shares of NYSE:AON opened at $367.27 on Thursday. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The business has a fifty day moving average price of $368.22 and a 200-day moving average price of $350.41. The company has a market capitalization of $79.43 billion, a PE ratio of 30.99, a PEG ratio of 2.00 and a beta of 0.93.

AON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.675 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.70 annualized dividend and a dividend yield of 0.74%. AON’s payout ratio is presently 22.78%.

Insider Activity

In related news, insider Lisa Stevens sold 1,275 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total transaction of $494,292.00. Following the sale, the insider now directly owns 8,077 shares of the company’s stock, valued at $3,131,291.36. This trade represents a 13.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Mindy F. Simon sold 650 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $394.34, for a total value of $256,321.00. Following the sale, the chief operating officer now directly owns 1,816 shares in the company, valued at $716,121.44. This trade represents a 26.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.