Prudential Financial Inc. lessened its stake in Willis Towers Watson (NASDAQ:WLTW) by 20.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,551 shares of the financial services provider’s stock after selling 35,737 shares during the period. Prudential Financial Inc. owned about 0.11% of Willis Towers Watson worth $21,695,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WLTW. Schwab Charles Investment Management Inc. increased its holdings in Willis Towers Watson by 3.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 453,817 shares of the financial services provider’s stock valued at $68,386,000 after purchasing an additional 16,942 shares during the period. Oakbrook Investments LLC increased its holdings in Willis Towers Watson by 68.3% during the 4th quarter. Oakbrook Investments LLC now owns 9,550 shares of the financial services provider’s stock valued at $1,439,000 after purchasing an additional 3,875 shares during the period. State of Alaska Department of Revenue increased its holdings in Willis Towers Watson by 65.4% during the 4th quarter. State of Alaska Department of Revenue now owns 22,378 shares of the financial services provider’s stock valued at $3,370,000 after purchasing an additional 8,850 shares during the period. Cornerstone Investment Partners LLC increased its holdings in Willis Towers Watson by 99.1% during the 4th quarter. Cornerstone Investment Partners LLC now owns 4,390 shares of the financial services provider’s stock valued at $662,000 after purchasing an additional 2,185 shares during the period. Finally, Strs Ohio purchased a new position in Willis Towers Watson during the 4th quarter valued at about $9,945,000. 93.23% of the stock is owned by institutional investors.
Willis Towers Watson opened at $154.31 on Friday, MarketBeat Ratings reports. Willis Towers Watson has a fifty-two week low of $139.70 and a fifty-two week high of $165.00. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.42. The company has a market cap of $20.32 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 1.24 and a beta of 0.88.
Willis Towers Watson (NASDAQ:WLTW) last posted its earnings results on Monday, May 7th. The financial services provider reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.08. Willis Towers Watson had a return on equity of 9.69% and a net margin of 5.37%. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the business earned $3.71 EPS. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. analysts expect that Willis Towers Watson will post 9.61 EPS for the current year.
Willis Towers Watson announced that its board has authorized a stock repurchase program on Monday, February 26th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
A number of brokerages recently issued reports on WLTW. Wells Fargo set a $154.00 price target on Willis Towers Watson and gave the company a “hold” rating in a report on Monday, May 7th. ValuEngine downgraded Willis Towers Watson from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Sandler O’Neill upgraded Willis Towers Watson from a “hold” rating to a “buy” rating in a report on Friday, April 13th. They noted that the move was a valuation call. Citigroup reduced their price target on Willis Towers Watson from $184.00 to $175.00 and set a “buy” rating on the stock in a report on Tuesday, April 10th. Finally, Janney Montgomery Scott restated a “hold” rating on shares of Willis Towers Watson in a report on Tuesday, March 27th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. Willis Towers Watson currently has a consensus rating of “Hold” and a consensus target price of $170.64.
In other Willis Towers Watson news, insider Joseph Gunn sold 9,438 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $159.95, for a total transaction of $1,509,608.10. Following the transaction, the insider now owns 22,041 shares in the company, valued at approximately $3,525,457.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.
Willis Towers Watson Profile
Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. Its Human Capital and Benefits segment provides actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services.
Receive News & Ratings for Willis Towers Watson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willis Towers Watson and related companies with MarketBeat.com's FREE daily email newsletter.