Majedie Asset Management Ltd boosted its stake in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,056 shares of the financial services provider’s stock after buying an additional 804 shares during the quarter. Majedie Asset Management Ltd owned 0.06% of Willis Towers Watson worth $10,578,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in WLTW. Cornerstone Wealth Management LLC purchased a new position in Willis Towers Watson during the second quarter worth about $103,000. Advisors Asset Management Inc. boosted its stake in Willis Towers Watson by 3,261.4% during the second quarter. Advisors Asset Management Inc. now owns 28,404 shares of the financial services provider’s stock worth $120,000 after buying an additional 27,559 shares during the period. Landaas & Co. WI ADV purchased a new position in Willis Towers Watson during the second quarter worth about $167,000. Advisor Partners LLC purchased a new position in Willis Towers Watson during the second quarter worth about $209,000. Finally, Exane Derivatives purchased a new position in Willis Towers Watson during the second quarter worth about $214,000. 92.88% of the stock is owned by institutional investors.
Several research analysts have weighed in on WLTW shares. Credit Suisse Group raised shares of Willis Towers Watson from a “neutral” rating to an “outperform” rating and set a $166.00 target price for the company in a research note on Monday, October 8th. BidaskClub lowered shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Morgan Stanley lowered their price objective on shares of Willis Towers Watson from $175.00 to $171.00 and set an “overweight” rating for the company in a research note on Friday, August 3rd. Zacks Investment Research lowered shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Finally, Citigroup set a $165.00 price objective on shares of Willis Towers Watson and gave the company a “buy” rating in a research note on Friday, October 12th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Willis Towers Watson presently has a consensus rating of “Hold” and a consensus price target of $171.38.
In other news, insider Adam Garrard sold 1,830 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $146.77, for a total value of $268,589.10. Following the completion of the transaction, the insider now owns 13,739 shares of the company’s stock, valued at $2,016,473.03. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.50% of the company’s stock.
NASDAQ WLTW opened at $151.30 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.44. Willis Towers Watson PLC has a one year low of $134.50 and a one year high of $165.00. The company has a market capitalization of $18.46 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.25 and a beta of 0.87.
Willis Towers Watson (NASDAQ:WLTW) last posted its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $1.70 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.70. Willis Towers Watson had a net margin of 5.65% and a return on equity of 9.96%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts anticipate that Willis Towers Watson PLC will post 9.57 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Sunday, September 30th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, September 27th. Willis Towers Watson’s payout ratio is 28.20%.
Willis Towers Watson Company 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.
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