JPMorgan Chase & Co. Cuts Stake in Willis Towers Watson PLC (WLTW)

JPMorgan Chase & Co. lessened its position in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 40.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,145 shares of the financial services provider’s stock after selling 84,441 shares during the quarter. JPMorgan Chase & Co. owned about 0.09% of Willis Towers Watson worth $17,215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Riverhead Capital Management LLC lifted its stake in Willis Towers Watson by 8.3% in the second quarter. Riverhead Capital Management LLC now owns 4,555 shares of the financial services provider’s stock valued at $691,000 after buying an additional 348 shares during the period. Daiwa Securities Group Inc. lifted its stake in Willis Towers Watson by 8.4% in the second quarter. Daiwa Securities Group Inc. now owns 4,511 shares of the financial services provider’s stock valued at $684,000 after buying an additional 350 shares during the period. Gamble Jones Investment Counsel lifted its stake in Willis Towers Watson by 1.2% in the second quarter. Gamble Jones Investment Counsel now owns 33,263 shares of the financial services provider’s stock valued at $5,043,000 after buying an additional 380 shares during the period. Glen Harbor Capital Management LLC lifted its stake in Willis Towers Watson by 8.3% in the second quarter. Glen Harbor Capital Management LLC now owns 5,096 shares of the financial services provider’s stock valued at $773,000 after buying an additional 392 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in Willis Towers Watson by 4.7% in the second quarter. CIBC Asset Management Inc now owns 9,254 shares of the financial services provider’s stock valued at $1,403,000 after buying an additional 413 shares during the period. 91.80% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ WLTW opened at $157.31 on Thursday. The stock has a market cap of $20.72 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.38 and a beta of 0.78. The company has a current ratio of 1.86, a quick ratio of 1.86 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 $164.99.

Willis Towers Watson (NASDAQ:WLTW) last released its quarterly earnings results on Friday, November 2nd. The financial services provider reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.21. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Willis Towers Watson had a return on equity of 10.15% and a net margin of 6.84%. Willis Towers Watson’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.12 earnings per share. Research analysts anticipate that Willis Towers Watson PLC will post 9.82 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Friday, December 28th. Willis Towers Watson’s dividend payout ratio is currently 28.20%.

WLTW has been the topic of several analyst reports. Credit Suisse Group raised Willis Towers Watson from a “neutral” rating to an “outperform” rating and set a $166.00 target price on the stock in a research note on Monday, October 8th. Citigroup set a $165.00 target price on Willis Towers Watson and gave the company a “buy” rating in a research note on Friday, October 12th. BidaskClub lowered Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Wells Fargo & Co increased their target price on Willis Towers Watson from $155.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday, November 5th. Finally, Zacks Investment Research lowered Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $173.71.

In related news, insider Todd J. Jones sold 2,450 shares of the stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $155.56, for a total transaction of $381,122.00. Following the completion of the transaction, the insider now directly owns 17,864 shares in the company, valued at $2,778,923.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nicolas Aubert sold 16,762 shares of the stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $160.00, for a total value of $2,681,920.00. Following the transaction, the insider now owns 25,482 shares of the company’s stock, valued at $4,077,120. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,212 shares of company stock worth $4,664,542. 0.50% of the stock is currently owned by insiders.

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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.

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Institutional Ownership by Quarter for Willis Towers Watson (NASDAQ:WLTW)

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