Capital Returns Management LLC Invests $8.60 Million in Willis Towers Watson PLC (WLTW) Stock

Capital Returns Management LLC acquired a new stake in Willis Towers Watson PLC (NASDAQ:WLTW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 60,989 shares of the financial services provider’s stock, valued at approximately $8,596,000. Willis Towers Watson comprises approximately 4.0% of Capital Returns Management LLC’s holdings, making the stock its 12th largest position.

Other large investors have also recently bought and sold shares of the company. United Services Automobile Association lifted its position in shares of Willis Towers Watson by 22.2% during the second quarter. United Services Automobile Association now owns 247,481 shares of the financial services provider’s stock worth $37,518,000 after purchasing an additional 44,900 shares during the last quarter. Raymond James & Associates lifted its position in shares of Willis Towers Watson by 0.3% during the second quarter. Raymond James & Associates now owns 253,777 shares of the financial services provider’s stock worth $38,473,000 after purchasing an additional 813 shares during the last quarter. Glen Harbor Capital Management LLC lifted its position in shares of Willis Towers Watson by 8.3% during the second quarter. Glen Harbor Capital Management LLC now owns 5,096 shares of the financial services provider’s stock worth $773,000 after purchasing an additional 392 shares during the last quarter. Royal London Asset Management Ltd. bought a new position in shares of Willis Towers Watson during the second quarter worth about $7,843,000. Finally, Strs Ohio lifted its position in shares of Willis Towers Watson by 1.9% during the second quarter. Strs Ohio now owns 155,836 shares of the financial services provider’s stock worth $23,624,000 after purchasing an additional 2,836 shares during the last quarter. 91.80% of the stock is owned by institutional investors.

Shares of NASDAQ WLTW opened at $156.10 on Friday. 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 52-week low of $134.50 and a 52-week high of $164.99. The stock has a market capitalization of $20.44 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 1.35 and a beta of 0.78.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.54%. Willis Towers Watson’s dividend payout ratio is currently 28.20%.

In other Willis Towers Watson news, insider Nicolas Aubert sold 16,762 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Todd J. Jones sold 2,450 shares of the firm’s 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 approximately $2,778,923.84. The disclosure for this sale can be found here. Insiders sold 29,212 shares of company stock worth $4,664,542 in the last three months. 0.50% of the stock is currently owned by corporate insiders.

Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Willis Towers Watson from a “hold” rating to a “buy” rating and set a $176.00 price target on the stock in a research report on Saturday, December 1st. Morgan Stanley increased their price target on shares of Willis Towers Watson from $171.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, November 14th. BidaskClub raised shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a research report on Wednesday, November 7th. Raymond James increased their price target on shares of Willis Towers Watson from $175.00 to $180.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, November 6th. Finally, Wells Fargo & Co increased their price target on shares of Willis Towers Watson from $155.00 to $160.00 and gave the stock a “market perform” rating in a research report on Monday, November 5th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Willis Towers Watson currently has a consensus rating of “Buy” and an average price target of $173.71.

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About Willis Towers Watson

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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