Tocqueville Asset Management L.P. lowered its stake in Willis Towers Watson PLC (NASDAQ:WLTW) by 4.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,234 shares of the financial services provider’s stock after selling 304 shares during the period. Tocqueville Asset Management L.P.’s holdings in Willis Towers Watson were worth $1,194,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clean Yield Group bought a new position in shares of Willis Towers Watson in the second quarter valued at $28,000. Investors Research Corp acquired a new stake in Willis Towers Watson during the 1st quarter valued at $27,000. Private Ocean LLC acquired a new stake in Willis Towers Watson during the 2nd quarter valued at $38,000. YorkBridge Wealth Partners LLC acquired a new stake in Willis Towers Watson during the 1st quarter valued at $82,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in Willis Towers Watson by 7,733.3% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 470 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 464 shares during the period. 92.04% of the stock is currently owned by institutional investors.
Shares of NASDAQ:WLTW opened at $190.34 on Thursday. The firm’s fifty day moving average price is $195.39. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 1.83. Willis Towers Watson PLC has a 12-month low of $134.50 and a 12-month high of $200.93. The firm has a market cap of $24.89 billion, a P/E ratio of 19.56, a P/E/G ratio of 1.67 and a beta of 0.82.
Willis Towers Watson (NASDAQ:WLTW) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.78 EPS for the quarter, beating the consensus estimate of $1.76 by $0.02. Willis Towers Watson had a net margin of 9.86% and a return on equity of 13.00%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the company posted $1.70 EPS. Willis Towers Watson’s revenue was up 2.9% on a year-over-year basis. Analysts expect that Willis Towers Watson PLC will post 10.93 EPS for the current year.
Several analysts have issued reports on WLTW shares. UBS Group boosted their target price on shares of Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Raymond James reissued a “strong-buy” rating and set a $200.00 target price on shares of Willis Towers Watson in a research note on Monday, May 6th. Morgan Stanley boosted their target price on shares of Willis Towers Watson from $208.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. ValuEngine downgraded shares of Willis Towers Watson from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, SunTrust Banks boosted their target price on shares of Willis Towers Watson from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Willis Towers Watson presently has an average rating of “Buy” and an average target price of $201.83.
Willis Towers Watson Profile
Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company's Human Capital and Benefits segment offers 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.
Featured Article: Institutional Investors
Want to see what other hedge funds are holding WLTW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Willis Towers Watson PLC (NASDAQ:WLTW).
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.