Quantamental Technologies LLC purchased a new position in shares of Willis Towers Watson PLC (NASDAQ:WLTW) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,022 shares of the financial services provider’s stock, valued at approximately $355,000.
A number of other large investors have also modified their holdings of WLTW. First Hawaiian Bank increased its stake in shares of Willis Towers Watson by 5,000.0% during the first quarter. First Hawaiian Bank now owns 153 shares of the financial services provider’s stock worth $27,000 after buying an additional 150 shares during the period. Investors Research Corp acquired a new position in Willis Towers Watson in the first quarter valued at approximately $27,000. We Are One Seven LLC acquired a new position in Willis Towers Watson in the fourth quarter valued at approximately $32,000. JOYN Advisors Inc. boosted its holdings in Willis Towers Watson by 91.9% in the fourth quarter. JOYN Advisors Inc. now owns 286 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 137 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Willis Towers Watson by 86.2% in the fourth quarter. Bessemer Group Inc. now owns 324 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 93.38% of the company’s stock.
NASDAQ:WLTW traded down $0.10 during trading hours on Friday, hitting $177.73. The company’s stock had a trading volume of 265,200 shares, compared to its average volume of 671,324. Willis Towers Watson PLC has a 52-week low of $134.50 and a 52-week high of $187.91. The stock has a market capitalization of $22.97 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.56 and a beta of 0.81. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.20 and a current ratio of 2.20.
Willis Towers Watson (NASDAQ:WLTW) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $2.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.99 by ($0.01). Willis Towers Watson had a net margin of 8.99% and a return on equity of 12.89%. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the prior year, the business earned $2.71 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that Willis Towers Watson PLC will post 10.76 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Thursday, June 27th. Willis Towers Watson’s dividend payout ratio is currently 26.72%.
A number of equities analysts recently issued reports on WLTW shares. Deutsche Bank raised Willis Towers Watson from a “sell” rating to a “hold” rating and upped their price target for the company from $149.00 to $164.00 in a report on Thursday, February 7th. William Blair reaffirmed a “market perform” rating on shares of Willis Towers Watson in a report on Thursday, February 7th. BidaskClub downgraded Willis Towers Watson from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 14th. Wells Fargo & Co reissued a “hold” rating and issued a $160.00 price objective on shares of Willis Towers Watson in a report on Friday, March 22nd. Finally, SunTrust Banks increased their price objective on Willis Towers Watson to $200.00 and gave the company a “market perform” rating in a report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $188.77.
In related news, Director Anna C. Catalano sold 1,110 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $180.35, for a total transaction of $200,188.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.75% of the stock is owned by company insiders.
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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.
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