Willis Towers Watson PLC (NASDAQ:WLTW) Shares Sold by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. cut its stake in Willis Towers Watson PLC (NASDAQ:WLTW) by 2.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,538 shares of the financial services provider’s stock after selling 196 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Willis Towers Watson were worth $1,148,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Great West Life Assurance Co. Can increased its stake in shares of Willis Towers Watson by 10.2% in the 4th quarter. Great West Life Assurance Co. Can now owns 850 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 79 shares during the last quarter. Manning & Napier Group LLC increased its position in shares of Willis Towers Watson by 2.2% during the 1st quarter. Manning & Napier Group LLC now owns 4,735 shares of the financial services provider’s stock worth $831,000 after purchasing an additional 100 shares during the last quarter. Oakbrook Investments LLC increased its position in shares of Willis Towers Watson by 0.8% during the 1st quarter. Oakbrook Investments LLC now owns 13,099 shares of the financial services provider’s stock worth $2,301,000 after purchasing an additional 100 shares during the last quarter. Securian Asset Management Inc increased its position in shares of Willis Towers Watson by 0.8% during the 1st quarter. Securian Asset Management Inc now owns 13,297 shares of the financial services provider’s stock worth $2,336,000 after purchasing an additional 100 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Willis Towers Watson by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 5,762 shares of the financial services provider’s stock worth $875,000 after purchasing an additional 101 shares during the last quarter. 91.65% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ WLTW traded down $1.02 during midday trading on Wednesday, hitting $175.69. 243,225 shares of the company’s stock were exchanged, compared to its average volume of 669,286. 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 PLC has a twelve month low of $134.50 and a twelve month high of $187.91. The firm has a market capitalization of $22.97 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.55 and a beta of 0.81.

Willis Towers Watson (NASDAQ:WLTW) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $2.98 earnings per share for the quarter, missing the consensus estimate of $2.99 by ($0.01). Willis Towers Watson had a return on equity of 12.89% and a net margin of 8.99%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same period last year, the business posted $2.71 EPS. Willis Towers Watson’s revenue was up 1.9% on a year-over-year basis. On average, sell-side analysts forecast that Willis Towers Watson PLC will post 10.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, June 27th. Willis Towers Watson’s dividend payout ratio (DPR) is presently 26.72%.

In other news, Director Anna C. Catalano sold 1,110 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $180.35, for a total transaction of $200,188.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.75% of the stock is currently owned by company insiders.

A number of equities analysts recently commented on WLTW shares. Wells Fargo & Co raised their target price on Willis Towers Watson from $160.00 to $164.00 and gave the company a “market perform” rating in a report on Tuesday, April 2nd. Barclays raised their target price on Willis Towers Watson from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, April 1st. BidaskClub cut Willis Towers Watson from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 14th. MKM Partners raised their target price on Willis Towers Watson from $190.00 to $210.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Morgan Stanley raised their target price on Willis Towers Watson from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $188.77.

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

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