Amundi Pioneer Asset Management Inc. reduced its holdings in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 222,403 shares of the financial services provider’s stock after selling 1,654 shares during the quarter. Amundi Pioneer Asset Management Inc. owned approximately 0.17% of Willis Towers Watson worth $33,774,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in WLTW. WINTON GROUP Ltd purchased a new position in Willis Towers Watson in the 3rd quarter valued at approximately $222,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Willis Towers Watson in the third quarter valued at approximately $319,000. Norinchukin Bank The boosted its stake in Willis Towers Watson by 12.7% in the third quarter. Norinchukin Bank The now owns 9,251 shares of the financial services provider’s stock valued at $1,304,000 after acquiring an additional 1,039 shares during the period. AXA boosted its position in shares of Willis Towers Watson by 24.8% during the third quarter. AXA now owns 7,041 shares of the financial services provider’s stock worth $992,000 after buying an additional 1,400 shares during the period. Finally, CI Investments Inc. boosted its position in shares of Willis Towers Watson by 0.5% during the third quarter. CI Investments Inc. now owns 264,532 shares of the financial services provider’s stock worth $37,283,000 after buying an additional 1,344 shares during the period. 93.64% of the stock is owned by institutional investors and hedge funds.
Several research analysts have issued reports on the company. Credit Suisse Group reaffirmed an “outperform” rating and issued a $178.00 price target (up previously from $166.00) on shares of Willis Towers Watson in a report on Thursday, December 20th. Zacks Investment Research lowered shares of Willis Towers Watson from a “buy” rating to a “hold” rating in a research report on Saturday, January 12th. Wells Fargo & Co upped their price objective on shares of Willis Towers Watson from $160.00 to $164.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 2nd. Barclays raised their price objective on shares of Willis Towers Watson from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Finally, BidaskClub downgraded shares of Willis Towers Watson from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $183.83.
Shares of WLTW stock traded up $0.02 during trading hours on Monday, reaching $180.74. The stock had a trading volume of 205,871 shares, compared to its average volume of 723,658. The firm has a market capitalization of $23.27 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 1.56 and a beta of 0.80. Willis Towers Watson PLC has a 12 month low of $134.50 and a 12 month high of $187.91. 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 (NASDAQ:WLTW) last issued its earnings results on Thursday, February 7th. The financial services provider reported $4.00 EPS for the quarter, missing the consensus estimate of $4.06 by ($0.06). The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Willis Towers Watson had a return on equity of 12.44% and a net margin of 8.16%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.21 earnings per share. Sell-side analysts predict that Willis Towers Watson PLC will post 10.75 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Sunday, March 31st will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, March 28th. This represents a $2.60 annualized dividend and a dividend yield of 1.44%. This is a positive change from Willis Towers Watson’s previous quarterly dividend of $0.60. Willis Towers Watson’s dividend payout ratio is presently 26.72%.
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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