BNP Paribas Arbitrage SA lifted its position in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 363.9% during the first quarter, HoldingsChannel.com reports. The firm owned 97,836 shares of the financial services provider’s stock after purchasing an additional 76,744 shares during the period. BNP Paribas Arbitrage SA’s holdings in Willis Towers Watson were worth $17,185,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Investors Research Corp acquired a new position in shares of Willis Towers Watson during the first quarter worth approximately $27,000. First Hawaiian Bank grew its holdings in 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 in the last quarter. We Are One Seven LLC bought a new stake in Willis Towers Watson during the fourth quarter worth $32,000. JOYN Advisors Inc. grew its holdings in Willis Towers Watson by 91.9% during the fourth quarter. JOYN Advisors Inc. now owns 286 shares of the financial services provider’s stock worth $43,000 after buying an additional 137 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in Willis Towers Watson by 86.2% during the fourth quarter. Bessemer Group Inc. now owns 324 shares of the financial services provider’s stock worth $49,000 after buying an additional 150 shares in the last quarter. 93.58% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on WLTW. BidaskClub upgraded Willis Towers Watson from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 13th. MKM Partners upped their price target on Willis Towers Watson from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Barclays upped their price target on Willis Towers Watson from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Wells Fargo & Co upped their price target on Willis Towers Watson from $160.00 to $164.00 and gave the stock a “market perform” rating in a report on Tuesday, April 2nd. Finally, Citigroup upped their price target on Willis Towers Watson from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $183.83.
Willis Towers Watson (NASDAQ:WLTW) last announced its quarterly earnings data on Thursday, February 7th. The financial services provider reported $4.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.06 by ($0.06). The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. Willis Towers Watson had a net margin of 8.16% and a return on equity of 12.44%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.21 EPS. On average, equities analysts forecast that Willis Towers Watson PLC will post 10.79 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Thursday, March 28th. This is an increase from Willis Towers Watson’s previous quarterly dividend of $0.60. Willis Towers Watson’s dividend payout ratio is 26.72%.
In other Willis Towers Watson news, insider Joseph Gunn sold 2,042 shares of the company’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $168.30, for a total value of $343,668.60. Following the completion of the transaction, the insider now owns 17,264 shares in the company, valued at approximately $2,905,531.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam Garrard sold 3,517 shares of the company’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $171.71, for a total value of $603,904.07. Following the completion of the transaction, the insider now owns 5,542 shares of the company’s stock, valued at approximately $951,616.82. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.
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Willis Towers Watson Company Profile
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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