Squarepoint Ops LLC Has $1.06 Million Position in Willis Towers Watson PLC (WLTW)

Squarepoint Ops LLC lessened its holdings in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 94.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,000 shares of the financial services provider’s stock after selling 115,782 shares during the period. Squarepoint Ops LLC’s holdings in Willis Towers Watson were worth $1,063,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Capital International Investors bought a new position in shares of Willis Towers Watson in the third quarter valued at approximately $333,788,000. BlackRock Inc. boosted its holdings in shares of Willis Towers Watson by 6.1% in the fourth quarter. BlackRock Inc. now owns 8,575,226 shares of the financial services provider’s stock valued at $1,302,233,000 after acquiring an additional 489,781 shares in the last quarter. Capital World Investors bought a new position in shares of Willis Towers Watson in the third quarter valued at approximately $41,042,000. Geode Capital Management LLC boosted its holdings in shares of Willis Towers Watson by 9.3% in the fourth quarter. Geode Capital Management LLC now owns 1,797,811 shares of the financial services provider’s stock valued at $272,568,000 after acquiring an additional 153,229 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Willis Towers Watson in the third quarter valued at approximately $18,604,000. 93.58% of the stock is owned by institutional investors and hedge funds.

In related news, insider Joseph Gunn sold 2,042 shares of Willis Towers Watson stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $168.30, for a total transaction of $343,668.60. Following the completion of the transaction, the insider now directly owns 17,264 shares of the company’s stock, valued at approximately $2,905,531.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Garrard sold 3,517 shares of Willis Towers Watson stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $171.71, for a total transaction of $603,904.07. Following the transaction, the insider now directly owns 5,542 shares of the company’s stock, valued at $951,616.82. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

Several analysts recently commented on the stock. MKM Partners increased their target price on shares of Willis Towers Watson from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, April 8th. BidaskClub downgraded shares of Willis Towers Watson from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 14th. Citigroup upped their price target on shares of Willis Towers Watson from $192.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Goldman Sachs Group upgraded shares of Willis Towers Watson from a “neutral” rating to a “buy” rating and upped their price target for the company from $163.00 to $179.00 in a research report on Tuesday, January 8th. Finally, Wells Fargo & Co restated a “hold” rating and issued a $160.00 price target on shares of Willis Towers Watson in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $183.83.

Shares of WLTW opened at $181.55 on Friday. 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. The firm has a market cap of $23.46 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.56 and a beta of 0.80.

Willis Towers Watson (NASDAQ:WLTW) last posted its earnings results 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 firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. Willis Towers Watson had a net margin of 8.16% and a return on equity of 12.44%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.21 earnings per share. Equities research analysts forecast that Willis Towers Watson PLC will post 10.79 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.43%. This is an increase from Willis Towers Watson’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, March 28th. Willis Towers Watson’s dividend payout ratio (DPR) is presently 26.72%.

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

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