Comerica Bank decreased its holdings in Willis Towers Watson PLC (NASDAQ:WLTW) by 2.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,175 shares of the financial services provider’s stock after selling 733 shares during the quarter. Comerica Bank’s holdings in Willis Towers Watson were worth $5,940,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. First Hawaiian Bank lifted its position in shares of Willis Towers Watson by 5,000.0% during the 1st 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. Investors Research Corp bought a new position in shares of Willis Towers Watson during the 1st quarter worth approximately $27,000. We Are One Seven LLC bought a new position in shares of Willis Towers Watson during the 4th quarter worth approximately $32,000. JOYN Advisors Inc. lifted its position in shares of Willis Towers Watson by 91.9% during the 4th 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. lifted its position in shares of Willis Towers Watson by 86.2% during the 4th 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. 93.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of WLTW stock opened at $176.65 on Monday. The company has a quick ratio of 1.86, a current ratio of 2.20 and a debt-to-equity ratio of 0.54. Willis Towers Watson PLC has a 12-month low of $134.50 and a 12-month high of $187.91. The company has a market cap of $22.62 billion, a PE ratio of 18.16, a P/E/G ratio of 1.53 and a beta of 0.81.
The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $2.60 annualized dividend and a dividend yield of 1.47%. This is a positive change from Willis Towers Watson’s previous quarterly dividend of $0.60. 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 that occurred on Friday, May 3rd. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Garrard sold 3,517 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $171.71, for a total transaction of $603,904.07. Following the sale, 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. Company insiders own 0.75% of the company’s stock.
Several research firms have commented on WLTW. BidaskClub raised shares of Willis Towers Watson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 13th. Raymond James reissued a “strong-buy” rating and set a $200.00 target price on shares of Willis Towers Watson in a research report on Monday, May 6th. MKM Partners lifted their target price on shares of Willis Towers Watson from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Wells Fargo & Co lifted their target price on shares of Willis Towers Watson from $164.00 to $175.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Finally, Barclays lifted their target price on shares of Willis Towers Watson from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $187.62.
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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.
Further Reading: Investing in Growth Stocks
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