River & Mercantile Asset Management LLP decreased its holdings in Willis Towers Watson PLC (NASDAQ:WLTW) by 7.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,969 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Willis Towers Watson were worth $3,660,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of WLTW. Cornerstone Wealth Management LLC acquired a new position in Willis Towers Watson in the second quarter valued at $103,000. Advisors Asset Management Inc. lifted its holdings in Willis Towers Watson by 3,261.4% in the second quarter. Advisors Asset Management Inc. now owns 28,404 shares of the financial services provider’s stock valued at $120,000 after buying an additional 27,559 shares during the period. Landaas & Co. WI ADV acquired a new position in Willis Towers Watson in the second quarter valued at $167,000. Edgestream Partners L.P. acquired a new position in Willis Towers Watson in the third quarter valued at $213,000. Finally, Dupont Capital Management Corp lifted its holdings in Willis Towers Watson by 74.4% in the second quarter. Dupont Capital Management Corp now owns 1,444 shares of the financial services provider’s stock valued at $219,000 after buying an additional 616 shares during the period. 91.80% of the stock is currently owned by institutional investors.
In other news, insider Todd J. Jones sold 2,450 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $155.56, for a total transaction of $381,122.00. Following the transaction, the insider now owns 17,864 shares in the company, valued at $2,778,923.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Julie Jarecke Gebauer sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $160.15, for a total transaction of $1,601,500.00. The disclosure for this sale can be found here. Insiders have sold 29,212 shares of company stock worth $4,664,542 in the last quarter. Company insiders own 0.50% of the company’s stock.
WLTW has been the topic of several recent analyst reports. BidaskClub upgraded shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a report on Wednesday, November 7th. Zacks Investment Research lowered shares of Willis Towers Watson from a “buy” rating to a “hold” rating in a report on Monday, November 26th. Citigroup set a $165.00 target price on shares of Willis Towers Watson and gave the company a “buy” rating in a report on Friday, October 12th. Raymond James boosted their target price on shares of Willis Towers Watson from $175.00 to $180.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 6th. Finally, Morgan Stanley boosted their target price on shares of Willis Towers Watson from $171.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, November 14th. Three analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $173.71.
Shares of NASDAQ WLTW opened at $156.50 on Friday. Willis Towers Watson PLC has a 1-year low of $134.50 and a 1-year high of $164.99. The stock has a market cap of $20.28 billion, a PE ratio of 18.39, a P/E/G ratio of 1.34 and a beta of 0.78. 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 announced its quarterly earnings data on Friday, November 2nd. The financial services provider reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.21. Willis Towers Watson had a net margin of 6.84% and a return on equity of 10.15%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the business earned $1.12 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities analysts anticipate that Willis Towers Watson PLC will post 9.82 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $2.40 annualized dividend and a dividend yield of 1.53%. Willis Towers Watson’s dividend payout ratio is currently 28.20%.
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Willis Towers Watson 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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