Twin Capital Management Inc. purchased a new position in Willis Towers Watson PLC (NASDAQ:WLTW) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,840 shares of the financial services provider’s stock, valued at approximately $3,417,000.
Other large investors have also modified their holdings of the company. Investors Research Corp acquired a new stake in shares of Willis Towers Watson during the 1st quarter worth approximately $27,000. Clean Yield Group acquired a new stake in shares of Willis Towers Watson during the 2nd quarter worth about $28,000. Private Ocean LLC acquired a new stake in shares of Willis Towers Watson during the 2nd quarter worth about $38,000. YorkBridge Wealth Partners LLC acquired a new stake in shares of Willis Towers Watson during the 1st quarter worth about $82,000. Finally, Botty Investors LLC increased its position in shares of Willis Towers Watson by 14.5% during the 1st quarter. Botty Investors LLC now owns 475 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 92.04% of the company’s stock.
WLTW stock traded up $2.71 on Friday, reaching $193.17. 12,824 shares of the company’s stock were exchanged, compared to its average volume of 640,556. The stock has a fifty day moving average of $195.43 and a 200-day moving average of $181.58. Willis Towers Watson PLC has a twelve month low of $134.50 and a twelve month high of $200.93. The firm has a market cap of $25.15 billion, a PE ratio of 19.75, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.51.
Willis Towers Watson (NASDAQ:WLTW) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.78 EPS for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.02. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.06 billion. Willis Towers Watson had a return on equity of 13.00% and a net margin of 9.86%. Willis Towers Watson’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 earnings per share. On average, equities research analysts predict that Willis Towers Watson PLC will post 10.93 EPS for the current fiscal year.
Several brokerages have recently issued reports on WLTW. ValuEngine cut Willis Towers Watson from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. SunTrust Banks boosted their price objective on Willis Towers Watson from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. They noted that the move was a valuation call. Raymond James reissued a “strong-buy” rating and issued a $200.00 target price on shares of Willis Towers Watson in a report on Monday, May 6th. UBS Group boosted their target price on Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $220.00 target price on shares of Willis Towers Watson in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $201.33.
About Willis Towers Watson
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.
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