Zurich Insurance Group Ltd FI lessened its position in Willis Towers Watson PLC (NASDAQ:WLTW) by 33.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,901 shares of the financial services provider’s stock after selling 16,345 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Willis Towers Watson were worth $6,302,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in WLTW. Northern Trust Corp lifted its holdings in Willis Towers Watson by 0.3% during the 1st quarter. Northern Trust Corp now owns 1,463,372 shares of the financial services provider’s stock valued at $257,041,000 after buying an additional 4,045 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in Willis Towers Watson by 5.0% during the 2nd quarter. Raymond James Trust N.A. now owns 4,906 shares of the financial services provider’s stock valued at $940,000 after buying an additional 235 shares in the last quarter. FMR LLC lifted its holdings in Willis Towers Watson by 12.3% during the 1st quarter. FMR LLC now owns 2,517,708 shares of the financial services provider’s stock valued at $442,236,000 after buying an additional 276,226 shares in the last quarter. US Bancorp DE lifted its holdings in Willis Towers Watson by 105.9% during the 1st quarter. US Bancorp DE now owns 34,908 shares of the financial services provider’s stock valued at $6,131,000 after buying an additional 17,957 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Willis Towers Watson by 10.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 20,497 shares of the financial services provider’s stock valued at $3,926,000 after buying an additional 1,897 shares in the last quarter. Hedge funds and other institutional investors own 92.91% of the company’s stock.
WLTW stock traded down $1.83 during trading on Friday, reaching $196.37. The company had a trading volume of 525,006 shares, compared to its average volume of 439,284. The firm has a 50-day simple moving average of $194.77 and a 200-day simple moving average of $185.85. The company has a market cap of $25.57 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 1.72 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 1.83. Willis Towers Watson PLC has a twelve month low of $134.50 and a twelve month high of $200.93.
Willis Towers Watson (NASDAQ:WLTW) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.02. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Willis Towers Watson had a net margin of 9.86% and a return on equity of 13.00%. Willis Towers Watson’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the business earned $1.70 EPS. Sell-side analysts expect that Willis Towers Watson PLC will post 10.93 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Friday, September 27th. Willis Towers Watson’s payout ratio is 26.72%.
In related news, insider Nicolas Aubert sold 7,592 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $195.00, for a total value of $1,480,440.00. Following the completion of the transaction, the insider now directly owns 5,875 shares in the company, valued at approximately $1,145,625. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.75% of the company’s stock.
A number of research analysts have commented on WLTW shares. Wells Fargo & Co reissued a “buy” rating and set a $220.00 target price on shares of Willis Towers Watson in a research report on Wednesday, July 31st. Morgan Stanley cut their target price on shares of Willis Towers Watson from $215.00 to $209.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. BidaskClub raised shares of Willis Towers Watson from a “buy” rating to a “strong-buy” rating in a research report on Friday. UBS Group lifted their price objective on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, SunTrust Banks lifted their price objective on shares of Willis Towers Watson from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus 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.
Further Reading: S&P 500 Index
Receive News & Ratings for Willis Towers Watson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willis Towers Watson and related companies with MarketBeat.com's FREE daily email newsletter.