Tredje AP fonden Takes $12.73 Million Position in Willis Towers Watson Public Limited Company $WTW

Tredje AP fonden acquired a new stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 41,542 shares of the company’s stock, valued at approximately $12,733,000.

A number of other institutional investors have also modified their holdings of WTW. Nuveen LLC acquired a new position in shares of Willis Towers Watson Public in the first quarter valued at approximately $195,043,000. Polen Capital Management LLC raised its position in shares of Willis Towers Watson Public by 185.1% in the 1st quarter. Polen Capital Management LLC now owns 366,539 shares of the company’s stock worth $123,872,000 after buying an additional 237,953 shares during the period. Woodline Partners LP purchased a new position in shares of Willis Towers Watson Public in the 1st quarter worth $60,390,000. Alyeska Investment Group L.P. raised its position in shares of Willis Towers Watson Public by 6,618.7% in the 1st quarter. Alyeska Investment Group L.P. now owns 126,781 shares of the company’s stock worth $42,846,000 after buying an additional 124,894 shares during the period. Finally, Bank of Nova Scotia raised its position in shares of Willis Towers Watson Public by 85.9% in the 1st quarter. Bank of Nova Scotia now owns 169,579 shares of the company’s stock worth $57,309,000 after buying an additional 78,342 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Price Performance

Shares of WTW stock opened at $313.10 on Friday. The company has a market capitalization of $30.54 billion, a PE ratio of 214.45, a price-to-earnings-growth ratio of 2.54 and a beta of 0.73. The firm has a fifty day simple moving average of $334.01 and a 200-day simple moving average of $319.36. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.58. Willis Towers Watson Public Limited Company has a twelve month low of $292.97 and a twelve month high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, October 30th. The company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.05 by $0.02. Willis Towers Watson Public had a return on equity of 21.60% and a net margin of 1.40%.The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the business earned $2.93 EPS. Willis Towers Watson Public’s revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public declared that its board has approved a share buyback plan on Thursday, September 18th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 4.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Willis Towers Watson Public Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.92 per share. The ex-dividend date was Tuesday, September 30th. This represents a $3.68 annualized dividend and a yield of 1.2%. Willis Towers Watson Public’s payout ratio is currently 17.52%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WTW shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Willis Towers Watson Public in a research note on Wednesday, October 8th. Raymond James Financial reissued a “strong-buy” rating and issued a $400.00 price objective (up previously from $380.00) on shares of Willis Towers Watson Public in a research report on Monday, September 22nd. Wells Fargo & Company increased their price objective on shares of Willis Towers Watson Public from $377.00 to $382.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Citigroup initiated coverage on shares of Willis Towers Watson Public in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $351.00 price objective for the company. Finally, Morgan Stanley increased their price objective on shares of Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $366.83.

Willis Towers Watson Public Profile

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.