TD Asset Management Inc. lifted its holdings in Willis Towers Watson PLC (NASDAQ:WLTW) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 420,591 shares of the financial services provider’s stock after buying an additional 21,398 shares during the period. TD Asset Management Inc. owned about 0.33% of Willis Towers Watson worth $80,560,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. First Hawaiian Bank grew its holdings in 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 valued at $27,000 after purchasing an additional 150 shares during the last quarter. Investors Research Corp bought a new position in Willis Towers Watson during the 1st quarter valued at about $27,000. Clean Yield Group bought a new position in Willis Towers Watson during the 2nd quarter valued at about $28,000. Private Ocean LLC bought a new position in Willis Towers Watson during the 2nd quarter valued at about $38,000. Finally, YorkBridge Wealth Partners LLC bought a new position in Willis Towers Watson during the 1st quarter valued at about $82,000. Hedge funds and other institutional investors own 92.04% of the company’s stock.
WLTW stock traded down $4.74 during mid-day trading on Wednesday, reaching $190.26. The company had a trading volume of 18,542 shares, compared to its average volume of 622,587. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.83 and a quick ratio of 1.83. The stock has a market cap of $25.44 billion, a P/E ratio of 19.60, a PEG ratio of 1.71 and a beta of 0.82. The business has a 50 day moving average of $195.43. Willis Towers Watson PLC has a 12 month low of $134.50 and a 12 month high of $200.93.
Willis Towers Watson (NASDAQ:WLTW) last issued 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 business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.06 billion. Willis Towers Watson had a net margin of 9.86% and a return on equity of 13.00%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 EPS. Equities analysts anticipate that Willis Towers Watson PLC will post 10.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Sunday, June 30th were paid a $0.65 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $2.60 dividend on an annualized basis and a yield of 1.37%. Willis Towers Watson’s dividend payout ratio is currently 26.72%.
Several brokerages recently commented on WLTW. Raymond James reiterated a “strong-buy” rating and set a $200.00 price target on shares of Willis Towers Watson in a report on Monday, May 6th. SunTrust Banks upped their price target on shares of Willis Towers Watson from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, July 11th. They noted that the move was a valuation call. Barclays upped their price target on shares of Willis Towers Watson from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, July 1st. UBS Group upped their price target on shares of Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, Morgan Stanley upped their price target on shares of Willis Towers Watson from $208.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $200.58.
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.
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