Dynamic Technology Lab Private Ltd acquired a new stake in Willis Towers Watson PLC (NASDAQ:WLTW) during the third quarter, HoldingsChannel reports. The fund acquired 14,736 shares of the financial services provider’s stock, valued at approximately $2,077,000.
Several other large investors have also recently made changes to their positions in WLTW. Cornerstone Wealth Management LLC acquired a new position in Willis Towers Watson in the 2nd quarter worth about $103,000. Janney Montgomery Scott LLC increased its holdings in Willis Towers Watson by 18.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 5,990 shares of the financial services provider’s stock worth $908,000 after purchasing an additional 915 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Willis Towers Watson in the 2nd quarter worth about $234,000. Dupont Capital Management Corp increased its holdings in Willis Towers Watson by 74.4% in the 2nd quarter. Dupont Capital Management Corp now owns 1,444 shares of the financial services provider’s stock worth $219,000 after purchasing an additional 616 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in Willis Towers Watson by 8.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,511 shares of the financial services provider’s stock worth $684,000 after purchasing an additional 350 shares in the last quarter. 91.80% of the stock is currently owned by institutional investors.
In related news, insider Julie Jarecke Gebauer sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $160.15, for a total transaction of $1,601,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $381,122.00. Following the sale, the insider now owns 17,864 shares in the company, valued at approximately $2,778,923.84. The disclosure for this sale can be found here. In the last three months, insiders sold 29,212 shares of company stock valued at $4,664,542. Insiders own 0.50% of the company’s stock.
Shares of WLTW stock opened at $156.10 on Friday. The stock has a market capitalization of $20.44 billion, a PE ratio of 18.34, a P/E/G ratio of 1.35 and a beta of 0.78. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. Willis Towers Watson PLC has a 1-year low of $134.50 and a 1-year high of $164.99.
Willis Towers Watson (NASDAQ:WLTW) last issued its quarterly earnings results 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. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Willis Towers Watson had a return on equity of 10.15% and a net margin of 6.84%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.12 earnings per share. As a group, research analysts predict that Willis Towers Watson PLC will post 9.82 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $2.40 annualized dividend and a dividend yield of 1.54%. Willis Towers Watson’s payout ratio is 28.20%.
A number of equities analysts have issued reports on the company. Zacks Investment Research raised Willis Towers Watson from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a report on Saturday, December 1st. Morgan Stanley upped their target price on Willis Towers Watson from $171.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, November 14th. BidaskClub raised Willis Towers Watson from a “hold” rating to a “buy” rating in a report on Wednesday, November 7th. Raymond James upped their target price on Willis Towers Watson from $175.00 to $180.00 and gave the stock a “strong-buy” rating in a report on Tuesday, November 6th. Finally, Wells Fargo & Co increased their price target on Willis Towers Watson from $155.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday, November 5th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $173.71.
About Willis Towers Watson
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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