Oppenheimer Asset Management Inc. trimmed its position in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 5.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,643 shares of the financial services provider’s stock after selling 280 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Willis Towers Watson were worth $896,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Raymond James Trust N.A. grew 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 purchasing an additional 235 shares during the last quarter. A.R.T. Advisors LLC bought a new position in Willis Towers Watson in the 2nd quarter worth about $1,382,000. AMP Capital Investors Ltd grew its stake in Willis Towers Watson by 22.1% in the 2nd quarter. AMP Capital Investors Ltd now owns 43,201 shares of the financial services provider’s stock worth $8,163,000 after acquiring an additional 7,815 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Willis Towers Watson by 10.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 20,497 shares of the financial services provider’s stock worth $3,926,000 after acquiring an additional 1,897 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Willis Towers Watson by 66.7% in the 2nd quarter. AQR Capital Management LLC now owns 366,528 shares of the financial services provider’s stock worth $69,277,000 after acquiring an additional 146,655 shares in the last quarter. Institutional investors own 93.00% of the company’s stock.
In related news, insider Nicolas Aubert sold 7,592 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $195.00, for a total transaction of $1,480,440.00. Following the completion of the sale, the insider now owns 5,875 shares of the company’s stock, valued at $1,145,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph Gunn sold 3,214 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $185.59, for a total transaction of $596,486.26. Following the sale, the insider now directly owns 18,436 shares of the company’s stock, valued at approximately $3,421,537.24. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.
NASDAQ WLTW opened at $185.10 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.83 and a current ratio of 1.41. The firm’s 50 day moving average price is $188.92 and its 200-day moving average price is $189.07. Willis Towers Watson PLC has a 52-week low of $144.13 and a 52-week high of $200.93. The company has a market cap of $23.79 billion, a PE ratio of 19.02, a P/E/G ratio of 1.56 and a beta of 0.81.
Willis Towers Watson (NASDAQ:WLTW) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.01. Willis Towers Watson had a net margin of 10.07% and a return on equity of 13.01%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the firm earned $1.32 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts forecast that Willis Towers Watson PLC will post 10.93 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.65 per share. The ex-dividend date was Friday, September 27th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.40%. Willis Towers Watson’s dividend payout ratio is presently 26.72%.
A number of equities analysts have commented on WLTW shares. ValuEngine downgraded shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. BidaskClub downgraded shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Morgan Stanley dropped their target price on shares of Willis Towers Watson from $209.00 to $204.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Barclays set a $235.00 target price on shares of Willis Towers Watson and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Wells Fargo & Co restated a “buy” rating and issued a $220.00 target price on shares of Willis Towers Watson in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $200.92.
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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