TLP Group LLC bought a new stake in shares of Willis Towers Watson PLC (NASDAQ:WLTW) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,931 shares of the financial services provider’s stock, valued at approximately $446,000.
Several other large investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Willis Towers Watson by 0.4% during the first quarter. BlackRock Inc. now owns 8,057,216 shares of the financial services provider’s stock valued at $1,226,229,000 after purchasing an additional 32,336 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Willis Towers Watson by 0.4% in the 1st quarter. First Eagle Investment Management LLC now owns 4,038,304 shares of the financial services provider’s stock worth $614,589,000 after buying an additional 17,898 shares in the last quarter. FIL Ltd grew its holdings in Willis Towers Watson by 1.2% in the 1st quarter. FIL Ltd now owns 3,008,201 shares of the financial services provider’s stock worth $457,818,000 after buying an additional 36,032 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Willis Towers Watson by 0.5% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,094,250 shares of the financial services provider’s stock worth $315,583,000 after buying an additional 10,502 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Willis Towers Watson by 12.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,635,349 shares of the financial services provider’s stock worth $246,431,000 after buying an additional 179,146 shares in the last quarter. 92.01% of the stock is owned by institutional investors.
A number of equities analysts recently issued reports on WLTW shares. SunTrust Banks increased their price objective on Willis Towers Watson to $192.00 and gave the stock a “buy” rating in a report on Thursday, March 22nd. MKM Partners increased their price objective on Willis Towers Watson to $190.00 and gave the stock a “buy” rating in a report on Monday, March 19th. Sandler O’Neill raised Willis Towers Watson from a “hold” rating to a “buy” rating in a report on Friday, April 13th. They noted that the move was a valuation call. Citigroup decreased their price objective on Willis Towers Watson from $184.00 to $175.00 and set a “buy” rating for the company in a report on Tuesday, April 10th. Finally, Barclays reissued a “buy” rating and issued a $195.00 price objective (up from $172.00) on shares of Willis Towers Watson in a report on Sunday, February 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. Willis Towers Watson currently has a consensus rating of “Hold” and an average price target of $171.23.
Willis Towers Watson (NASDAQ:WLTW) last issued its quarterly earnings results on Monday, May 7th. The financial services provider reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.08. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.17 billion. Willis Towers Watson had a return on equity of 9.69% and a net margin of 5.37%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the company posted $3.71 EPS. research analysts predict that Willis Towers Watson PLC will post 9.62 earnings per share for the current fiscal year.
Willis Towers Watson announced that its Board of Directors has approved a share repurchase plan on Monday, February 26th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Saturday, June 30th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, June 28th. Willis Towers Watson’s payout ratio is currently 28.20%.
Willis Towers Watson Profile
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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