Wells Fargo & Company MN lifted its stake in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 12.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,571,861 shares of the financial services provider’s stock after buying an additional 169,377 shares during the period. Wells Fargo & Company MN’s holdings in Willis Towers Watson were worth $221,538,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of WLTW. Clarkston Capital Partners LLC lifted its stake in shares of Willis Towers Watson by 15.5% during the third quarter. Clarkston Capital Partners LLC now owns 1,116,405 shares of the financial services provider’s stock worth $157,346,000 after buying an additional 149,713 shares during the period. Epoch Investment Partners Inc. lifted its stake in shares of Willis Towers Watson by 9.9% during the second quarter. Epoch Investment Partners Inc. now owns 1,226,212 shares of the financial services provider’s stock worth $185,893,000 after buying an additional 110,434 shares during the period. Prana Capital Management LP lifted its stake in shares of Willis Towers Watson by 174.4% during the second quarter. Prana Capital Management LP now owns 130,426 shares of the financial services provider’s stock worth $19,773,000 after buying an additional 82,901 shares during the period. Thompson Siegel & Walmsley LLC lifted its stake in shares of Willis Towers Watson by 13.0% during the second quarter. Thompson Siegel & Walmsley LLC now owns 554,031 shares of the financial services provider’s stock worth $83,992,000 after buying an additional 63,601 shares during the period. Finally, Oribel Capital Management LP purchased a new position in shares of Willis Towers Watson during the second quarter worth $9,096,000. Institutional investors and hedge funds own 92.89% of the company’s stock.
In other Willis Towers Watson news, insider Adam Garrard sold 1,830 shares of Willis Towers Watson stock in a transaction on Friday, August 31st. The shares were sold at an average price of $146.77, for a total value of $268,589.10. Following the completion of the transaction, the insider now owns 13,739 shares of the company’s stock, valued at $2,016,473.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is currently owned by insiders.
Willis Towers Watson (NASDAQ:WLTW) last released its quarterly earnings data on Friday, November 2nd. The financial services provider reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.21. Willis Towers Watson had a net margin of 6.84% and a return on equity of 10.15%. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the company earned $1.12 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities analysts anticipate that Willis Towers Watson PLC will post 9.7 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Sunday, September 30th were issued a $0.60 dividend. The ex-dividend date was Thursday, September 27th. This represents a $2.40 dividend on an annualized basis and a yield of 1.52%. Willis Towers Watson’s payout ratio is 28.20%.
Several brokerages recently issued reports on WLTW. BidaskClub cut shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Citigroup raised their target price on shares of Willis Towers Watson from $175.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, July 12th. Wells Fargo & Co raised their target price on shares of Willis Towers Watson from $155.00 to $160.00 and gave the stock a “market perform” rating in a report on Monday. Zacks Investment Research cut shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a report on Tuesday, August 28th. Finally, Credit Suisse Group raised shares of Willis Towers Watson from a “neutral” rating to an “outperform” rating and set a $166.00 target price for the company in a report on Monday, October 8th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $172.85.
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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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