Royal London Asset Management Ltd. bought a new position in shares of Willis Towers Watson PLC (NASDAQ:WLTW) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 51,738 shares of the financial services provider’s stock, valued at approximately $7,843,000.

Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Willis Towers Watson by 0.4% during the second quarter. BlackRock Inc. now owns 8,089,765 shares of the financial services provider’s stock worth $1,226,408,000 after purchasing an additional 32,549 shares in the last quarter. FIL Ltd grew its stake in shares of Willis Towers Watson by 1.2% during the first quarter. FIL Ltd now owns 3,008,201 shares of the financial services provider’s stock worth $457,818,000 after purchasing an additional 36,032 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of Willis Towers Watson by 0.5% during the second quarter. Pzena Investment Management LLC now owns 1,282,314 shares of the financial services provider’s stock worth $194,399,000 after purchasing an additional 6,588 shares in the last quarter. Epoch Investment Partners Inc. grew 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 purchasing an additional 110,434 shares in the last quarter. Finally, Mawer Investment Management Ltd. grew its stake in shares of Willis Towers Watson by 1.2% during the second quarter. Mawer Investment Management Ltd. now owns 1,125,899 shares of the financial services provider’s stock worth $170,686,000 after purchasing an additional 13,268 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

In related news, insider Adam Garrard sold 1,830 shares of the business’s 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 sale, the insider now directly owns 13,739 shares of the company’s stock, valued at $2,016,473.03. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by insiders.

Shares of WLTW opened at $145.04 on Tuesday. Willis Towers Watson PLC has a 1-year low of $142.67 and a 1-year high of $165.00. The firm has a market capitalization of $19.42 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.31 and a beta of 0.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.29 and a quick ratio of 2.29.

Willis Towers Watson (NASDAQ:WLTW) last announced its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $1.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.70. Willis Towers Watson had a net margin of 5.65% and a return on equity of 9.96%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the previous year, the company earned $1.45 earnings per share. Willis Towers Watson’s quarterly revenue was up 3.7% compared to the same quarter last year. sell-side analysts predict that Willis Towers Watson PLC will post 9.56 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Sunday, September 30th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $2.40 dividend on an annualized basis and a yield of 1.65%. Willis Towers Watson’s dividend payout ratio (DPR) is presently 28.20%.

WLTW has been the subject of a number of analyst reports. Citigroup boosted their target price on shares of Willis Towers Watson from $175.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, July 12th. BidaskClub upgraded shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a research note on Tuesday, July 24th. ValuEngine downgraded shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Morgan Stanley lowered their target price on shares of Willis Towers Watson from $175.00 to $171.00 and set an “overweight” rating for the company in a research note on Friday, August 3rd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $175.00 target price on shares of Willis Towers Watson in a research note on Monday, August 6th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $172.77.

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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Institutional Ownership by Quarter for Willis Towers Watson (NASDAQ:WLTW)

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