Willis Towers Watson PLC (WLTW) Position Boosted by Axa
Axa increased its position in Willis Towers Watson PLC (NASDAQ:WLTW) by 24.8% in the third quarter, HoldingsChannel.com reports. The firm owned 7,041 shares of the financial services provider’s stock after acquiring an additional 1,400 shares during the period. Axa’s holdings in Willis Towers Watson were worth $992,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of WLTW. United Services Automobile Association boosted its stake in shares of Willis Towers Watson by 22.2% during the 2nd quarter. United Services Automobile Association now owns 247,481 shares of the financial services provider’s stock valued at $37,518,000 after buying an additional 44,900 shares during the period. Raymond James & Associates boosted its stake in shares of Willis Towers Watson by 0.3% during the 2nd quarter. Raymond James & Associates now owns 253,777 shares of the financial services provider’s stock valued at $38,473,000 after buying an additional 813 shares during the period. Glen Harbor Capital Management LLC raised its holdings in shares of Willis Towers Watson by 8.3% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 5,096 shares of the financial services provider’s stock valued at $773,000 after purchasing an additional 392 shares in the last quarter. Royal London Asset Management Ltd. bought a new position in shares of Willis Towers Watson during the 2nd quarter valued at $7,843,000. Finally, Strs Ohio raised its holdings in shares of Willis Towers Watson by 1.9% during the 2nd quarter. Strs Ohio now owns 155,836 shares of the financial services provider’s stock valued at $23,624,000 after purchasing an additional 2,836 shares in the last quarter. 91.80% of the stock is owned by hedge funds and other institutional investors.
WLTW has been the topic of a number of recent research reports. BidaskClub upgraded shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a report on Thursday, August 9th. Zacks Investment Research upgraded shares of Willis Towers Watson from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Credit Suisse Group upgraded shares of Willis Towers Watson from a “neutral” rating to an “outperform” rating and set a $166.00 price target on the stock in a report on Monday, October 8th. Citigroup set a $165.00 price target on shares of Willis Towers Watson and gave the company a “buy” rating in a report on Friday, October 12th. Finally, Wells Fargo & Co set a $155.00 price target on shares of Willis Towers Watson and gave the company a “hold” rating in a report on Friday, November 2nd. Three analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Willis Towers Watson currently has an average rating of “Buy” and an average target price of $173.71.
Shares of WLTW opened at $156.10 on Friday. The firm has a market capitalization of $20.44 billion, a P/E ratio of 18.34, a PEG ratio of 1.35 and a beta of 0.78. Willis Towers Watson PLC has a one year low of $134.50 and a one year high of $164.99. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.44.
Willis Towers Watson (NASDAQ:WLTW) last announced its earnings results on Friday, November 2nd. The financial services provider reported $1.32 EPS for the quarter, topping the consensus estimate of $1.11 by $0.21. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Willis Towers Watson had a net margin of 6.84% and a return on equity of 10.15%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. On average, research analysts expect that Willis Towers Watson PLC will post 9.82 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $2.40 annualized dividend and a yield of 1.54%. Willis Towers Watson’s dividend payout ratio (DPR) is presently 28.20%.
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Willis Towers Watson Company 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.
See Also: Insider Trading – What You Need to Know
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