Korea Investment CORP cut its stake in Willis Towers Watson PLC (NASDAQ:WLTW) by 62.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,824 shares of the financial services provider’s stock after selling 11,219 shares during the period. Korea Investment CORP’s holdings in Willis Towers Watson were worth $1,036,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. We Are One Seven LLC acquired a new stake in shares of Willis Towers Watson in the fourth quarter valued at approximately $32,000. JOYN Advisors Inc. grew its position in shares of Willis Towers Watson by 91.9% in the fourth quarter. JOYN Advisors Inc. now owns 286 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 137 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Willis Towers Watson by 86.2% in the fourth quarter. Bessemer Group Inc. now owns 324 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 150 shares during the last quarter. Bremer Trust National Association acquired a new stake in shares of Willis Towers Watson in the fourth quarter valued at approximately $87,000. Finally, Great West Life Assurance Co. Can grew its position in shares of Willis Towers Watson by 10.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 850 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 79 shares during the last quarter. 92.18% of the stock is owned by institutional investors.

WLTW has been the topic of several research reports. Goldman Sachs Group upgraded shares of Willis Towers Watson from a “neutral” rating to a “buy” rating and increased their price target for the company from $163.00 to $179.00 in a research report on Tuesday, January 8th. Credit Suisse Group reiterated an “outperform” rating and issued a $178.00 price target (up from $166.00) on shares of Willis Towers Watson in a research report on Thursday, December 20th. William Blair reiterated a “market perform” rating on shares of Willis Towers Watson in a research report on Thursday, February 7th. Deutsche Bank upgraded shares of Willis Towers Watson from a “sell” rating to a “hold” rating and increased their price target for the company from $149.00 to $164.00 in a research report on Thursday, February 7th. Finally, BidaskClub lowered shares of Willis Towers Watson from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $175.17.

In other Willis Towers Watson news, insider Joseph Gunn sold 2,042 shares of Willis Towers Watson stock in a transaction on Monday, February 11th. The shares were sold at an average price of $168.30, for a total value of $343,668.60. Following the transaction, the insider now owns 17,264 shares in the company, valued at approximately $2,905,531.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Adam Garrard sold 3,517 shares of Willis Towers Watson stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $171.71, for a total transaction of $603,904.07. Following the completion of the transaction, the insider now owns 5,542 shares in the company, valued at approximately $951,616.82. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Shares of NASDAQ WLTW opened at $173.65 on Friday. Willis Towers Watson PLC has a 1 year low of $134.50 and a 1 year high of $187.91. The company has a market cap of $22.04 billion, a P/E ratio of 17.85, a PEG ratio of 1.29 and a beta of 0.80. 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 Thursday, February 7th. The financial services provider reported $4.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.06 by ($0.06). Willis Towers Watson had a return on equity of 12.44% and a net margin of 8.16%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the business posted $2.21 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. Sell-side analysts anticipate that Willis Towers Watson PLC will post 10.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, March 28th. This represents a $2.60 dividend on an annualized basis and a yield of 1.50%. This is a positive change from Willis Towers Watson’s previous quarterly dividend of $0.60. Willis Towers Watson’s dividend payout ratio (DPR) is 24.67%.

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

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