FIL Ltd Lowers Stake in Willis Towers Watson PLC (NASDAQ:WLTW)

FIL Ltd decreased its position in Willis Towers Watson PLC (NASDAQ:WLTW) by 4.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,082,119 shares of the financial services provider’s stock after selling 92,980 shares during the period. FIL Ltd owned about 1.61% of Willis Towers Watson worth $365,724,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Investors Research Corp bought a new stake in shares of Willis Towers Watson in the 1st quarter worth $27,000. First Hawaiian Bank lifted its stake in Willis Towers Watson by 5,000.0% in the 1st quarter. First Hawaiian Bank now owns 153 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 150 shares in the last quarter. JOYN Advisors Inc. lifted its stake in Willis Towers Watson by 91.9% in the 4th quarter. JOYN Advisors Inc. now owns 286 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 137 shares in the last quarter. Bessemer Group Inc. lifted its stake in Willis Towers Watson by 86.2% in the 4th quarter. Bessemer Group Inc. now owns 324 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 150 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC purchased a new stake in shares of Willis Towers Watson during the 1st quarter valued at $82,000. 91.65% of the stock is currently owned by institutional investors.

Shares of WLTW traded up $2.59 during midday trading on Friday, reaching $191.54. The stock had a trading volume of 409,996 shares, compared to its average volume of 638,979. Willis Towers Watson PLC has a 52 week low of $134.50 and a 52 week high of $192.96. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $182.60. The firm has a market cap of $24.15 billion, a P/E ratio of 19.69, a P/E/G ratio of 1.63 and a beta of 0.81.

Willis Towers Watson (NASDAQ:WLTW) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $2.98 earnings per share for the quarter, missing the consensus estimate of $2.99 by ($0.01). The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.37 billion. Willis Towers Watson had a net margin of 8.99% and a return on equity of 12.89%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.71 earnings per share. Sell-side analysts expect that Willis Towers Watson PLC will post 10.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be given a $0.65 dividend. The ex-dividend date is Thursday, June 27th. This represents a $2.60 dividend on an annualized basis and a yield of 1.36%. Willis Towers Watson’s payout ratio is 26.72%.

Several analysts recently issued reports on WLTW shares. Wells Fargo & Co restated a “hold” rating and issued a $160.00 price objective on shares of Willis Towers Watson in a report on Friday, March 22nd. SunTrust Banks raised their price objective on Willis Towers Watson to $200.00 and gave the stock a “market perform” rating in a report on Monday, March 25th. Barclays raised their price objective on Willis Towers Watson from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Citigroup raised their price objective on Willis Towers Watson from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Finally, MKM Partners raised their price objective on Willis Towers Watson from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Willis Towers Watson presently has an average rating of “Buy” and a consensus price target of $188.77.

In other Willis Towers Watson news, Director Anna C. Catalano sold 1,110 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $180.35, for a total value of $200,188.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by company insiders.

About Willis Towers Watson

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company's Human Capital and Benefits segment offers 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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