Nordea Investment Management AB Trims Stake in Willis Towers Watson PLC (NASDAQ:WLTW)

Nordea Investment Management AB lessened its holdings in Willis Towers Watson PLC (NASDAQ:WLTW) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,017 shares of the financial services provider’s stock after selling 111 shares during the period. Nordea Investment Management AB’s holdings in Willis Towers Watson were worth $7,906,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of WLTW. Cerebellum GP LLC raised its position in shares of Willis Towers Watson by 39.5% during the 1st quarter. Cerebellum GP LLC now owns 1,809 shares of the financial services provider’s stock valued at $318,000 after buying an additional 512 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Willis Towers Watson during the 1st quarter valued at $3,988,000. Private Advisors LLC purchased a new stake in shares of Willis Towers Watson during the 1st quarter valued at $1,260,000. Northeast Financial Consultants Inc purchased a new stake in shares of Willis Towers Watson during the 1st quarter valued at $642,000. Finally, Andra AP fonden purchased a new stake in shares of Willis Towers Watson during the 1st quarter valued at $6,921,000. Institutional investors own 91.65% of the company’s stock.

In other news, Director Anna C. Catalano sold 1,110 shares of Willis Towers Watson stock in a transaction that occurred on Friday, May 3rd. The shares were 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 Securities & Exchange Commission, which is available through this link. Insiders own 0.75% of the company’s stock.

Several equities analysts recently commented on the stock. MKM Partners increased their target price on shares of Willis Towers Watson from $190.00 to $210.00 and gave the company a “buy” rating in a report on Monday, April 8th. UBS Group increased their target price on shares of Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley reaffirmed an “overweight” rating and set a C$125.00 target price on shares of Intact Financial in a report on Wednesday, May 15th. ValuEngine lowered shares of Welbilt from a “hold” rating to a “sell” rating in a report on Wednesday, June 12th. Finally, Wells Fargo & Co set a $70.00 target price on shares of MSC Industrial Direct and gave the company a “market perform” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Willis Towers Watson has a consensus rating of “Buy” and a consensus target price of $196.69.

Willis Towers Watson stock traded up $0.12 during trading hours on Friday, hitting $196.42. The stock had a trading volume of 506,177 shares, compared to its average volume of 463,978. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market cap of $25.38 billion, a PE ratio of 20.19, a P/E/G ratio of 1.71 and a beta of 0.83. Willis Towers Watson PLC has a 12-month low of $134.50 and a 12-month high of $197.45. The stock has a 50-day simple moving average of $187.66.

Willis Towers Watson (NASDAQ:WLTW) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $2.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.99 by ($0.01). The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Willis Towers Watson had a return on equity of 12.89% and a net margin of 8.99%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $2.71 earnings per share. As a group, equities analysts forecast that Willis Towers Watson PLC will post 10.76 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.32%. Willis Towers Watson’s dividend payout ratio is presently 26.72%.

Willis Towers Watson Profile

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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