Tower Research Capital LLC TRC acquired a new position in Willis Towers Watson PLC (NASDAQ:WLTW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,522 shares of the company’s stock, valued at approximately $189,000.
Several other institutional investors have also added to or reduced their stakes in the company. Park Avenue Institutional Advisers LLC acquired a new position in Willis Towers Watson PLC during the first quarter worth approximately $103,000. Advisors Asset Management Inc. increased its position in Willis Towers Watson PLC by 53.1% in the second quarter. Advisors Asset Management Inc. now owns 1,332 shares of the company’s stock worth $166,000 after buying an additional 462 shares during the last quarter. Global X Management Co. LLC increased its position in Willis Towers Watson PLC by 70.1% in the second quarter. Global X Management Co. LLC now owns 1,419 shares of the company’s stock worth $176,000 after buying an additional 585 shares during the last quarter. PBWM Holdings LLC acquired a new position in Willis Towers Watson PLC during the second quarter worth approximately $202,000. Finally, Garrison Financial Corp acquired a new position in Willis Towers Watson PLC during the second quarter worth approximately $203,000. 91.14% of the stock is owned by institutional investors.
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) opened at 132.77 on Monday. The firm has a market cap of $18.33 billion, a PE ratio of 34.09 and a beta of 0.74. Willis Towers Watson PLC has a 12 month low of $104.11 and a 12 month high of $133.40. The stock’s 50 day moving average is $125.01 and its 200 day moving average is $123.62.
Willis Towers Watson PLC (NASDAQ:WLTW) last posted its quarterly earnings data on Friday, August 5th. The company reported $1.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.01. Willis Towers Watson PLC had a net margin of 6.71% and a return on equity of 11.66%. The business earned $1.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. The company’s quarterly revenue was up 114.2% compared to the same quarter last year. Analysts forecast that Willis Towers Watson PLC will post $7.72 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a dividend of $0.48 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.92 annualized dividend and a yield of 1.45%. Willis Towers Watson PLC’s dividend payout ratio is 53.25%.
A number of equities analysts have recently commented on WLTW shares. Citigroup Inc. reduced their price objective on shares of Willis Towers Watson PLC from $148.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, August 9th. Jefferies Group dropped their target price on shares of Willis Towers Watson PLC from $147.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, August 8th. Keefe, Bruyette & Woods set a $142.00 target price on shares of Willis Towers Watson PLC and gave the stock a “buy” rating in a research report on Saturday. Credit Suisse Group AG reiterated a “hold” rating and set a $124.00 target price on shares of Willis Towers Watson PLC in a research report on Friday. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Willis Towers Watson PLC in a research report on Wednesday, June 15th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Willis Towers Watson PLC currently has an average rating of “Buy” and an average price target of $127.64.
In other news, insider Nicolas Aubert sold 3,149 shares of the stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $126.65, for a total value of $398,820.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anna C. Catalano sold 390 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $122.00, for a total transaction of $47,580.00. The disclosure for this sale can be found here. Corporate insiders own 6.40% of the company’s stock.
About Willis Towers Watson PLC
Willis Towers Watson Public Limited Company (Willis Towers Watson) is a holding company. The Company operates as a global advisory, broking and solutions company. It is engaged in offering risk management, insurance broking, consulting, technology and solutions, and private exchanges. The Company operates through eight segments: Willis International; Willis North America; Willis Capital, Wholesale & Reinsurance (CWR); Willis GB; Towers Watson Benefits; Towers Watson Exchange Solutions; Towers Watson Risk and Financial Services; and Towers Watson Talent and Rewards.
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