Greenhouse Funds LLLP raised its stake in Willis Towers Watson PLC (NASDAQ:WLTW) by 131.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 108,069 shares of the financial services provider’s stock after purchasing an additional 61,287 shares during the period. Willis Towers Watson accounts for approximately 4.6% of Greenhouse Funds LLLP’s investment portfolio, making the stock its 7th largest holding. Greenhouse Funds LLLP’s holdings in Willis Towers Watson were worth $16,285,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. FNY Managed Accounts LLC acquired a new position in Willis Towers Watson in the fourth quarter valued at approximately $149,000. Calton & Associates Inc. acquired a new position in shares of Willis Towers Watson during the 4th quarter worth approximately $192,000. Capital Wealth Planning LLC acquired a new position in shares of Willis Towers Watson during the 3rd quarter worth approximately $204,000. Dean Capital Investments Management LLC acquired a new position in shares of Willis Towers Watson during the 4th quarter worth approximately $201,000. Finally, Advisor Partners LLC acquired a new position in shares of Willis Towers Watson during the 4th quarter worth approximately $217,000. 93.75% of the stock is owned by institutional investors.
Shares of Willis Towers Watson PLC (WLTW) opened at $163.13 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.82 and a current ratio of 1.82. Willis Towers Watson PLC has a 12-month low of $125.66 and a 12-month high of $165.00. The company has a market capitalization of $21,545.95, a P/E ratio of 19.19, a P/E/G ratio of 1.62 and a beta of 0.88.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Saturday, March 31st will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.47%. This is a boost from Willis Towers Watson’s previous quarterly dividend of $0.53. The ex-dividend date is Wednesday, March 28th. Willis Towers Watson’s payout ratio is presently 50.72%.
Willis Towers Watson announced that its Board of Directors has initiated a stock buyback plan on Monday, February 26th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.
Several research analysts have recently weighed in on the company. Wells Fargo & Co reaffirmed a “hold” rating and set a $154.00 target price on shares of Willis Towers Watson in a research note on Wednesday, January 10th. Zacks Investment Research downgraded Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. BidaskClub raised Willis Towers Watson from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Deutsche Bank upped their target price on Willis Towers Watson from $140.00 to $150.00 and gave the stock a “sell” rating in a research note on Friday, February 9th. Finally, Goldman Sachs Group assumed coverage on Willis Towers Watson in a research note on Monday, December 4th. They set a “sell” rating and a $153.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $168.67.
In related news, insider Joseph Gunn sold 9,438 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $159.95, for a total transaction of $1,509,608.10. Following the completion of the sale, the insider now directly owns 22,041 shares in the company, valued at $3,525,457.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is currently owned by insiders.
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Willis Towers Watson Profile
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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