We Are One Seven LLC acquired a new stake in Willis Towers Watson (NASDAQ:WLTW) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,281 shares of the financial services provider’s stock, valued at approximately $344,000.
Other large investors have also made changes to their positions in the company. Capital Fund Management S.A. purchased a new stake in shares of Willis Towers Watson in the fourth quarter valued at $4,129,000. Parametric Portfolio Associates LLC grew its position in shares of Willis Towers Watson by 17.8% in the third quarter. Parametric Portfolio Associates LLC now owns 144,088 shares of the financial services provider’s stock valued at $22,223,000 after purchasing an additional 21,803 shares during the period. Strs Ohio purchased a new stake in shares of Willis Towers Watson in the fourth quarter valued at $9,945,000. California Public Employees Retirement System grew its position in shares of Willis Towers Watson by 7.5% in the third quarter. California Public Employees Retirement System now owns 283,063 shares of the financial services provider’s stock valued at $43,657,000 after purchasing an additional 19,836 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of Willis Towers Watson by 7.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 17,293 shares of the financial services provider’s stock valued at $2,668,000 after purchasing an additional 1,165 shares during the period. 93.73% of the stock is owned by institutional investors and hedge funds.
WLTW has been the subject of a number of recent analyst reports. BidaskClub raised Willis Towers Watson from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Stifel Nicolaus lifted their price objective on Willis Towers Watson from $175.00 to $187.00 and gave the company a “buy” rating in a research report on Monday, February 5th. ValuEngine raised Willis Towers Watson from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Barclays reaffirmed a “buy” rating and issued a $172.00 price objective on shares of Willis Towers Watson in a research report on Tuesday, January 9th. Finally, MKM Partners lifted their target price on Willis Towers Watson to $190.00 and gave the company a “buy” rating in a report on Monday. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. Willis Towers Watson presently has a consensus rating of “Buy” and an average target price of $171.08.
Willis Towers Watson (NASDAQ WLTW) opened at $154.66 on Friday. Willis Towers Watson has a fifty-two week low of $125.66 and a fifty-two week high of $165.00. The firm has a market capitalization of $20,909.99, a price-to-earnings ratio of 18.63, a P/E/G ratio of 1.57 and a beta of 0.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.82 and a quick ratio of 1.82.
Willis Towers Watson (NASDAQ:WLTW) last issued its earnings results on Thursday, February 8th. The financial services provider reported $2.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.11 by $0.10. Willis Towers Watson had a return on equity of 11.25% and a net margin of 6.93%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter last year, the firm earned $1.88 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. equities analysts forecast that Willis Towers Watson will post 9.88 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Saturday, March 31st will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Willis Towers Watson’s previous quarterly dividend of $0.53. Willis Towers Watson’s payout ratio is currently 50.72%.
Willis Towers Watson declared that its Board of Directors has approved a share buyback program on Monday, February 26th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
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About Willis Towers Watson
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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