Southpoint Capital Advisors LP reduced its stake in Willis Towers Watson PLC (NASDAQ:WLTW) by 16.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 500,000 shares of the financial services provider’s stock after selling 100,000 shares during the quarter. Willis Towers Watson accounts for 3.6% of Southpoint Capital Advisors LP’s portfolio, making the stock its 11th largest position. Southpoint Capital Advisors LP owned approximately 0.38% of Willis Towers Watson worth $75,345,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of WLTW. FNY Managed Accounts LLC bought a new stake in Willis Towers Watson during the 4th quarter worth about $149,000. Calton & Associates Inc. bought a new stake in Willis Towers Watson during the 4th quarter worth about $192,000. Dean Capital Investments Management LLC bought a new stake in Willis Towers Watson during the 4th quarter worth about $201,000. Capital Wealth Planning LLC bought a new stake in Willis Towers Watson during the 3rd quarter worth about $204,000. Finally, Advisor Partners LLC bought a new stake in Willis Towers Watson during the 4th quarter worth about $217,000. 93.75% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Joseph Gunn sold 9,437 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $159.94, for a total value of $1,509,353.78. Following the transaction, the insider now owns 22,040 shares in the company, valued at approximately $3,525,077.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 6.70% of the stock is currently owned by corporate insiders.
Willis Towers Watson PLC (WLTW) opened at $164.14 on Monday. Willis Towers Watson PLC has a 52 week low of $125.66 and a 52 week high of $165.00. The firm has a market cap of $21,701.97, a PE ratio of 19.33, a PEG ratio of 1.63 and a beta of 0.88. 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 (NASDAQ:WLTW) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $2.21 EPS for the quarter, beating the Zacks’ consensus estimate of $2.11 by $0.10. Willis Towers Watson had a net margin of 6.93% and a return on equity of 11.25%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the business earned $1.88 EPS. Willis Towers Watson’s quarterly revenue was up 7.8% on a year-over-year basis. research analysts predict that Willis Towers Watson PLC will post 9.9 earnings per share for the current fiscal year.
Willis Towers Watson declared that its Board of Directors has approved a share buyback plan on Monday, February 26th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Saturday, March 31st will be paid a $0.60 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.46%. This is a positive change from Willis Towers Watson’s previous quarterly dividend of $0.53. Willis Towers Watson’s dividend payout ratio is 50.72%.
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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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