Marble Arch Investments LP lowered its stake in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 39.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 413,228 shares of the financial services provider’s stock after selling 269,072 shares during the period. Willis Towers Watson comprises about 4.8% of Marble Arch Investments LP’s portfolio, making the stock its 8th largest holding. Marble Arch Investments LP owned 0.31% of Willis Towers Watson worth $62,269,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in WLTW. FNY Managed Accounts LLC purchased a new position in shares of Willis Towers Watson in the 4th quarter valued at about $149,000. Calton & Associates Inc. purchased a new position in shares of Willis Towers Watson in the 4th quarter valued at about $192,000. Dean Capital Investments Management LLC purchased a new position in shares of Willis Towers Watson in the 4th quarter valued at about $201,000. Capital Wealth Planning LLC purchased a new position in shares of Willis Towers Watson in the 3rd quarter valued at about $204,000. Finally, Advisor Partners LLC purchased a new position in shares of Willis Towers Watson in the 4th quarter valued at about $217,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.
WLTW has been the topic of several research analyst reports. Barclays reiterated a “buy” rating and issued a $172.00 price objective on shares of Willis Towers Watson in a report on Tuesday, January 9th. BidaskClub cut Willis Towers Watson from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. ValuEngine cut Willis Towers Watson from a “buy” rating to a “hold” rating in a report on Friday, December 1st. William Blair cut Willis Towers Watson from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 16th. Finally, Zacks Investment Research cut Willis Towers Watson from a “hold” rating to a “strong sell” rating in a report on Saturday, February 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $168.67.
Willis Towers Watson PLC (WLTW) opened at $162.39 on Wednesday. The firm has a market capitalization of $21,545.95, a P/E ratio of 19.19, a PEG ratio of 1.62 and a beta of 0.88. Willis Towers Watson PLC has a twelve month low of $125.66 and a twelve month high of $165.00. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.43.
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, topping the Thomson Reuters’ consensus estimate of $2.11 by $0.10. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Willis Towers Watson had a return on equity of 11.25% and a net margin of 6.93%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.88 EPS. research analysts predict that Willis Towers Watson PLC will post 9.9 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Saturday, March 31st will be issued a dividend of $0.60 per share. This is a boost from Willis Towers Watson’s previous quarterly dividend of $0.53. This represents a $2.40 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Wednesday, March 28th. Willis Towers Watson’s payout ratio is currently 50.72%.
Willis Towers Watson declared that its Board of Directors has authorized a stock 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 purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
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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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