Raymond James & Associates cut its holdings in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 17.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 293,900 shares of the financial services provider’s stock after selling 62,769 shares during the period. Raymond James & Associates owned approximately 0.22% of Willis Towers Watson worth $44,288,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of WLTW. BlackRock Inc. raised its stake in shares of Willis Towers Watson by 1.5% in the 4th quarter. BlackRock Inc. now owns 8,024,880 shares of the financial services provider’s stock valued at $1,209,269,000 after purchasing an additional 121,446 shares during the period. Longview Partners Guernsey LTD raised its stake in shares of Willis Towers Watson by 8.3% in the 4th quarter. Longview Partners Guernsey LTD now owns 6,146,219 shares of the financial services provider’s stock valued at $926,174,000 after purchasing an additional 468,525 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Willis Towers Watson by 0.5% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,094,250 shares of the financial services provider’s stock valued at $315,583,000 after purchasing an additional 10,502 shares during the period. Wells Fargo & Company MN raised its stake in shares of Willis Towers Watson by 12.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,635,349 shares of the financial services provider’s stock valued at $246,431,000 after purchasing an additional 179,146 shares during the period. Finally, Lyrical Asset Management LP raised its stake in shares of Willis Towers Watson by 4.0% in the 4th quarter. Lyrical Asset Management LP now owns 1,557,049 shares of the financial services provider’s stock valued at $234,632,000 after purchasing an additional 60,355 shares during the period. Hedge funds and other institutional investors own 93.75% of the company’s stock.
In other Willis Towers Watson news, insider Joseph Gunn sold 9,437 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $159.94, for a total transaction of $1,509,353.78. Following the transaction, the insider now owns 22,040 shares of the company’s stock, valued at $3,525,077.60. The sale was disclosed in a document filed with the SEC, which is available through this link. 6.70% of the stock is owned by insiders.
Shares of Willis Towers Watson PLC (NASDAQ WLTW) opened at $162.39 on Wednesday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $21,545.95, a PE ratio of 19.19, a P/E/G ratio of 1.62 and a beta of 0.88. Willis Towers Watson PLC has a 12-month low of $125.66 and a 12-month high of $165.00.
Willis Towers Watson (NASDAQ:WLTW) last released its earnings results on Thursday, February 8th. The financial services provider reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.10. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.99 billion. Willis Towers Watson had a return on equity of 11.25% and a net margin of 6.93%. Willis Towers Watson’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.88 earnings per share. research analysts expect that Willis Towers Watson PLC will post 9.9 EPS for the current year.
Willis Towers Watson announced that its Board of Directors has initiated a share repurchase program on Monday, February 26th that permits the company to buyback $400.00 million in shares. This buyback authorization permits 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 leadership believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Saturday, March 31st will be given a $0.60 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.48%. This is an increase from Willis Towers Watson’s previous quarterly dividend of $0.53. Willis Towers Watson’s payout ratio is currently 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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