Greenhouse Funds LLLP lifted its position in Willis Towers Watson PLC (NASDAQ:WLTW) by 131.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,069 shares of the financial services provider’s stock after acquiring an additional 61,287 shares during the quarter. 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 owned approximately 0.08% of Willis Towers Watson worth $16,285,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Ameriprise Financial Inc. grew its stake in Willis Towers Watson by 0.9% in the third quarter. Ameriprise Financial Inc. now owns 35,604 shares of the financial services provider’s stock valued at $5,492,000 after purchasing an additional 330 shares during the last quarter. Amalgamated Bank grew its stake in Willis Towers Watson by 2.6% in the third quarter. Amalgamated Bank now owns 14,640 shares of the financial services provider’s stock valued at $2,258,000 after purchasing an additional 376 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Willis Towers Watson by 2.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 20,269 shares of the financial services provider’s stock valued at $3,139,000 after purchasing an additional 400 shares during the last quarter. Meadow Creek Investment Management LLC grew its stake in Willis Towers Watson by 12.2% in the fourth quarter. Meadow Creek Investment Management LLC now owns 3,850 shares of the financial services provider’s stock valued at $580,000 after purchasing an additional 418 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Willis Towers Watson by 31.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 1,822 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 432 shares during the last quarter. Institutional investors own 93.75% of the company’s stock.
Several equities analysts have issued reports on WLTW shares. ValuEngine lowered Willis Towers Watson from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Goldman Sachs Group started coverage on Willis Towers Watson in a research note on Monday, December 4th. They set a “sell” rating and a $153.00 price target on the stock. BidaskClub lowered Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. Barclays restated a “buy” rating and set a $172.00 price target on shares of Willis Towers Watson in a research note on Tuesday, January 9th. Finally, Wells Fargo & Co restated a “hold” rating and set a $154.00 price target on shares of Willis Towers Watson in a research note on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Willis Towers Watson presently has an average rating of “Buy” and an average price target of $168.67.
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) opened at $163.13 on Wednesday. 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 capitalization of $21,545.95, a PE ratio of 19.19, a PEG ratio of 1.62 and a beta of 0.88. 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 EPS for the quarter, beating the Zacks’ consensus estimate of $2.11 by $0.10. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.88 earnings per share. research analysts forecast that Willis Towers Watson PLC will post 9.9 EPS for the current fiscal year.
The company 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 of this dividend is Wednesday, March 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.47%. This is a positive change from Willis Towers Watson’s previous quarterly dividend of $0.53. Willis Towers Watson’s dividend payout ratio is currently 50.72%.
Willis Towers Watson announced that its Board of Directors has approved a share buyback plan on Monday, February 26th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Willis Towers Watson Company 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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