Caisse DE Depot ET Placement DU Quebec decreased its stake in Willis Towers Watson PLC (NASDAQ:WLTW) by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,369 shares of the financial services provider’s stock after selling 2,900 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Willis Towers Watson were worth $2,617,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in WLTW. FNY Managed Accounts LLC purchased a new position in shares of Willis Towers Watson in the fourth quarter worth about $149,000. Calton & Associates Inc. purchased a new position in shares of Willis Towers Watson in the fourth quarter worth about $192,000. Dean Capital Investments Management LLC purchased a new position in shares of Willis Towers Watson in the fourth quarter worth about $201,000. Capital Wealth Planning LLC purchased a new position in shares of Willis Towers Watson in the third quarter worth about $204,000. Finally, Advisor Partners LLC purchased a new position in shares of Willis Towers Watson in the fourth quarter worth about $217,000. Institutional investors and hedge funds own 93.75% of the company’s stock.
A number of equities analysts have commented on WLTW shares. ValuEngine downgraded shares of Willis Towers Watson from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Barclays reaffirmed a “buy” rating and set a $172.00 target price on shares of Willis Towers Watson in a research note on Tuesday, January 9th. Goldman Sachs Group started coverage on shares of Willis Towers Watson in a research note on Monday, December 4th. They set a “sell” rating and a $153.00 target price on the stock. William Blair downgraded shares of Willis Towers Watson from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 16th. Finally, BidaskClub raised shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $168.67.
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) opened at $162.39 on Wednesday. The stock has a market cap of $21,701.97, a P/E ratio of 38.85, a PEG ratio of 1.63 and a beta of 0.88. Willis Towers Watson PLC has a 52 week low of $125.66 and a 52 week high of $165.00. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.43.
Willis Towers Watson (NASDAQ:WLTW) last released its quarterly 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 net margin of 6.93% and a return on equity of 11.25%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.88 EPS. sell-side analysts anticipate that Willis Towers Watson PLC will post 9.9 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Saturday, March 31st will be paid a $0.60 dividend. 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. The ex-dividend date of this dividend is Wednesday, March 28th. Willis Towers Watson’s payout ratio is 50.72%.
Willis Towers Watson announced that its board has initiated a share repurchase 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 repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are 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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