River & Mercantile Asset Management LLP Cuts Holdings in Willis Towers Watson PLC (WLTW)

River & Mercantile Asset Management LLP cut its stake in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 7.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,969 shares of the financial services provider’s stock after selling 2,000 shares during the period. River & Mercantile Asset Management LLP’s holdings in Willis Towers Watson were worth $3,660,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank raised its position in shares of Willis Towers Watson by 0.4% in the third quarter. Toronto Dominion Bank now owns 85,111 shares of the financial services provider’s stock valued at $11,993,000 after buying an additional 320 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of Willis Towers Watson by 8.3% in the second quarter. Riverhead Capital Management LLC now owns 4,555 shares of the financial services provider’s stock valued at $691,000 after buying an additional 348 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in shares of Willis Towers Watson by 8.3% in the second quarter. Glen Harbor Capital Management LLC now owns 5,096 shares of the financial services provider’s stock valued at $773,000 after buying an additional 392 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Willis Towers Watson by 4.7% in the second quarter. CIBC Asset Management Inc now owns 9,254 shares of the financial services provider’s stock valued at $1,403,000 after buying an additional 413 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Willis Towers Watson by 2.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,859 shares of the financial services provider’s stock valued at $2,707,000 after buying an additional 440 shares in the last quarter. Institutional investors own 91.80% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Willis Towers Watson from a “hold” rating to a “buy” rating and set a $176.00 price target for the company in a research report on Saturday, December 1st. Morgan Stanley lifted their price target on shares of Willis Towers Watson from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, November 14th. BidaskClub upgraded shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a research report on Wednesday, November 7th. Raymond James lifted their price target on shares of Willis Towers Watson from $175.00 to $180.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 6th. Finally, Wells Fargo & Co lifted their price target on shares of Willis Towers Watson from $155.00 to $160.00 and gave the company a “market perform” rating in a research report on Monday, November 5th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $173.71.

In other Willis Towers Watson news, insider Julie Jarecke Gebauer sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $160.15, for a total transaction of $1,601,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Todd J. Jones sold 2,450 shares of the business’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $155.56, for a total transaction of $381,122.00. Following the sale, the insider now directly owns 17,864 shares in the company, valued at approximately $2,778,923.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,212 shares of company stock valued at $4,664,542. Company insiders own 0.50% of the company’s stock.

Shares of WLTW opened at $156.50 on Friday. Willis Towers Watson PLC has a one year low of $134.50 and a one year high of $164.99. The company has a market cap of $20.28 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.34 and a beta of 0.78. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.86.

Willis Towers Watson (NASDAQ:WLTW) last announced its quarterly earnings data on Friday, November 2nd. The financial services provider reported $1.32 EPS for the quarter, beating the consensus estimate of $1.11 by $0.21. Willis Towers Watson had a net margin of 6.84% and a return on equity of 10.15%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the business earned $1.12 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that Willis Towers Watson PLC will post 9.82 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be given a dividend of $0.60 per share. The ex-dividend date is Friday, December 28th. This represents a $2.40 annualized dividend and a yield of 1.53%. Willis Towers Watson’s dividend payout ratio is currently 28.20%.

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About Willis Towers Watson

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. Its Human Capital and Benefits segment provides actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services.

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Institutional Ownership by Quarter for Willis Towers Watson (NASDAQ:WLTW)

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