Hsbc Holdings PLC cut its holdings in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 43.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,855 shares of the financial services provider’s stock after selling 20,865 shares during the period. Hsbc Holdings PLC’s holdings in Willis Towers Watson were worth $4,078,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in WLTW. JOYN Advisors Inc. lifted its position in Willis Towers Watson by 91.9% in the 4th quarter. JOYN Advisors Inc. now owns 286 shares of the financial services provider’s stock worth $43,000 after buying an additional 137 shares in the last quarter. Bessemer Group Inc. lifted its position in Willis Towers Watson by 86.2% in the 4th quarter. Bessemer Group Inc. now owns 324 shares of the financial services provider’s stock worth $49,000 after buying an additional 150 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Willis Towers Watson by 19.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 23,981 shares of the financial services provider’s stock worth $3,641,000 after purchasing an additional 3,938 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Willis Towers Watson by 10.2% during the 4th quarter. Great West Life Assurance Co. Can now owns 850 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 79 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Willis Towers Watson by 69.1% during the 4th quarter. CIBC Asset Management Inc now owns 15,339 shares of the financial services provider’s stock worth $2,329,000 after purchasing an additional 6,266 shares during the last quarter. 92.18% of the stock is owned by institutional investors and hedge funds.
In related news, insider Joseph Gunn sold 2,042 shares of the firm’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $168.30, for a total value of $343,668.60. Following the transaction, the insider now directly owns 17,264 shares in the company, valued at approximately $2,905,531.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam Garrard sold 3,517 shares of the firm’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $171.71, for a total transaction of $603,904.07. Following the completion of the transaction, the insider now owns 5,542 shares in the company, valued at $951,616.82. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.
NASDAQ:WLTW opened at $173.65 on Friday. Willis Towers Watson PLC has a 1 year low of $134.50 and a 1 year high of $187.91. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $22.04 billion, a P/E ratio of 17.85, a PEG ratio of 1.29 and a beta of 0.80.
Willis Towers Watson (NASDAQ:WLTW) last posted its earnings results on Thursday, February 7th. The financial services provider reported $4.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.06 by ($0.06). Willis Towers Watson had a net margin of 8.16% and a return on equity of 12.44%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the previous year, the business posted $2.21 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Research analysts forecast that Willis Towers Watson PLC will post 10.69 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be paid a $0.65 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This is a positive change from Willis Towers Watson’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a yield of 1.50%. Willis Towers Watson’s dividend payout ratio (DPR) is presently 24.67%.
WLTW has been the topic of several analyst reports. Zacks Investment Research lowered shares of Willis Towers Watson from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research note on Saturday, November 17th. BidaskClub upgraded shares of Willis Towers Watson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 20th. Credit Suisse Group restated an “outperform” rating and set a $178.00 price target (up previously from $166.00) on shares of Willis Towers Watson in a research note on Thursday, December 20th. Goldman Sachs Group upgraded shares of Willis Towers Watson from a “neutral” rating to a “buy” rating and increased their price target for the stock from $163.00 to $179.00 in a research note on Tuesday, January 8th. Finally, Deutsche Bank upgraded shares of Willis Towers Watson from a “sell” rating to a “hold” rating and increased their price target for the stock from $149.00 to $164.00 in a research note on Thursday, February 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Willis Towers Watson has an average rating of “Buy” and an average target price of $175.17.
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Willis Towers Watson Profile
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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