SG Americas Securities LLC Increases Stock Position in Willis Towers Watson PLC (NASDAQ:WLTW)

SG Americas Securities LLC raised its holdings in Willis Towers Watson PLC (NASDAQ:WLTW) by 105.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,169 shares of the financial services provider’s stock after purchasing an additional 60,745 shares during the quarter. SG Americas Securities LLC owned 0.09% of Willis Towers Watson worth $22,803,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in WLTW. BlackRock Inc. boosted its holdings in Willis Towers Watson by 7.0% in the 2nd quarter. BlackRock Inc. now owns 11,548,315 shares of the financial services provider’s stock valued at $2,211,963,000 after purchasing an additional 760,522 shares in the last quarter. Longview Partners Guernsey LTD lifted its position in shares of Willis Towers Watson by 12.2% during the 2nd quarter. Longview Partners Guernsey LTD now owns 6,702,733 shares of the financial services provider’s stock valued at $1,283,841,000 after acquiring an additional 729,906 shares during the period. Nuveen Asset Management LLC lifted its position in shares of Willis Towers Watson by 2,810.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 750,742 shares of the financial services provider’s stock valued at $143,797,000 after acquiring an additional 724,950 shares during the period. Thoroughbred Financial Services LLC lifted its position in shares of Willis Towers Watson by 19,054.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 603,734 shares of the financial services provider’s stock valued at $60,373,000 after acquiring an additional 600,582 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Willis Towers Watson by 3.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,189,692 shares of the financial services provider’s stock valued at $3,100,974,000 after acquiring an additional 556,935 shares during the period. 93.00% of the stock is currently owned by institutional investors.

Shares of WLTW stock traded up $0.11 during midday trading on Friday, reaching $185.10. 474,400 shares of the company traded hands, compared to its average volume of 604,158. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.41 and a quick ratio of 1.83. Willis Towers Watson PLC has a 1-year low of $144.13 and a 1-year high of $200.93. The firm has a market cap of $23.79 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 1.56 and a beta of 0.81. The firm’s 50 day simple moving average is $189.21 and its two-hundred day simple moving average is $189.04.

Willis Towers Watson (NASDAQ:WLTW) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.01. Willis Towers Watson had a return on equity of 13.01% and a net margin of 10.07%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm posted $1.32 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, research analysts anticipate that Willis Towers Watson PLC will post 10.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $2.60 annualized dividend and a dividend yield of 1.40%. Willis Towers Watson’s dividend payout ratio is currently 26.72%.

In related news, insider Nicolas Aubert sold 7,592 shares of Willis Towers Watson stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $195.00, for a total transaction of $1,480,440.00. Following the completion of the transaction, the insider now directly owns 5,875 shares in the company, valued at approximately $1,145,625. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.75% of the company’s stock.

WLTW has been the subject of a number of research reports. ValuEngine downgraded shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. BidaskClub downgraded shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Barclays set a $235.00 price target on shares of Willis Towers Watson and gave the company a “buy” rating in a research report on Monday, August 12th. SunTrust Banks lifted their price target on shares of Willis Towers Watson from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. They noted that the move was a valuation call. Finally, Morgan Stanley reduced their price target on shares of Willis Towers Watson from $209.00 to $204.00 and set an “overweight” rating for the company in a research report on Monday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Willis Towers Watson has a consensus rating of “Buy” and an average price target of $200.92.

Willis Towers Watson Profile

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company's Human Capital and Benefits segment offers 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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