TLP Group LLC acquired a new stake in shares of Willis Towers Watson PLC (NASDAQ:WLTW) in the first quarter, HoldingsChannel reports. The fund acquired 2,931 shares of the financial services provider’s stock, valued at approximately $446,000.
Several other large investors also recently made changes to their positions in the company. Impax Asset Management LLC purchased a new stake in shares of Willis Towers Watson in the first quarter valued at $213,000. BancorpSouth Bank purchased a new stake in shares of Willis Towers Watson in the fourth quarter valued at $266,000. Edgestream Partners L.P. purchased a new stake in shares of Willis Towers Watson in the fourth quarter valued at $267,000. Quadrature Capital Ltd purchased a new stake in shares of Willis Towers Watson in the first quarter valued at $274,000. Finally, Brown Advisory Securities LLC purchased a new stake in shares of Willis Towers Watson in the fourth quarter valued at $279,000. Institutional investors own 92.01% of the company’s stock.
Shares of NASDAQ WLTW traded up $0.61 during mid-day trading on Thursday, reaching $157.61. The company had a trading volume of 1,695 shares, compared to its average volume of 576,114. Willis Towers Watson PLC has a twelve month low of $142.67 and a twelve month high of $165.00. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $20.77 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 1.36 and a beta of 0.89.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Saturday, June 30th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, June 28th. Willis Towers Watson’s payout ratio is 28.20%.
Willis Towers Watson declared that its board has approved a stock buyback program on Monday, February 26th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
WLTW has been the subject of a number of research analyst reports. BidaskClub lowered Willis Towers Watson from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. Barclays restated a “buy” rating and issued a $195.00 target price (up previously from $172.00) on shares of Willis Towers Watson in a report on Sunday, February 18th. Goldman Sachs Group upgraded Willis Towers Watson from a “sell” rating to a “neutral” rating and set a $153.00 target price for the company in a report on Thursday, March 15th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $154.00 price target on shares of Willis Towers Watson in a research note on Saturday, March 17th. Finally, MKM Partners upped their price target on shares of Willis Towers Watson to $190.00 and gave the stock a “buy” rating in a research note on Monday, March 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $171.23.
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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