TD Asset Management Inc. Boosts Stake in Willis Towers Watson PLC (NASDAQ:WLTW)

TD Asset Management Inc. grew its stake in Willis Towers Watson PLC (NASDAQ:WLTW) by 5.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 420,591 shares of the financial services provider’s stock after buying an additional 21,398 shares during the period. TD Asset Management Inc.’s holdings in Willis Towers Watson were worth $80,560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Advisor Partners LLC increased its stake in shares of Willis Towers Watson by 2.1% in the second quarter. Advisor Partners LLC now owns 2,627 shares of the financial services provider’s stock worth $503,000 after acquiring an additional 54 shares during the period. Botty Investors LLC increased its stake in shares of Willis Towers Watson by 14.5% in the first quarter. Botty Investors LLC now owns 475 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 60 shares during the period. Creative Planning increased its stake in shares of Willis Towers Watson by 0.3% in the second quarter. Creative Planning now owns 22,323 shares of the financial services provider’s stock worth $4,276,000 after acquiring an additional 64 shares during the period. Mason Street Advisors LLC increased its stake in shares of Willis Towers Watson by 0.5% in the first quarter. Mason Street Advisors LLC now owns 18,418 shares of the financial services provider’s stock worth $3,235,000 after acquiring an additional 99 shares during the period. Finally, Oakbrook Investments LLC increased its stake in shares of Willis Towers Watson by 0.8% in the first quarter. Oakbrook Investments LLC now owns 13,099 shares of the financial services provider’s stock worth $2,301,000 after acquiring an additional 100 shares during the period. 92.04% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. SunTrust Banks increased their price objective on shares of Willis Towers Watson from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. They noted that the move was a valuation call. Morgan Stanley increased their price objective on shares of Willis Towers Watson from $208.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Barclays increased their price objective on shares of Willis Towers Watson from $205.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, July 1st. Finally, Raymond James reiterated a “strong-buy” rating and issued a $200.00 price objective on shares of Willis Towers Watson in a research note on Monday, May 6th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $200.58.



WLTW stock traded down $4.74 during midday trading on Wednesday, hitting $190.26. 18,542 shares of the stock traded hands, compared to its average volume of 622,587. The firm has a market capitalization of $25.44 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 1.71 and a beta of 0.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 1.83. The company’s fifty day moving average is $195.43. Willis Towers Watson PLC has a 1-year low of $134.50 and a 1-year high of $200.93.

Willis Towers Watson (NASDAQ:WLTW) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.02. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.06 billion. Willis Towers Watson had a net margin of 9.86% and a return on equity of 13.00%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $1.70 earnings per share. Sell-side analysts anticipate that Willis Towers Watson PLC will post 10.93 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Sunday, June 30th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, June 27th. This represents a $2.60 annualized dividend and a yield of 1.37%. Willis Towers Watson’s dividend payout ratio is presently 26.72%.

About Willis Towers Watson

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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