United Capital Financial Advisers LLC raised its stake in Willis Towers Watson PLC (NASDAQ:WLTW) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,826 shares of the financial services provider’s stock after buying an additional 62 shares during the period. United Capital Financial Advisers LLC’s holdings in Willis Towers Watson were worth $350,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Willis Towers Watson by 25.8% during the 1st quarter. BlackRock Inc. now owns 10,787,793 shares of the financial services provider’s stock valued at $1,894,875,000 after purchasing an additional 2,212,567 shares in the last quarter. FMR LLC raised its stake in Willis Towers Watson by 12.3% during the 1st quarter. FMR LLC now owns 2,517,708 shares of the financial services provider’s stock worth $442,236,000 after buying an additional 276,226 shares during the period. Northern Trust Corp raised its stake in Willis Towers Watson by 3.4% during the 2nd quarter. Northern Trust Corp now owns 1,512,443 shares of the financial services provider’s stock worth $289,694,000 after buying an additional 49,071 shares during the period. Bank of New York Mellon Corp raised its stake in Willis Towers Watson by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 912,299 shares of the financial services provider’s stock worth $174,741,000 after buying an additional 6,227 shares during the period. Finally, Thoroughbred Financial Services LLC raised its stake in 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 worth $60,373,000 after buying an additional 600,582 shares during the period. Hedge funds and other institutional investors own 92.91% of the company’s stock.
Shares of Willis Towers Watson stock traded down $0.77 on Wednesday, hitting $196.53. The company had a trading volume of 156,430 shares, compared to its average volume of 446,474. The stock has a market capitalization of $25.41 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 1.70 and a beta of 0.81. Willis Towers Watson PLC has a 1 year low of $134.50 and a 1 year high of $200.93. The stock has a 50 day moving average of $194.89 and a 200-day moving average of $186.29. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, September 27th. Willis Towers Watson’s payout ratio is 26.72%.
A number of research analysts recently weighed in on WLTW shares. SunTrust Banks upped their price target on 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. Barclays set a $235.00 price target on Willis Towers Watson and gave the stock a “buy” rating in a research note on Monday, August 12th. UBS Group upped their price target on Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. ValuEngine downgraded Willis Towers Watson from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley lowered their price objective on Willis Towers Watson from $215.00 to $209.00 and set an “overweight” rating for the company in a research note on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $201.33.
In related news, insider Nicolas Aubert sold 7,592 shares of the 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 sale, the insider now directly owns 5,875 shares of the company’s stock, valued at $1,145,625. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.75% of the company’s stock.
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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