Forsta AP Fonden acquired a new position in shares of Willis Towers Watson (NASDAQ:WLTW) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,900 shares of the financial services provider’s stock, valued at approximately $2,268,000.
A number of other institutional investors have also modified their holdings of the stock. LPL Financial LLC raised its stake in Willis Towers Watson by 18.5% during the 4th quarter. LPL Financial LLC now owns 2,464 shares of the financial services provider’s stock worth $371,000 after buying an additional 385 shares during the period. Meadow Creek Investment Management LLC raised its stake in shares of Willis Towers Watson by 12.2% in the 4th quarter. Meadow Creek Investment Management LLC now owns 3,850 shares of the financial services provider’s stock valued at $580,000 after purchasing an additional 418 shares during the period. Zeke Capital Advisors LLC raised its stake in shares of Willis Towers Watson by 17.7% in the 1st quarter. Zeke Capital Advisors LLC now owns 2,856 shares of the financial services provider’s stock valued at $435,000 after purchasing an additional 429 shares during the period. Vident Investment Advisory LLC raised its stake in shares of Willis Towers Watson by 22.2% in the 4th quarter. Vident Investment Advisory LLC now owns 2,889 shares of the financial services provider’s stock valued at $436,000 after purchasing an additional 524 shares during the period. Finally, Norinchukin Bank The raised its stake in shares of Willis Towers Watson by 10.8% in the 4th quarter. Norinchukin Bank The now owns 6,619 shares of the financial services provider’s stock valued at $997,000 after purchasing an additional 643 shares during the period. 93.23% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Joseph Gunn sold 9,438 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $159.95, for a total value of $1,509,608.10. Following the completion of the transaction, the insider now owns 22,041 shares in the company, valued at approximately $3,525,457.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.
Shares of NASDAQ WLTW opened at $154.31 on Monday. The stock has a market capitalization of $20.34 billion, a PE ratio of 18.13, a P/E/G ratio of 1.24 and a beta of 0.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.68 and a quick ratio of 2.68. Willis Towers Watson has a fifty-two week low of $139.70 and a fifty-two week high of $165.00.
Willis Towers Watson (NASDAQ:WLTW) last announced its quarterly earnings data on Monday, May 7th. The financial services provider reported $2.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.08. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Willis Towers Watson had a return on equity of 9.69% and a net margin of 5.37%. Willis Towers Watson’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.71 EPS. sell-side analysts forecast that Willis Towers Watson will post 9.62 EPS for the current fiscal year.
Willis Towers Watson declared that its board has approved a share repurchase program on Monday, February 26th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
Several analysts have issued reports on the company. ValuEngine raised Willis Towers Watson from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Wells Fargo reissued a “hold” rating and issued a $154.00 price target on shares of Willis Towers Watson in a research note on Saturday, March 17th. MKM Partners lifted their price target on Willis Towers Watson to $190.00 and gave the company a “buy” rating in a research note on Monday, March 19th. Finally, Stifel Nicolaus lifted their price target on Willis Towers Watson from $175.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $170.64.
Willis Towers Watson Company 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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