TD Asset Management Inc. raised its stake in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 2.7% in the 1st quarter, Holdings Channel reports. The fund owned 399,193 shares of the financial services provider’s stock after acquiring an additional 10,535 shares during the quarter. TD Asset Management Inc.’s holdings in Willis Towers Watson were worth $70,118,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of WLTW. FMR LLC grew its holdings in shares of Willis Towers Watson by 3,131.7% in the 4th quarter. FMR LLC now owns 2,241,482 shares of the financial services provider’s stock worth $340,391,000 after acquiring an additional 2,172,123 shares during the period. Norges Bank acquired a new stake in Willis Towers Watson during the 4th quarter valued at $180,079,000. BlackRock Inc. grew its holdings in Willis Towers Watson by 6.1% during the 4th quarter. BlackRock Inc. now owns 8,575,226 shares of the financial services provider’s stock valued at $1,302,233,000 after buying an additional 489,781 shares during the last quarter. Geode Capital Management LLC grew its holdings in Willis Towers Watson by 9.3% during the 4th quarter. Geode Capital Management LLC now owns 1,797,811 shares of the financial services provider’s stock valued at $272,568,000 after buying an additional 153,229 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new stake in Willis Towers Watson during the 1st quarter valued at $22,809,000. 93.20% of the stock is owned by hedge funds and other institutional investors.
Shares of WLTW traded up $1.55 during trading hours on Tuesday, hitting $177.92. The stock had a trading volume of 5,826 shares, compared to its average volume of 683,192. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $22.75 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 1.54 and a beta of 0.81. Willis Towers Watson PLC has a 12-month low of $134.50 and a 12-month high of $187.91.
Willis Towers Watson (NASDAQ:WLTW) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $2.98 earnings per share for the quarter, missing the consensus estimate of $2.99 by ($0.01). The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Willis Towers Watson had a return on equity of 12.89% and a net margin of 8.99%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $2.71 earnings per share. Sell-side analysts predict that Willis Towers Watson PLC will post 10.76 earnings per share for the current year.
A number of research analysts have weighed in on the company. Morgan Stanley increased their price target on Willis Towers Watson from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Wells Fargo & Co increased their price target on Willis Towers Watson from $160.00 to $164.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 2nd. BidaskClub raised Willis Towers Watson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 13th. UBS Group increased their price target on Willis Towers Watson from $188.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Finally, Raymond James reissued a “strong-buy” rating and set a $200.00 price target on shares of Willis Towers Watson in a research note on Monday, May 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $188.38.
In related news, Director Anna C. Catalano sold 1,110 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $180.35, for a total value of $200,188.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.75% of the company’s stock.
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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