Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 6.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 7,548 shares of the financial services provider’s stock after purchasing an additional 459 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Willis Towers Watson were worth $1,326,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Northern Trust Corp lifted its stake in shares of Willis Towers Watson by 6.3% in the 4th quarter. Northern Trust Corp now owns 1,459,327 shares of the financial services provider’s stock valued at $221,612,000 after purchasing an additional 86,394 shares during the period. 1832 Asset Management L.P. acquired a new position in shares of Willis Towers Watson in the 4th quarter valued at $1,603,000. Nordea Investment Management AB lifted its stake in shares of Willis Towers Watson by 3.3% in the 4th quarter. Nordea Investment Management AB now owns 45,128 shares of the financial services provider’s stock valued at $6,853,000 after purchasing an additional 1,429 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Willis Towers Watson in the 4th quarter valued at $390,000. Finally, JNBA Financial Advisors acquired a new position in shares of Willis Towers Watson in the 4th quarter valued at $197,000. 93.20% of the stock is currently owned by hedge funds and other institutional investors.
WLTW opened at $176.00 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.20 and a quick ratio of 2.20. Willis Towers Watson PLC has a 12 month low of $134.50 and a 12 month high of $187.91. The firm has a market capitalization of $22.75 billion, a P/E ratio of 18.09, a PEG ratio of 1.54 and a beta of 0.81.
Willis Towers Watson (NASDAQ:WLTW) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $2.98 EPS for the quarter, missing the Zacks’ consensus estimate of $2.99 by ($0.01). Willis Towers Watson had a net margin of 8.99% and a return on equity of 12.89%. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the prior year, the company earned $2.71 EPS. Willis Towers Watson’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts forecast that Willis Towers Watson PLC will post 10.76 earnings per share for the current fiscal year.
In related news, Director Anna C. Catalano sold 1,110 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $180.35, for a total value of $200,188.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is owned by corporate insiders.
A number of research analysts have recently weighed in on the company. BidaskClub raised Willis Towers Watson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 13th. Deutsche Bank raised Willis Towers Watson from a “sell” rating to a “hold” rating and increased their price target for the company from $149.00 to $164.00 in a research note on Thursday, February 7th. Wells Fargo & Co increased their price target on Willis Towers Watson from $164.00 to $175.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. UBS Group increased their price target on Willis Towers Watson from $188.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Finally, William Blair reissued a “market perform” rating on shares of Willis Towers Watson in a research note on Thursday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Willis Towers Watson presently has a consensus rating of “Buy” and a consensus price target of $188.38.
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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