Pzena Investment Management LLC Buys 23,208 Shares of Willis Towers Watson Public Limited Company (WLTW)

Pzena Investment Management LLC raised its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,238,446 shares of the financial services provider’s stock after buying an additional 23,208 shares during the period. Pzena Investment Management LLC owned approximately 0.91% of Willis Towers Watson Public Limited Company worth $162,100,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Farr Miller & Washington LLC DC increased its position in shares of Willis Towers Watson Public Limited Company by 1.0% in the fourth quarter. Farr Miller & Washington LLC DC now owns 1,789 shares of the financial services provider’s stock valued at $219,000 after buying an additional 18 shares during the period. Formidable Asset Management LLC increased its position in shares of Willis Towers Watson Public Limited Company by 0.3% in the fourth quarter. Formidable Asset Management LLC now owns 5,827 shares of the financial services provider’s stock valued at $713,000 after buying an additional 20 shares during the period. United Capital Financial Advisers LLC boosted its stake in shares of Willis Towers Watson Public Limited Company by 1.1% in the fourth quarter. United Capital Financial Advisers LLC now owns 2,288 shares of the financial services provider’s stock valued at $280,000 after buying an additional 26 shares in the last quarter. Conning Inc. boosted its stake in shares of Willis Towers Watson Public Limited Company by 1.4% in the first quarter. Conning Inc. now owns 2,250 shares of the financial services provider’s stock valued at $295,000 after buying an additional 30 shares in the last quarter. Finally, Atria Investments LLC boosted its stake in shares of Willis Towers Watson Public Limited Company by 1.0% in the first quarter. Atria Investments LLC now owns 4,805 shares of the financial services provider’s stock valued at $629,000 after buying an additional 46 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Willis Towers Watson Public Limited Company (NASDAQ:WLTW)

Willis Towers Watson Public Limited Company (WLTW) traded up 0.83% during mid-day trading on Friday, reaching $149.65. The company had a trading volume of 1,179,964 shares. Willis Towers Watson Public Limited Company has a 12 month low of $112.76 and a 12 month high of $149.99. The firm’s 50 day moving average price is $143.07 and its 200-day moving average price is $130.76. The company has a market capitalization of $20.23 billion, a price-to-earnings ratio of 39.36 and a beta of 0.93.

Willis Towers Watson Public Limited Company (NASDAQ:WLTW) last issued its quarterly earnings results on Thursday, May 4th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.33 by $0.38. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Willis Towers Watson Public Limited Company had a return on equity of 10.76% and a net margin of 5.24%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.41 EPS. Equities research analysts anticipate that Willis Towers Watson Public Limited Company will post $8.54 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.42%. The ex-dividend date is Wednesday, June 28th. Willis Towers Watson Public Limited Company’s dividend payout ratio (DPR) is presently 69.97%.

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Several equities research analysts have weighed in on WLTW shares. Zacks Investment Research cut Willis Towers Watson Public Limited Company from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Wells Fargo & Company restated a “sell” rating on shares of Willis Towers Watson Public Limited Company in a research note on Sunday, April 9th. Jefferies Group LLC restated a “buy” rating and set a $141.00 price objective (down from $147.00) on shares of Willis Towers Watson Public Limited Company in a research note on Thursday, February 16th. Finally, William Blair restated an “outperform” rating on shares of Willis Towers Watson Public Limited Company in a research note on Thursday, March 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Willis Towers Watson Public Limited Company has an average rating of “Hold” and a consensus target price of $142.30.

In other Willis Towers Watson Public Limited Company news, insider Jeffrey W. Ubben sold 1,000,000 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $140.53, for a total transaction of $140,530,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul D. Thomas sold 2,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $141.62, for a total value of $311,564.00. The disclosure for this sale can be found here. Insiders sold a total of 1,450,378 shares of company stock worth $205,839,802 in the last 90 days. 6.70% of the stock is currently owned by insiders.

Willis Towers Watson Public Limited Company Company Profile

Willis Towers Watson Public Limited Company (Willis Towers Watson) is a holding company. The Company operates as a global advisory, broking and solutions company. It is engaged in offering risk management, insurance broking, consulting, technology and solutions, and private exchanges. The Company operates through eight segments: Willis International; Willis North America; Willis Capital, Wholesale & Reinsurance (CWR); Willis GB; Towers Watson Benefits; Towers Watson Exchange Solutions; Towers Watson Risk and Financial Services; and Towers Watson Talent and Rewards.

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