Exxonmobil Investment Management Inc. TX lessened its holdings in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,995 shares of the financial services provider’s stock after selling 3,528 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Willis Towers Watson were worth $3,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Great West Life Assurance Co. Can raised its holdings in shares of Willis Towers Watson by 11.8% during the second quarter. Great West Life Assurance Co. Can now owns 693 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 73 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Willis Towers Watson by 12.1% during the second quarter. Commonwealth Bank of Australia now owns 694 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 75 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of Willis Towers Watson by 30.2% during the second quarter. Advisor Group Inc. now owns 699 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 162 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Willis Towers Watson by 74.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,252 shares of the financial services provider’s stock valued at $182,000 after buying an additional 535 shares during the period. Finally, W. E. Donoghue & Co. LLC acquired a new stake in Willis Towers Watson during the second quarter valued at $200,000. 94.36% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Jeffrey W. Ubben sold 320,000 shares of Willis Towers Watson stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $161.15, for a total value of $51,568,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Michael J. Burwell bought 3,100 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was bought at an average price of $160.10 per share, for a total transaction of $496,310.00. Following the transaction, the chief financial officer now owns 3,100 shares of the company’s stock, valued at $496,310. The disclosure for this purchase can be found here. 6.70% of the stock is owned by company insiders.
Shares of Willis Towers Watson PLC (NASDAQ WLTW) opened at $155.46 on Friday. Willis Towers Watson PLC has a 52-week low of $120.87 and a 52-week high of $165.00. The stock has a market cap of $20,434.32, a PE ratio of 60.02, a PEG ratio of 1.55 and a beta of 0.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.97 and a quick ratio of 1.97.
Willis Towers Watson (NASDAQ:WLTW) last announced its earnings results on Thursday, November 2nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.01). Willis Towers Watson had a negative net margin of 2.92% and a negative return on equity of 2.15%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business earned $1.04 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. sell-side analysts forecast that Willis Towers Watson PLC will post 8.41 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st will be given a $0.53 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.12 annualized dividend and a dividend yield of 1.36%. Willis Towers Watson’s dividend payout ratio (DPR) is 81.85%.
Willis Towers Watson 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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