Longview Partners Guernsey LTD lifted its stake in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,175,603 shares of the financial services provider’s stock after purchasing an additional 44,291 shares during the quarter. Willis Towers Watson comprises approximately 4.3% of Longview Partners Guernsey LTD’s portfolio, making the stock its 14th biggest position. Longview Partners Guernsey LTD’s holdings in Willis Towers Watson were worth $870,389,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Landaas & Co. WI ADV purchased a new position in Willis Towers Watson in the second quarter worth $167,000. Advisor Partners LLC acquired a new stake in Willis Towers Watson in the second quarter valued at $209,000. Exane Derivatives acquired a new stake in Willis Towers Watson in the second quarter valued at $214,000. Dupont Capital Management Corp grew its holdings in Willis Towers Watson by 74.4% in the second quarter. Dupont Capital Management Corp now owns 1,444 shares of the financial services provider’s stock valued at $219,000 after purchasing an additional 616 shares during the last quarter. Finally, HRT Financial LLC acquired a new stake in Willis Towers Watson in the second quarter valued at $230,000. Institutional investors and hedge funds own 92.64% of the company’s stock.
Shares of WLTW traded up $0.71 during trading hours on Friday, reaching $139.44. 7,209 shares of the company traded hands, compared to its average volume of 690,866. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.44. The firm has a market cap of $18.29 billion, a P/E ratio of 16.37, a PEG ratio of 1.23 and a beta of 0.87. Willis Towers Watson PLC has a fifty-two week low of $134.50 and a fifty-two week high of $165.00.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Sunday, September 30th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Thursday, September 27th. Willis Towers Watson’s payout ratio is currently 28.20%.
In related news, insider Adam Garrard sold 1,830 shares of the stock in a transaction on Friday, August 31st. The stock was sold at an average price of $146.77, for a total transaction of $268,589.10. Following the sale, the insider now owns 13,739 shares of the company’s stock, valued at $2,016,473.03. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by company insiders.
Several analysts have weighed in on the company. BidaskClub lowered Willis Towers Watson from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Citigroup upped their target price on Willis Towers Watson from $175.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, July 12th. Zacks Investment Research lowered Willis Towers Watson from a “hold” rating to a “sell” rating in a report on Tuesday, August 28th. Credit Suisse Group raised Willis Towers Watson from a “neutral” rating to an “outperform” rating and set a $166.00 target price on the stock in a report on Monday, October 8th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $175.00 target price on shares of Willis Towers Watson in a report on Monday, August 6th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $171.38.
About Willis Towers Watson
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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