Mawer Investment Management Ltd. Grows Stock Position in Willis Towers Watson PLC (NASDAQ:WLTW)

Mawer Investment Management Ltd. raised its holdings in Willis Towers Watson PLC (NASDAQ:WLTW) by 7.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 565,625 shares of the financial services provider’s stock after buying an additional 40,956 shares during the quarter. Mawer Investment Management Ltd. owned about 0.44% of Willis Towers Watson worth $108,340,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WLTW. BlackRock Inc. raised its stake in Willis Towers Watson by 25.8% in the first quarter. BlackRock Inc. now owns 10,787,793 shares of the financial services provider’s stock valued at $1,894,875,000 after buying an additional 2,212,567 shares during the last quarter. Thoroughbred Financial Services LLC raised its stake in Willis Towers Watson by 19,054.0% in the second quarter. Thoroughbred Financial Services LLC now owns 603,734 shares of the financial services provider’s stock valued at $60,373,000 after buying an additional 600,582 shares during the last quarter. FMR LLC raised its stake in Willis Towers Watson by 12.3% in the first quarter. FMR LLC now owns 2,517,708 shares of the financial services provider’s stock valued at $442,236,000 after buying an additional 276,226 shares during the last quarter. Argent Capital Management LLC purchased a new stake in Willis Towers Watson in the first quarter valued at about $38,642,000. Finally, Geode Capital Management LLC raised its stake in Willis Towers Watson by 9.3% in the fourth 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. Institutional investors own 93.05% of the company’s stock.

A number of research analysts have recently weighed in on the company. SunTrust Banks increased their price objective on Willis Towers Watson from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, July 11th. They noted that the move was a valuation call. ValuEngine lowered Willis Towers Watson from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Raymond James reissued a “strong-buy” rating and issued a $200.00 price objective on shares of Willis Towers Watson in a report on Monday, May 6th. UBS Group increased their price objective on Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, Morgan Stanley cut their price objective on Willis Towers Watson from $215.00 to $209.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Willis Towers Watson has an average rating of “Buy” and a consensus target price of $201.33.

Shares of WLTW stock traded down $3.47 during mid-day trading on Friday, reaching $190.83. The stock had a trading volume of 95,175 shares, compared to its average volume of 774,499. The business’s fifty day moving average is $195.79 and its 200-day moving average is $182.29. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51. The firm has a market cap of $24.94 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 1.67 and a beta of 0.82. Willis Towers Watson PLC has a 1-year low of $134.50 and a 1-year high of $200.93.

Willis Towers Watson (NASDAQ:WLTW) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.78 EPS for the quarter, topping the consensus estimate of $1.76 by $0.02. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.06 billion. Willis Towers Watson had a return on equity of 13.00% and a net margin of 9.86%. Willis Towers Watson’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $1.70 earnings per share. On average, analysts forecast that Willis Towers Watson PLC will post 10.93 earnings per share for the current year.

Willis Towers Watson Company Profile

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

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