Longview Partners Guernsey LTD boosted its stake in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 12.2% in the second quarter, HoldingsChannel reports. The firm owned 6,702,733 shares of the financial services provider’s stock after purchasing an additional 729,906 shares during the quarter. Willis Towers Watson makes up approximately 6.2% of Longview Partners Guernsey LTD’s holdings, making the stock its largest holding. Longview Partners Guernsey LTD owned about 0.05% of Willis Towers Watson worth $1,283,841,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Clean Yield Group bought a new stake in Willis Towers Watson during the 2nd quarter valued at $28,000. Redhawk Wealth Advisors Inc. bought a new stake in Willis Towers Watson during the 2nd quarter valued at $31,000. Private Ocean LLC bought a new stake in Willis Towers Watson during the 2nd quarter valued at $38,000. Commonwealth Bank of Australia raised its stake in Willis Towers Watson by 32.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 344 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 85 shares in the last quarter. Finally, Pinebridge Investments L.P. bought a new stake in Willis Towers Watson during the 2nd quarter valued at $76,000. Institutional investors and hedge funds own 92.93% of the company’s stock.
Several analysts have weighed in on the company. UBS Group lifted their target price on Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. BidaskClub downgraded Willis Towers Watson from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Wells Fargo & Co reaffirmed a “buy” rating and set a $220.00 target price on shares of Willis Towers Watson in a research note on Wednesday, July 31st. ValuEngine downgraded Willis Towers Watson from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Barclays set a $235.00 price objective on Willis Towers Watson and gave the stock a “buy” rating in a research note on Monday, August 12th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $201.33.
Willis Towers Watson (NASDAQ:WLTW) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.78 EPS for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.02. Willis Towers Watson had a return on equity of 13.00% and a net margin of 9.86%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the business earned $1.70 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts forecast that Willis Towers Watson PLC will post 10.93 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, September 27th. Willis Towers Watson’s dividend payout ratio (DPR) is presently 26.72%.
In other news, insider Nicolas Aubert sold 7,592 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $195.00, for a total transaction of $1,480,440.00. Following the sale, the insider now directly owns 5,875 shares of the company’s stock, valued at $1,145,625. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is owned by insiders.
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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