AustralianSuper Pty Ltd purchased a new position in Willis Towers Watson PLC (NASDAQ:WLTW) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 142,700 shares of the financial services provider’s stock, valued at approximately $22,009,000. AustralianSuper Pty Ltd owned about 0.11% of Willis Towers Watson as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in WLTW. Commonwealth Bank of Australia lifted its position 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. Great West Life Assurance Co. Can raised its holdings in shares of Willis Towers Watson by 11.8% in the second quarter. Great West Life Assurance Co. Can now owns 693 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 73 shares in the last quarter. Advisor Group Inc. grew its stake in Willis Towers Watson by 30.2% in the second quarter. Advisor Group Inc. now owns 699 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 162 shares during the last quarter. Dupont Capital Management Corp purchased a new position in Willis Towers Watson in the second quarter valued at about $106,000. Finally, Advisors Asset Management Inc. grew its stake in Willis Towers Watson by 77.2% in the second quarter. Advisors Asset Management Inc. now owns 909 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 396 shares during the last quarter. Institutional investors and hedge funds own 94.36% of the company’s stock.
Willis Towers Watson PLC (WLTW) traded down $0.70 on Friday, reaching $150.69. The company had a trading volume of 402,245 shares, compared to its average volume of 651,176. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.45. The firm has a market cap of $19,989.35, a price-to-earnings ratio of 58.18, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90. Willis Towers Watson PLC has a 1 year low of $120.87 and a 1 year high of $165.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st will be issued a $0.53 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.41%. Willis Towers Watson’s payout ratio is currently 81.85%.
Several equities analysts have issued reports on WLTW shares. Robert W. Baird reiterated a “buy” rating and issued a $167.00 target price on shares of Willis Towers Watson in a research note on Friday, November 3rd. ValuEngine upgraded Willis Towers Watson from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Wells Fargo & Co reaffirmed a “sell” rating and set a $124.00 target price on shares of Willis Towers Watson in a report on Thursday, November 2nd. SunTrust Banks reaffirmed a “buy” rating and set a $182.00 target price on shares of Willis Towers Watson in a report on Friday, October 6th. Finally, Barclays boosted their price target on Willis Towers Watson from $171.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, October 16th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $157.27.
In related news, CFO Michael J. Burwell bought 3,100 shares of the stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $160.10 per share, for a total transaction of $496,310.00. Following the purchase, the chief financial officer now owns 3,100 shares of the company’s stock, valued at approximately $496,310. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey W. Ubben sold 320,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $161.15, for a total value of $51,568,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 774,945 shares of company stock worth $122,792,116 in the last 90 days. 6.70% of the stock is currently owned by company insiders.
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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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