Steward Partners Investment Advisory LLC Buys 954 Shares of Willis Towers Watson PLC (NASDAQ:WLTW)

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Steward Partners Investment Advisory LLC boosted its stake in Willis Towers Watson PLC (NASDAQ:WLTW) by 69.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,321 shares of the financial services provider’s stock after acquiring an additional 954 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Willis Towers Watson were worth $444,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Botty Investors LLC lifted its stake in Willis Towers Watson by 14.5% in the 1st quarter. Botty Investors LLC now owns 475 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 60 shares during the last quarter. Mason Street Advisors LLC raised its stake in shares of Willis Towers Watson by 0.5% during the first quarter. Mason Street Advisors LLC now owns 18,418 shares of the financial services provider’s stock valued at $3,235,000 after acquiring an additional 99 shares during the last quarter. Manning & Napier Group LLC raised its stake in shares of Willis Towers Watson by 2.2% during the first quarter. Manning & Napier Group LLC now owns 4,735 shares of the financial services provider’s stock valued at $831,000 after acquiring an additional 100 shares during the last quarter. Oakbrook Investments LLC raised its stake in shares of Willis Towers Watson by 0.8% during the first quarter. Oakbrook Investments LLC now owns 13,099 shares of the financial services provider’s stock valued at $2,301,000 after acquiring an additional 100 shares during the last quarter. Finally, Securian Asset Management Inc raised its stake in shares of Willis Towers Watson by 0.8% during the first quarter. Securian Asset Management Inc now owns 13,297 shares of the financial services provider’s stock valued at $2,336,000 after acquiring an additional 100 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Shares of WLTW traded down $1.37 during trading hours on Monday, hitting $195.85. 1,001 shares of the stock were exchanged, compared to its average volume of 558,186. Willis Towers Watson PLC has a fifty-two week low of $134.50 and a fifty-two week high of $200.93. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.51. The business’s 50-day simple moving average is $195.07. The company has a market capitalization of $25.57 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 1.72 and a beta of 0.82.

Willis Towers Watson (NASDAQ:WLTW) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.02. Willis Towers Watson had a net margin of 9.86% and a return on equity of 13.00%. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the company posted $1.70 earnings per share. Willis Towers Watson’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities analysts anticipate that Willis Towers Watson PLC will post 10.93 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Sunday, June 30th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, June 27th. Willis Towers Watson’s dividend payout ratio (DPR) is presently 26.72%.

Several research firms have recently issued reports on WLTW. Morgan Stanley raised their price target on shares of Willis Towers Watson from $208.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. SunTrust Banks raised their price target on shares of Willis Towers Watson from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. They noted that the move was a valuation call. UBS Group raised their price target on shares of Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. ValuEngine downgraded shares of Willis Towers Watson from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $200.00 price target on shares of Willis Towers Watson in a research note on Monday, May 6th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $200.58.

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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