CX Institutional Increases Stake in Willis Towers Watson Public Limited (NASDAQ:WLTW)

CX Institutional boosted its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WLTW) by 202.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 145 shares of the financial services provider’s stock after buying an additional 97 shares during the quarter. CX Institutional’s holdings in Willis Towers Watson Public were worth $30,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WLTW. The Manufacturers Life Insurance Company grew its stake in Willis Towers Watson Public by 21.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 196,574 shares of the financial services provider’s stock valued at $33,388,000 after acquiring an additional 34,891 shares during the period. AXA raised its holdings in shares of Willis Towers Watson Public by 54.7% in the 1st quarter. AXA now owns 24,471 shares of the financial services provider’s stock valued at $4,156,000 after purchasing an additional 8,654 shares in the last quarter. Two Sigma Advisers LP grew its position in shares of Willis Towers Watson Public by 15.6% in the 1st quarter. Two Sigma Advisers LP now owns 59,208 shares of the financial services provider’s stock valued at $10,056,000 after buying an additional 8,000 shares during the last quarter. APG Asset Management N.V. grew its position in shares of Willis Towers Watson Public by 12.2% in the 2nd quarter. APG Asset Management N.V. now owns 80,908 shares of the financial services provider’s stock valued at $14,188,000 after buying an additional 8,800 shares during the last quarter. Finally, New England Guild Wealth Advisors Inc. purchased a new position in Willis Towers Watson Public during the 2nd quarter worth $208,000. 90.32% of the stock is owned by institutional investors.

Shares of NASDAQ WLTW opened at $216.76 on Friday. Willis Towers Watson Public Limited has a 52-week low of $143.34 and a 52-week high of $220.97. The stock has a market cap of $27.93 billion, a PE ratio of 27.72 and a beta of 0.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.73 and a current ratio of 1.73. The business has a fifty day moving average of $207.53 and a two-hundred day moving average of $198.52.

Willis Towers Watson Public (NASDAQ:WLTW) last posted its earnings results on Thursday, July 30th. The financial services provider reported $1.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.18. Willis Towers Watson Public had a return on equity of 14.32% and a net margin of 11.00%. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same period in the previous year, the company earned $1.78 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. Analysts predict that Willis Towers Watson Public Limited will post 11.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Tuesday, September 29th. Willis Towers Watson Public’s payout ratio is presently 24.82%.

Several analysts recently commented on the stock. Morgan Stanley reduced their price objective on shares of Willis Towers Watson Public from $229.00 to $218.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 19th. BidaskClub upgraded shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a report on Wednesday, September 9th. Finally, Raymond James downgraded shares of Willis Towers Watson Public from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 5th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Willis Towers Watson Public presently has an average rating of “Hold” and a consensus price target of $213.07.

About Willis Towers Watson Public

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 Public (NASDAQ:WLTW)

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