Jane Street Group LLC lifted its position in shares of Willis Towers Watson (NASDAQ:WLTW) by 69.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,421 shares of the financial services provider’s stock after purchasing an additional 6,336 shares during the quarter. Jane Street Group LLC’s holdings in Willis Towers Watson were worth $2,324,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in shares of Willis Towers Watson by 0.9% during the third quarter. Ameriprise Financial Inc. now owns 35,604 shares of the financial services provider’s stock worth $5,492,000 after acquiring an additional 330 shares during the period. Amalgamated Bank increased its stake in Willis Towers Watson by 2.6% in the 3rd quarter. Amalgamated Bank now owns 14,640 shares of the financial services provider’s stock valued at $2,258,000 after buying an additional 376 shares during the last quarter. LPL Financial LLC increased its stake in Willis Towers Watson by 18.5% in the 4th quarter. LPL Financial LLC now owns 2,464 shares of the financial services provider’s stock valued at $371,000 after buying an additional 385 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Willis Towers Watson by 2.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 20,269 shares of the financial services provider’s stock valued at $3,139,000 after buying an additional 400 shares during the last quarter. Finally, Meadow Creek Investment Management LLC increased its stake in Willis Towers Watson by 12.2% in the 4th quarter. Meadow Creek Investment Management LLC now owns 3,850 shares of the financial services provider’s stock valued at $580,000 after buying an additional 418 shares during the last quarter. 93.73% of the stock is currently owned by institutional investors.
WLTW has been the topic of several recent research reports. BidaskClub upgraded shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Stifel Nicolaus lifted their price target on shares of Willis Towers Watson from $175.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, February 5th. ValuEngine upgraded shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays reiterated a “buy” rating and issued a $172.00 price target on shares of Willis Towers Watson in a research note on Tuesday, January 9th. Finally, MKM Partners lifted their price target on shares of Willis Towers Watson to $190.00 and gave the company a “buy” rating in a research note on Monday. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. Willis Towers Watson currently has a consensus rating of “Buy” and a consensus target price of $170.31.
Willis Towers Watson (NASDAQ:WLTW) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $2.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.11 by $0.10. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.99 billion. Willis Towers Watson had a net margin of 6.93% and a return on equity of 11.25%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.88 EPS. equities research analysts expect that Willis Towers Watson will post 9.88 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Saturday, March 31st will be issued a $0.60 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.52%. This is an increase from Willis Towers Watson’s previous quarterly dividend of $0.53. Willis Towers Watson’s payout ratio is currently 50.72%.
Willis Towers Watson declared that its Board of Directors has approved a stock repurchase plan on Monday, February 26th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
In other news, insider Joseph Gunn sold 9,437 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $159.94, for a total value of $1,509,353.78. Following the completion of the transaction, the insider now directly owns 22,040 shares in the company, valued at approximately $3,525,077.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.70% of the stock is currently owned by insiders.
About Willis Towers Watson
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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