Published On: Fri, Sep 23rd, 2016

Willis Towers Watson PLC Declares Quarterly Dividend of $0.48 (wltw)

Willis Towers Watson PLC (NASDAQ:wltw) declared a quarterly dividend on Monday, July 25th. Shareholders of record on Friday, September 30th will be paid a dividend of 0.48 per share on Monday, October 17th. This represents a $1.92 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Wednesday, September 28th.
In other Willis Towers Watson PLC news, Director Anna C. Catalano sold 390 shares of Willis Towers Watson PLC stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $122.00, for a total value of $47,580.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Nicolas Aubert sold 3,149 shares of Willis Towers Watson PLC stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $126.65, for a total value of $398,820.85. The disclosure for this sale can be found here. 6.40% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in WLTW. Ranger Investment Management L.P. increased its stake in Willis Towers Watson PLC by 1.7% in the second quarter. Ranger Investment Management L.P. now owns 4,107 shares of the company’s stock worth $511,000 after buying an additional 70 shares during the last quarter. Advantus Capital Management Inc increased its stake in Willis Towers Watson PLC by 0.8% in the second quarter. Advantus Capital Management Inc now owns 13,645 shares of the company’s stock worth $1,696,000 after buying an additional 107 shares during the last quarter. American International Group Inc. increased its stake in Willis Towers Watson PLC by 0.3% in the second quarter. American International Group Inc. now owns 49,367 shares of the company’s stock worth $6,137,000 after buying an additional 169 shares during the last quarter. Bank of Nova Scotia increased its stake in Willis Towers Watson PLC by 6.5% in the second quarter. Bank of Nova Scotia now owns 2,774 shares of the company’s stock worth $345,000 after buying an additional 170 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Willis Towers Watson PLC by 5.2% in the second quarter. Thrivent Financial for Lutherans now owns 4,267 shares of the company’s stock worth $530,000 after buying an additional 210 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Willis Towers Watson PLC (NASDAQ:WLTW) opened at 128.60 on Friday. The company has a 50-day moving average price of $123.72 and a 200-day moving average price of $123.14. The stock has a market cap of $17.75 billion, a price-to-earnings ratio of 33.02 and a beta of 0.83. Willis Towers Watson PLC has a 52 week low of $104.11 and a 52 week high of $129.76.
Willis Towers Watson PLC (NASDAQ:WLTW) last released its quarterly earnings data on Friday, August 5th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.01. Willis Towers Watson PLC had a return on equity of 11.66% and a net margin of 6.71%. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. The company’s revenue was up 114.2% on a year-over-year basis. Equities analysts anticipate that Willis Towers Watson PLC will post $7.72 EPS for the current year.
WLTW has been the topic of a number of recent research reports. Citigroup Inc. reduced their price target on shares of Willis Towers Watson PLC from $148.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. Jefferies Group reduced their price target on shares of Willis Towers Watson PLC from $147.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, August 8th. Credit Suisse Group AG set a $108.00 price target on shares of Willis Towers Watson PLC and gave the company a “hold” rating in a research report on Monday, September 12th. Deutsche Bank AG reiterated a “hold” rating on shares of Willis Towers Watson PLC in a research report on Wednesday, June 15th. Finally, Langen Mcalenn cut shares of Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a research report on Friday, June 24th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $119.67.
Willis Towers Watson PLC 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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