Channing Capital Management LLC Trims Holdings in Willis Towers Watson PLC (WLTW)
Channing Capital Management LLC reduced its position in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 34.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 62,120 shares of the financial services provider’s stock after selling 32,038 shares during the period. Channing Capital Management LLC’s holdings in Willis Towers Watson were worth $9,361,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FNY Managed Accounts LLC purchased a new position in Willis Towers Watson during the 4th quarter worth $149,000. Calton & Associates Inc. purchased a new position in Willis Towers Watson during the 4th quarter worth $192,000. Capital Wealth Planning LLC purchased a new position in Willis Towers Watson during the 3rd quarter worth $204,000. Dean Capital Investments Management LLC purchased a new position in Willis Towers Watson during the 4th quarter worth $201,000. Finally, Advisor Partners LLC purchased a new position in Willis Towers Watson during the 4th quarter worth $217,000. Institutional investors own 91.83% of the company’s stock.
Willis Towers Watson PLC (WLTW) opened at $154.92 on Friday. Willis Towers Watson PLC has a fifty-two week low of $125.66 and a fifty-two week high of $165.00. The stock has a market capitalization of $20,864.84, a price-to-earnings ratio of 37.06, a PEG ratio of 1.56 and a beta of 0.87. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.82 and a quick ratio of 1.97.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Saturday, March 31st will be given a $0.60 dividend. This is a boost from Willis Towers Watson’s previous quarterly dividend of $0.53. The ex-dividend date is Wednesday, March 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.55%. Willis Towers Watson’s dividend payout ratio (DPR) is presently 50.72%.
Willis Towers Watson announced that its board has authorized a share buyback program on Monday, February 26th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several research analysts have commented on WLTW shares. Wells Fargo & Co upgraded Willis Towers Watson from an “underperform” rating to a “market perform” rating in a report on Friday, November 3rd. BidaskClub upgraded Willis Towers Watson from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Barclays reiterated a “buy” rating and issued a $172.00 price target on shares of Willis Towers Watson in a report on Tuesday, January 9th. William Blair downgraded Willis Towers Watson from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 16th. Finally, Stifel Nicolaus lifted their price target on Willis Towers Watson from $175.00 to $187.00 and gave the company a “buy” rating in a report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $168.67.
In other news, insider Joseph Gunn sold 9,438 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $159.95, for a total value of $1,509,608.10. Following the completion of the sale, the insider now owns 22,041 shares of the company’s stock, valued at approximately $3,525,457.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is owned by company insiders.
Willis Towers Watson 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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