Amundi Pioneer Asset Management Inc. Has $15.25 Million Position in Willis Towers Watson PLC (WLTW)
Amundi Pioneer Asset Management Inc. increased its holdings in Willis Towers Watson PLC (NASDAQ:WLTW) by 35.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,221 shares of the financial services provider’s stock after purchasing an additional 26,661 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in Willis Towers Watson were worth $15,253,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Willis Towers Watson by 1.5% in the fourth quarter. BlackRock Inc. now owns 8,024,880 shares of the financial services provider’s stock worth $1,209,269,000 after purchasing an additional 121,446 shares during the last quarter. Longview Partners Guernsey LTD grew its stake in shares of Willis Towers Watson by 8.3% in the fourth quarter. Longview Partners Guernsey LTD now owns 6,146,219 shares of the financial services provider’s stock worth $926,174,000 after purchasing an additional 468,525 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Willis Towers Watson by 0.5% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,094,250 shares of the financial services provider’s stock worth $315,583,000 after purchasing an additional 10,502 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Willis Towers Watson by 12.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,635,349 shares of the financial services provider’s stock worth $246,431,000 after purchasing an additional 179,146 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Willis Towers Watson by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 1,468,438 shares of the financial services provider’s stock worth $220,842,000 after purchasing an additional 36,471 shares during the last quarter. 93.75% of the stock is currently owned by institutional investors.
In other news, insider Joseph Gunn sold 9,438 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $159.95, for a total transaction of $1,509,608.10. Following the transaction, the insider now owns 22,041 shares in the company, valued at $3,525,457.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.70% of the stock is currently owned by corporate insiders.
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) opened at $161.53 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.43. The company has a market cap of $21,340.00, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 1.62 and a beta of 0.89. Willis Towers Watson PLC has a 1 year low of $125.66 and a 1 year high of $165.00.
Willis Towers Watson (NASDAQ:WLTW) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $2.21 EPS for the quarter, beating the Zacks’ consensus estimate of $2.11 by $0.10. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.88 earnings per share. equities research analysts expect that Willis Towers Watson PLC will post 9.9 EPS for the current fiscal year.
Willis Towers Watson declared that its Board of Directors has authorized a stock repurchase plan on Monday, February 26th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Saturday, March 31st will be issued a dividend of $0.60 per share. The ex-dividend date is Wednesday, March 28th. This represents a $2.40 annualized dividend and a dividend yield of 1.49%. This is a positive change from Willis Towers Watson’s previous quarterly dividend of $0.53. Willis Towers Watson’s dividend payout ratio is currently 45.11%.
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Willis Towers Watson 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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