Oregon Public Employees Retirement Fund Reduced Holding in Willis Towers Watson PLC (WLTW)

Oregon Public Employees Retirement Fund Reduced Holding in Willis Towers Watson PLC (WLTW)

Oregon Public Employees Retirement Fund lowered its stake in Willis Towers Watson PLC (NASDAQ:WLTW) by 2.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,239 shares of the financial services provider’s stock after selling 287 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Willis Towers Watson were worth $2,162,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Integrated Investment Consultants LLC grew its stake in Willis Towers Watson by 10.9% in the 4th quarter. Integrated Investment Consultants LLC now owns 1,775 shares of the financial services provider’s stock valued at $270,000 after buying an additional 175 shares during the last quarter. We Are One Seven LLC acquired a new position in shares of Willis Towers Watson during the 4th quarter worth approximately $32,000. Nissay Asset Management Corp Japan ADV grew its position in shares of Willis Towers Watson by 2.4% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 9,778 shares of the financial services provider’s stock worth $1,485,000 after purchasing an additional 225 shares in the last quarter. Tradition Capital Management LLC grew its position in shares of Willis Towers Watson by 0.7% during the 4th quarter. Tradition Capital Management LLC now owns 37,764 shares of the financial services provider’s stock worth $5,734,000 after purchasing an additional 255 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Willis Towers Watson by 5.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 6,432 shares of the financial services provider’s stock worth $977,000 after purchasing an additional 319 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

A number of brokerages have issued reports on WLTW. Deutsche Bank upgraded shares of Willis Towers Watson from a “sell” rating to a “hold” rating and increased their target price for the stock from $149.00 to $164.00 in a research report on Thursday. William Blair restated a “market perform” rating on shares of Willis Towers Watson in a research report on Thursday. Morgan Stanley increased their target price on shares of Willis Towers Watson from $171.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, November 14th. Zacks Investment Research upgraded shares of Willis Towers Watson from a “hold” rating to a “buy” rating and set a $176.00 target price on the stock in a research report on Saturday, December 1st. Finally, BidaskClub upgraded shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a research report on Wednesday, November 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $176.69.

In other news, insider Julie Jarecke Gebauer sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $160.15, for a total transaction of $1,601,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicolas Aubert sold 16,762 shares of the firm’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $160.00, for a total transaction of $2,681,920.00. Following the transaction, the insider now directly owns 25,482 shares of the company’s stock, valued at approximately $4,077,120. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

NASDAQ:WLTW traded up $5.05 on Friday, hitting $167.82. The company had a trading volume of 988,298 shares, compared to its average volume of 625,580. The company has a market cap of $21.81 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 1.25 and a beta of 0.74. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.86. Willis Towers Watson PLC has a 52 week low of $134.50 and a 52 week high of $167.99.

Willis Towers Watson (NASDAQ:WLTW) last issued its quarterly earnings data on Thursday, February 7th. The financial services provider reported $4.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.06 by ($0.06). The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. Willis Towers Watson had a net margin of 8.16% and a return on equity of 12.44%. Willis Towers Watson’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.21 EPS. As a group, analysts expect that Willis Towers Watson PLC will post 10.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.43%. The ex-dividend date was Friday, December 28th. Willis Towers Watson’s payout ratio is 24.67%.

Willis Towers Watson Profile

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. Its Human Capital and Benefits segment provides 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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