Korea Investment CORP lessened its position in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 62.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,824 shares of the financial services provider’s stock after selling 11,219 shares during the quarter. Korea Investment CORP’s holdings in Willis Towers Watson were worth $1,036,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WLTW. Great West Life Assurance Co. Can raised its position in Willis Towers Watson by 10.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 850 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 79 shares during the period. JOYN Advisors Inc. grew its stake in shares of Willis Towers Watson by 91.9% in the fourth quarter. JOYN Advisors Inc. now owns 286 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 137 shares in the last quarter. Scotia Capital Inc. grew its stake in shares of Willis Towers Watson by 1.3% in the fourth quarter. Scotia Capital Inc. now owns 10,525 shares of the financial services provider’s stock worth $1,598,000 after acquiring an additional 138 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Willis Towers Watson by 86.2% in the fourth quarter. Bessemer Group Inc. now owns 324 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 150 shares in the last quarter. Finally, Advisor Group Inc. grew its stake in shares of Willis Towers Watson by 21.9% in the fourth quarter. Advisor Group Inc. now owns 931 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 167 shares in the last quarter. 92.18% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Joseph Gunn sold 2,042 shares of the company’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $168.30, for a total value of $343,668.60. Following the completion of the sale, the insider now directly owns 17,264 shares of the company’s stock, valued at $2,905,531.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Adam Garrard sold 3,517 shares of the company’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $171.71, for a total transaction of $603,904.07. Following the completion of the sale, the insider now directly owns 5,542 shares of the company’s stock, valued at $951,616.82. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

NASDAQ WLTW opened at $173.65 on Friday. 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 1 year low of $134.50 and a 1 year high of $187.91. The firm has a market capitalization of $22.04 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 1.29 and a beta of 0.80.

Willis Towers Watson (NASDAQ:WLTW) last released its quarterly earnings data on Thursday, February 7th. The financial services provider reported $4.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.06 by ($0.06). Willis Towers Watson had a net margin of 8.16% and a return on equity of 12.44%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the prior year, the company earned $2.21 EPS. The business’s revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts anticipate that Willis Towers Watson PLC will post 10.69 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Sunday, March 31st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, March 28th. This is an increase from Willis Towers Watson’s previous quarterly dividend of $0.60. Willis Towers Watson’s dividend payout ratio is currently 24.67%.

WLTW has been the subject of several research reports. Goldman Sachs Group upgraded shares of Willis Towers Watson from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $163.00 to $179.00 in a research note on Tuesday, January 8th. Credit Suisse Group restated an “outperform” rating and issued a $178.00 price target (up previously from $166.00) on shares of Willis Towers Watson in a research note on Thursday, December 20th. William Blair reiterated a “market perform” rating on shares of Willis Towers Watson in a research note on Thursday, February 7th. Deutsche Bank upgraded shares of Willis Towers Watson from a “sell” rating to a “hold” rating and boosted their target price for the stock from $149.00 to $164.00 in a research note on Thursday, February 7th. Finally, BidaskClub downgraded shares of Willis Towers Watson from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $175.17.

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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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Institutional Ownership by Quarter for Willis Towers Watson (NASDAQ:WLTW)

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