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Oppenheimer & Co. Inc. Acquires New Stake in Willis Towers Watson PLC (WLTW)

Oppenheimer & Co. Inc. acquired a new position in Willis Towers Watson PLC (NASDAQ:WLTW) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,299 shares of the financial services provider’s stock, valued at approximately $228,000.

Other institutional investors also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can lifted its position in shares of Willis Towers Watson by 10.2% during the 4th quarter. Great West Life Assurance Co. Can now owns 850 shares of the financial services provider’s stock valued at $129,000 after buying an additional 79 shares in the last quarter. Manning & Napier Group LLC lifted its position in shares of Willis Towers Watson by 2.2% during the 1st quarter. Manning & Napier Group LLC now owns 4,735 shares of the financial services provider’s stock valued at $831,000 after buying an additional 100 shares in the last quarter. Oakbrook Investments LLC lifted its position in shares of Willis Towers Watson by 0.8% during the 1st quarter. Oakbrook Investments LLC now owns 13,099 shares of the financial services provider’s stock valued at $2,301,000 after buying an additional 100 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Willis Towers Watson by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 5,762 shares of the financial services provider’s stock valued at $875,000 after buying an additional 101 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Willis Towers Watson by 0.3% during the 1st quarter. State of Alaska Department of Revenue now owns 33,062 shares of the financial services provider’s stock valued at $5,805,000 after buying an additional 106 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Get Willis Towers Watson alerts: In other Willis Towers Watson news, insider Joseph Gunn sold 2,042 shares of the firm’s stock in a transaction on Monday, February 11th. The stock was 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 approximately $2,905,531.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, insider Adam Garrard sold 3,517 shares of the firm’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $171.71, for a total value 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 . Over the last three months, insiders sold 6,669 shares of company stock valued at $1,147,761. 0.75% of the stock is owned by corporate insiders.

WLTW has been the topic of a number of recent analyst reports. Wells Fargo & Co increased their target price on Willis Towers Watson from $160.00 to $164.00 and gave the company a “market perform” rating in a research report on Tuesday, April 2nd. BidaskClub lowered Willis Towers Watson from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 14th. Deutsche Bank upgraded Willis Towers Watson from a “sell” rating to a “hold” rating and increased their target price for the company from $149.00 to $164.00 in a research report on Thursday, February 7th. Zacks Investment Research lowered Willis Towers Watson from a “buy” rating to a “hold” rating in a research report on Saturday, January 12th. Finally, William Blair reiterated a “market perform” rating on shares of Willis Towers Watson in a research report on Thursday, February 7th. One investment analyst has issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $187.62.

NASDAQ WLTW opened at $176.65 on Friday. Willis Towers Watson PLC has a one year low of $134.50 and a one year high of $187.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.20 and a quick ratio of 1.86. The firm has a market capitalization of $22.62 billion, a P/E ratio of 18.16, a PEG ratio of 1.53 and a beta of 0.81.

Willis Towers Watson (NASDAQ:WLTW) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $2.98 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.99 by ($0.01). Willis Towers Watson had a net margin of 8.99% and a return on equity of 12.89%. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period in the prior year, the company posted $2.71 earnings per share. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, sell-side analysts forecast that Willis Towers Watson PLC will post 10.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were paid a $0.65 dividend. This is an increase from Willis Towers Watson’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Thursday, March 28th. Willis Towers Watson’s dividend payout ratio is currently 26.72%.

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Willis Towers Watson Company Profile

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company's Human Capital and Benefits segment offers 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.

Further Reading: Hedge Funds – Risk or Reward?

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