Sentry Investment Management LLC Acquires 3,474 Shares of Willis Towers Watson PLC (WLTW)

Sentry Investment Management LLC grew its holdings in Willis Towers Watson PLC (NASDAQ:WLTW) by 11.9% during the 3rd quarter, Holdings Channel reports. The fund owned 32,733 shares of the financial services provider’s stock after purchasing an additional 3,474 shares during the period. Sentry Investment Management LLC’s holdings in Willis Towers Watson were worth $4,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in WLTW. United Services Automobile Association lifted its stake in shares of Willis Towers Watson by 22.2% in the 2nd quarter. United Services Automobile Association now owns 247,481 shares of the financial services provider’s stock valued at $37,518,000 after purchasing an additional 44,900 shares during the period. Raymond James & Associates lifted its stake in shares of Willis Towers Watson by 0.3% in the 2nd quarter. Raymond James & Associates now owns 253,777 shares of the financial services provider’s stock valued at $38,473,000 after purchasing an additional 813 shares during the period. Glen Harbor Capital Management LLC lifted its stake in shares of Willis Towers Watson by 8.3% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 5,096 shares of the financial services provider’s stock valued at $773,000 after purchasing an additional 392 shares during the period. Royal London Asset Management Ltd. acquired a new position in shares of Willis Towers Watson in the 2nd quarter valued at $7,843,000. Finally, Strs Ohio lifted its stake in shares of Willis Towers Watson by 1.9% in the 2nd quarter. Strs Ohio now owns 155,836 shares of the financial services provider’s stock valued at $23,624,000 after purchasing an additional 2,836 shares during the period. 92.89% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:WLTW opened at $160.35 on Friday. The company has a quick ratio of 2.29, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. The firm has a market cap of $20.10 billion, a price-to-earnings ratio of 18.84, a P/E/G ratio of 1.34 and a beta of 0.74. Willis Towers Watson PLC has a fifty-two week low of $134.50 and a fifty-two week high of $164.99.

Willis Towers Watson (NASDAQ:WLTW) last posted its quarterly earnings data on Friday, November 2nd. The financial services provider reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.21. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Willis Towers Watson had a net margin of 6.84% and a return on equity of 10.15%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 earnings per share. As a group, equities research analysts predict that Willis Towers Watson PLC will post 9.77 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Sunday, September 30th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Thursday, September 27th. Willis Towers Watson’s dividend payout ratio is presently 28.20%.

Several equities analysts recently issued reports on WLTW shares. Morgan Stanley decreased their target price on shares of Willis Towers Watson from $175.00 to $171.00 and set an “overweight” rating for the company in a research note on Friday, August 3rd. BidaskClub upgraded shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a research note on Wednesday. Credit Suisse Group started coverage on shares of Willis Towers Watson in a research note on Tuesday, August 7th. They issued a “neutral” rating and a $166.00 target price for the company. Zacks Investment Research cut shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Finally, ValuEngine cut shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Three analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $172.85.

In other Willis Towers Watson news, insider Adam Garrard sold 1,830 shares of the company’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $146.77, for a total transaction of $268,589.10. Following the completion of the transaction, the insider now directly owns 13,739 shares in the company, valued at $2,016,473.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Todd J. Jones sold 2,450 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $155.56, for a total transaction of $381,122.00. Following the transaction, the insider now owns 17,864 shares of the company’s stock, valued at $2,778,923.84. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

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Willis Towers Watson Company 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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