Pineno Levin & Ford Asset Management Inc. Sells 71 Shares of Willis Towers Watson PLC (NASDAQ:WLTW)

Share on StockTwits

Pineno Levin & Ford Asset Management Inc. trimmed its stake in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,709 shares of the financial services provider’s stock after selling 71 shares during the quarter. Willis Towers Watson accounts for about 2.1% of Pineno Levin & Ford Asset Management Inc.’s holdings, making the stock its 17th largest position. Pineno Levin & Ford Asset Management Inc.’s holdings in Willis Towers Watson were worth $5,307,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Willis Towers Watson by 3.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 476,444 shares of the financial services provider’s stock valued at $72,352,000 after acquiring an additional 16,948 shares during the period. Geode Capital Management LLC raised its holdings in shares of Willis Towers Watson by 9.3% in the fourth quarter. Geode Capital Management LLC now owns 1,797,811 shares of the financial services provider’s stock valued at $272,568,000 after buying an additional 153,229 shares during the last quarter. First Hawaiian Bank raised its holdings in shares of Willis Towers Watson by 5,000.0% in the first quarter. First Hawaiian Bank now owns 153 shares of the financial services provider’s stock valued at $27,000 after buying an additional 150 shares during the last quarter. Manning & Napier Group LLC raised its holdings in shares of Willis Towers Watson by 2.2% in the first 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 during the last quarter. Finally, Pennsylvania Trust Co raised its holdings in shares of Willis Towers Watson by 2,882.2% in the first quarter. Pennsylvania Trust Co now owns 56,931 shares of the financial services provider’s stock valued at $3,227,000 after buying an additional 55,022 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

A number of research firms recently issued reports on WLTW. UBS Group lifted their price target on Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Morgan Stanley lifted their price target on Willis Towers Watson from $208.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Wells Fargo & Co reaffirmed a “buy” rating and issued a $220.00 price target on shares of Willis Towers Watson in a report on Wednesday, July 31st. Barclays lifted their price target on Willis Towers Watson from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, July 1st. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $200.00 price target on shares of Willis Towers Watson in a report on Monday, May 6th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $200.58.

NASDAQ:WLTW traded down $3.07 on Monday, hitting $194.15. 13,117 shares of the stock were exchanged, compared to its average volume of 558,186. The firm has a market capitalization of $25.57 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 1.72 and a beta of 0.82. Willis Towers Watson PLC has a 52 week low of $134.50 and a 52 week high of $200.93. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average of $195.07.

Willis Towers Watson (NASDAQ:WLTW) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.02. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.06 billion. Willis Towers Watson had a return on equity of 13.00% and a net margin of 9.86%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.70 EPS. Sell-side analysts predict that Willis Towers Watson PLC will post 10.93 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Sunday, June 30th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $2.60 annualized dividend and a dividend yield of 1.34%. Willis Towers Watson’s payout ratio is currently 26.72%.

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: Quiet Period

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

Receive News & Ratings for Willis Towers Watson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willis Towers Watson and related companies with MarketBeat.com's FREE daily email newsletter.