Mitsubishi UFJ Asset Management Co. Ltd. Has $59.58 Million Holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Willis Towers Watson by 14.2% during Q1, owning 176,299 shares valued at $59.58 million.
• Willis Towers Watson reported a quarterly revenue of $2.26 billion and earnings per share of $2.86, exceeding analyst expectations.
• The company recently declared a quarterly dividend of $0.92 per share, reflecting an annualized yield of 1.1% with a payout ratio of 252.05%.

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 14.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 176,299 shares of the company's stock after buying an additional 21,960 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.18% of Willis Towers Watson Public worth $59,580,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC boosted its holdings in Willis Towers Watson Public by 13.7% in the first quarter. Headlands Technologies LLC now owns 18,606 shares of the company's stock valued at $6,288,000 after acquiring an additional 2,246 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Willis Towers Watson Public by 5.9% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,260 shares of the company's stock valued at $426,000 after purchasing an additional 70 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Willis Towers Watson Public by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 607,773 shares of the company's stock worth $205,397,000 after buying an additional 3,087 shares during the period. ASR Vermogensbeheer N.V. bought a new stake in shares of Willis Towers Watson Public during the first quarter worth approximately $3,182,000. Finally, Greykasell Wealth Strategies Inc. acquired a new position in Willis Towers Watson Public in the first quarter valued at approximately $159,000. 93.09% of the stock is owned by institutional investors.

Insider Transactions at Willis Towers Watson Public

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,600 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $315.75, for a total value of $505,200.00. Following the sale, the chief financial officer owned 11,982 shares in the company, valued at approximately $3,783,316.50. The trade was a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.32% of the company's stock.

Willis Towers Watson Public Stock Up 0.4%

WTW stock traded up $1.32 during mid-day trading on Monday, hitting $329.17. 652,951 shares of the company were exchanged, compared to its average volume of 658,281. The firm has a market cap of $32.11 billion, a P/E ratio of 225.46, a P/E/G ratio of 2.80 and a beta of 0.67. Willis Towers Watson Public Limited Company has a 1-year low of $274.00 and a 1-year high of $344.14. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.90 and a current ratio of 1.90. The firm's 50 day simple moving average is $307.54 and its 200 day simple moving average is $316.49.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $2.86 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.21. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.23 billion. Willis Towers Watson Public had a net margin of 1.40% and a return on equity of 21.60%. The firm's quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the business posted $2.55 earnings per share. On average, sell-side analysts predict that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, June 30th. Willis Towers Watson Public's dividend payout ratio (DPR) is currently 252.05%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WTW. Wells Fargo & Company decreased their price objective on Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Barclays cut their price target on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating on the stock in a research report on Monday, July 7th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Willis Towers Watson Public from $371.00 to $366.00 and set an "outperform" rating for the company in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $367.11.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.