CIBC Asset Management Inc cut its holdings in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 7.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,354 shares of the financial services provider’s stock after selling 723 shares during the period. CIBC Asset Management Inc’s holdings in Willis Towers Watson were worth $1,410,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Advisor Group Inc. increased its position in shares of Willis Towers Watson by 30.2% in the 2nd quarter. Advisor Group Inc. now owns 699 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 162 shares during the last quarter. FNY Managed Accounts LLC purchased a new stake in shares of Willis Towers Watson in the 4th quarter valued at approximately $149,000. W. E. Donoghue & Co. LLC purchased a new stake in shares of Willis Towers Watson in the 2nd quarter valued at approximately $200,000. Dean Capital Investments Management LLC purchased a new stake in shares of Willis Towers Watson in the 4th quarter valued at approximately $201,000. Finally, Capital Wealth Planning LLC purchased a new stake in shares of Willis Towers Watson in the 3rd quarter valued at approximately $204,000. Institutional investors own 94.25% of the company’s stock.

Willis Towers Watson PLC (WLTW) opened at $152.14 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.82 and a quick ratio of 1.97. The company has a market cap of $20,103.78, a price-to-earnings ratio of 36.40, a P/E/G ratio of 1.49 and a beta of 0.90. Willis Towers Watson PLC has a 52-week low of $120.87 and a 52-week high of $165.00.

Willis Towers Watson (NASDAQ:WLTW) last posted its earnings results on Thursday, February 8th. The financial services provider reported $2.21 EPS for the quarter, beating the Zacks’ consensus estimate of $2.11 by $0.10. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.99 billion. Willis Towers Watson had a net margin of 6.93% and a return on equity of 11.25%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $1.88 EPS. research analysts predict that Willis Towers Watson PLC will post 9.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Sunday, December 31st were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Thursday, December 28th. Willis Towers Watson’s dividend payout ratio (DPR) is 50.72%.

WLTW has been the topic of a number of recent analyst reports. Robert W. Baird reissued a “buy” rating and issued a $167.00 price objective on shares of Willis Towers Watson in a research report on Friday, November 3rd. ValuEngine raised shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Wells Fargo & Co reissued a “sell” rating and issued a $124.00 price objective on shares of Willis Towers Watson in a research report on Thursday, November 2nd. Barclays reissued a “buy” rating and issued a $172.00 price objective on shares of Willis Towers Watson in a research report on Tuesday, January 9th. Finally, Goldman Sachs Group initiated coverage on shares of Willis Towers Watson in a research report on Monday, December 4th. They issued a “sell” rating and a $153.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. Willis Towers Watson has a consensus rating of “Buy” and a consensus price target of $166.75.

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Willis Towers Watson Profile

Willis Towers Watson Public Limited Company (Willis Towers Watson) is a holding company. The Company operates as a global advisory, broking and solutions company. It is engaged in offering risk management, insurance broking, consulting, technology and solutions, and private exchanges. The Company operates through eight segments: Willis International; Willis North America; Willis Capital, Wholesale & Reinsurance (CWR); Willis GB; Towers Watson Benefits; Towers Watson Exchange Solutions; Towers Watson Risk and Financial Services; and Towers Watson Talent and Rewards.

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

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