Diamond Hill Capital Management Inc. reduced its position in Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 45.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,085,280 shares of the financial services provider’s stock after selling 918,223 shares during the period. Diamond Hill Capital Management Inc. owned about 0.80% of Willis Towers Watson Public Limited worth $157,865,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the company. Financial Architects Inc increased its stake in Willis Towers Watson Public Limited by 170.6% in the first quarter. Financial Architects Inc now owns 1,253 shares of the financial services provider’s stock worth $164,000 after buying an additional 790 shares during the period. Vivaldi Capital Management LLC bought a new stake in Willis Towers Watson Public Limited during the first quarter worth approximately $228,000. Bellwether Investment Group LLC increased its stake in shares of Willis Towers Watson Public Limited by 14.4% in the first quarter. Bellwether Investment Group LLC now owns 2,070 shares of the financial services provider’s stock worth $271,000 after buying an additional 261 shares during the last quarter. Conning Inc. increased its stake in shares of Willis Towers Watson Public Limited by 1.4% in the first quarter. Conning Inc. now owns 2,250 shares of the financial services provider’s stock worth $295,000 after buying an additional 30 shares during the last quarter. Finally, Garrison Financial Corp acquired a new stake in shares of Willis Towers Watson Public Limited during the first quarter worth about $297,000. 92.48% of the stock is owned by institutional investors and hedge funds.
Shares of Willis Towers Watson Public Limited Company (NASDAQ WLTW) opened at 148.05 on Friday. The firm has a 50-day moving average of $147.86 and a 200 day moving average of $137.87. Willis Towers Watson Public Limited Company has a 52 week low of $112.76 and a 52 week high of $152.00. The stock has a market cap of $19.88 billion, a PE ratio of 41.90 and a beta of 0.93.
Willis Towers Watson Public Limited (NASDAQ:WLTW) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by $0.03. Willis Towers Watson Public Limited had a net margin of 4.75% and a return on equity of 10.63%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the business earned $1.66 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts forecast that Willis Towers Watson Public Limited Company will post $8.43 EPS for the current fiscal year.
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A number of brokerages have recently issued reports on WLTW. UBS AG reissued a “buy” rating and set a $163.00 price objective (up previously from $159.00) on shares of Willis Towers Watson Public Limited in a research report on Monday, June 5th. Citigroup Inc. cut their price objective on shares of Willis Towers Watson Public Limited from $174.00 to $173.00 and set a “buy” rating for the company in a research report on Monday, August 7th. Stifel Nicolaus reissued a “buy” rating and set a $175.00 price objective on shares of Willis Towers Watson Public Limited in a research report on Friday, August 4th. Deutsche Bank AG restated a “sell” rating and set a $130.00 target price (up previously from $121.00) on shares of Willis Towers Watson Public Limited in a research note on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $158.00 target price on shares of Willis Towers Watson Public Limited in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $152.69.
In other news, insider Nicolas Aubert sold 3,178 shares of Willis Towers Watson Public Limited stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $144.71, for a total value of $459,888.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Brendan R. Oneill sold 5,000 shares of Willis Towers Watson Public Limited stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $150.92, for a total transaction of $754,600.00. Following the completion of the sale, the director now owns 17,302 shares in the company, valued at approximately $2,611,217.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,099,178 shares of company stock worth $312,445,168. Company insiders own 6.70% of the company’s stock.
About Willis Towers Watson Public Limited
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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