State of Wisconsin Investment Board increased its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 71.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,440 shares of the financial services provider’s stock after buying an additional 46,712 shares during the period. State of Wisconsin Investment Board owned approximately 0.08% of Willis Towers Watson Public Limited worth $16,356,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in WLTW. Dupont Capital Management Corp bought a new stake in Willis Towers Watson Public Limited during the second quarter valued at $106,000. Advisors Asset Management Inc. raised its stake in Willis Towers Watson Public Limited by 77.2% in the second quarter. Advisors Asset Management Inc. now owns 909 shares of the financial services provider’s stock valued at $132,000 after buying an additional 396 shares in the last quarter. Rhumbline Advisers raised its stake in Willis Towers Watson Public Limited by 75.1% in the second quarter. Rhumbline Advisers now owns 203,071 shares of the financial services provider’s stock valued at $29,539,000 after buying an additional 87,078 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Willis Towers Watson Public Limited during the second quarter valued at $23,343,000. Finally, Rice Hall James & Associates LLC raised its stake in Willis Towers Watson Public Limited by 29.8% in the second quarter. Rice Hall James & Associates LLC now owns 12,845 shares of the financial services provider’s stock valued at $1,868,000 after buying an additional 2,951 shares in the last quarter. Institutional investors own 92.48% of the company’s stock.
Willis Towers Watson Public Limited Company (NASDAQ WLTW) opened at 148.44 on Monday. The stock has a 50 day moving average price of $147.91 and a 200 day moving average price of $138.03. The firm has a market capitalization of $19.93 billion, a P/E ratio of 42.02 and a beta of 0.93. Willis Towers Watson Public Limited Company has a one year low of $112.76 and a one year high of $152.00.
Willis Towers Watson Public Limited (NASDAQ:WLTW) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by $0.03. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. Willis Towers Watson Public Limited had a return on equity of 10.63% and a net margin of 4.75%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.66 EPS. On average, equities analysts predict that Willis Towers Watson Public Limited Company will post $8.43 EPS for the current fiscal year.
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Several equities research analysts have recently weighed in on the company. Deutsche Bank AG reiterated a “sell” rating and issued a $130.00 price objective (up from $121.00) on shares of Willis Towers Watson Public Limited in a research note on Wednesday, August 9th. Citigroup Inc. lowered their price objective on Willis Towers Watson Public Limited from $174.00 to $173.00 and set a “buy” rating on the stock in a research note on Monday, August 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 price objective on shares of Willis Towers Watson Public Limited in a research note on Friday, August 4th. Wells Fargo & Company reiterated a “sell” rating on shares of Willis Towers Watson Public Limited in a research note on Thursday, August 3rd. Finally, Zacks Investment Research upgraded Willis Towers Watson Public Limited from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $152.69.
In other Willis Towers Watson Public Limited news, insider Jeffrey W. Ubben sold 820,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $149.59, for a total transaction of $122,663,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey W. Ubben sold 105,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $151.27, for a total transaction of $15,883,350.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,099,178 shares of company stock worth $312,445,168. Insiders own 6.70% of the company’s stock.
Willis Towers Watson Public Limited Company 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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