Bank of New York Mellon Corp Acquires 120,887 Shares of Willis Towers Watson Public Limited Company (WLTW)

Bank of New York Mellon Corp raised its position in Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 14.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 929,856 shares of the financial services provider’s stock after buying an additional 120,887 shares during the period. Bank of New York Mellon Corp owned approximately 0.69% of Willis Towers Watson Public Limited worth $135,259,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Teachers Advisors LLC increased its stake in Willis Towers Watson Public Limited by 6.1% in the fourth quarter. Teachers Advisors LLC now owns 25,080 shares of the financial services provider’s stock worth $3,067,000 after buying an additional 1,453 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of Willis Towers Watson Public Limited by 11.1% in the fourth quarter. Macquarie Group Ltd. now owns 3,200 shares of the financial services provider’s stock valued at $391,000 after buying an additional 321 shares during the period. Hartford Investment Management Co. purchased a new stake in shares of Willis Towers Watson Public Limited during the first quarter valued at approximately $3,767,000. Rice Hall James & Associates LLC increased its stake in shares of Willis Towers Watson Public Limited by 4.1% in the first quarter. Rice Hall James & Associates LLC now owns 9,894 shares of the financial services provider’s stock valued at $1,295,000 after buying an additional 393 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of Willis Towers Watson Public Limited by 156.0% in the first quarter. State of Alaska Department of Revenue now owns 7,614 shares of the financial services provider’s stock valued at $996,000 after buying an additional 4,640 shares during the period. 92.48% of the stock is currently owned by hedge funds and other institutional investors.

Willis Towers Watson Public Limited Company (NASDAQ:WLTW) opened at 149.49 on Wednesday. Willis Towers Watson Public Limited Company has a 52 week low of $112.76 and a 52 week high of $152.00. The company has a market cap of $20.07 billion, a PE ratio of 42.31 and a beta of 0.93. The stock has a 50 day moving average of $148.01 and a 200 day moving average of $138.39.

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 for the quarter, missing the 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 analysts’ expectations of $1.95 billion. During the same quarter last year, the business posted $1.66 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts predict that Willis Towers Watson Public Limited Company will post $8.43 EPS for the current fiscal year.

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Several analysts recently commented on WLTW shares. Wells Fargo & Company reissued a “sell” rating on shares of Willis Towers Watson Public Limited in a research report on Thursday, May 4th. Deutsche Bank AG reissued a “sell” rating and set a $130.00 price objective (up from $121.00) on shares of Willis Towers Watson Public Limited in a research report on Wednesday, August 9th. Morgan Stanley reissued an “overweight” rating and set a $160.00 price objective (up from $150.00) on shares of Willis Towers Watson Public Limited in a research report on Friday, July 7th. Barclays PLC increased their price objective on shares of Willis Towers Watson Public Limited from $154.00 to $171.00 and gave the company an “overweight” rating in a research report on Friday, June 30th. Finally, Zacks Investment Research raised shares of Willis Towers Watson Public Limited from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $152.69.

In other Willis Towers Watson Public Limited news, Director Brendan R. Oneill sold 5,000 shares of Willis Towers Watson Public Limited stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $150.92, for a total value of $754,600.00. Following the transaction, the director now directly owns 17,302 shares in the company, valued at approximately $2,611,217.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicolas Aubert sold 3,178 shares of Willis Towers Watson Public Limited stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $144.71, for a total value of $459,888.38. The disclosure for this sale can be found here. Insiders sold a total of 2,205,178 shares of company stock worth $328,244,468 over the last quarter. Company 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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