State Street Corp Increases Holdings in Willis Towers Watson Public Limited Company (WLTW)

State Street Corp raised its position in Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 6.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 6,263,346 shares of the financial services provider’s stock after acquiring an additional 354,029 shares during the period. State Street Corp owned approximately 4.66% of Willis Towers Watson Public Limited worth $911,068,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in WLTW. BlackRock Inc. grew its stake in Willis Towers Watson Public Limited by 2,106.3% in the first quarter. BlackRock Inc. now owns 5,379,306 shares of the financial services provider’s stock valued at $704,098,000 after acquiring an additional 5,135,491 shares during the period. FIL Ltd grew its stake in Willis Towers Watson Public Limited by 490.5% in the second quarter. FIL Ltd now owns 3,884,662 shares of the financial services provider’s stock valued at $565,063,000 after acquiring an additional 3,226,785 shares during the period. Capital Research Global Investors grew its stake in Willis Towers Watson Public Limited by 136.4% in the second quarter. Capital Research Global Investors now owns 2,398,314 shares of the financial services provider’s stock valued at $348,859,000 after acquiring an additional 1,383,798 shares during the period. Epoch Investment Partners Inc. acquired a new stake in Willis Towers Watson Public Limited in the second quarter valued at approximately $167,911,000. Finally, Harris Associates L P grew its stake in Willis Towers Watson Public Limited by 13.0% in the second quarter. Harris Associates L P now owns 8,937,984 shares of the financial services provider’s stock valued at $1,300,119,000 after acquiring an additional 1,027,587 shares during the period. 94.26% of the stock is owned by hedge funds and other institutional investors.

Shares of Willis Towers Watson Public Limited Company (NASDAQ WLTW) traded up 0.05% on Monday, hitting $155.09. The company had a trading volume of 44,586 shares. Willis Towers Watson Public Limited Company has a 52 week low of $112.76 and a 52 week high of $156.33. The firm’s 50 day moving average price is $153.62 and its 200-day moving average price is $153.62. The stock has a market capitalization of $20.83 billion, a PE ratio of 43.90 and a beta of 0.95.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $1.45 EPS 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 business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the business posted $1.66 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. Analysts forecast that Willis Towers Watson Public Limited Company will post $8.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be paid a dividend of $0.53 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.12 annualized dividend and a yield of 1.37%. Willis Towers Watson Public Limited’s dividend payout ratio is 76.81%.

In other Willis Towers Watson Public Limited news, insider Jeffrey W. Ubben sold 820,000 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $149.59, for a total transaction of $122,663,800.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey W. Ubben sold 206,000 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $148.02, for a total value of $30,492,120.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,390,350 shares of company stock worth $657,724,947. Company insiders own 6.70% of the company’s stock.

A number of equities research analysts have commented on WLTW shares. Jefferies Group LLC reissued a “buy” rating and issued a $165.00 price objective on shares of Willis Towers Watson Public Limited in a research note on Friday, June 16th. Barclays PLC raised their price objective on Willis Towers Watson Public Limited from $154.00 to $171.00 and gave the company an “overweight” rating in a research note on Friday, June 30th. Morgan Stanley reissued an “overweight” rating and issued a $160.00 price objective (up previously from $150.00) on shares of Willis Towers Watson Public Limited in a research note on Friday, July 7th. Deutsche Bank AG reissued a “sell” rating and issued a $121.00 price objective on shares of Willis Towers Watson Public Limited in a research note on Monday, July 10th. Finally, Zacks Investment Research cut Willis Towers Watson Public Limited from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Willis Towers Watson Public Limited currently has a consensus rating of “Buy” and an average price target of $157.43.

TRADEMARK VIOLATION WARNING: This story was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/09/state-street-corp-increases-holdings-in-willis-towers-watson-public-limited-company-wltw.html.

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A number of other institutional investors have also recently made changes to their positions in WLTW. BlackRock Inc. grew its stake in Willis Towers Watson Public Limited by 2,106.3% in the first quarter. BlackRock Inc. now owns 5,379,306 shares of the financial services provider’s stock valued at $704,098,000 after acquiring an additional 5,135,491 shares during the period. FIL Ltd grew its stake in Willis Towers Watson Public Limited by 490.5% in the second quarter. FIL Ltd now owns 3,884,662 shares of the financial services provider’s stock valued at $565,063,000 after acquiring an additional 3,226,785 shares during the period. Capital Research Global Investors grew its stake in Willis Towers Watson Public Limited by 136.4% in the second quarter. Capital Research Global Investors now owns 2,398,314 shares of the financial services provider’s stock valued at $348,859,000 after acquiring an additional 1,383,798 shares during the period. Epoch Investment Partners Inc. acquired a new stake in Willis Towers Watson Public Limited in the second quarter valued at approximately $167,911,000. Finally, Harris Associates L P grew its stake in Willis Towers Watson Public Limited by 13.0% in the second quarter. Harris Associates L P now owns 8,937,984 shares of the financial services provider’s stock valued at $1,300,119,000 after acquiring an additional 1,027,587 shares during the period. 94.26% of the stock is owned by hedge funds and other institutional investors.

Shares of Willis Towers Watson Public Limited Company (NASDAQ WLTW) traded up 0.05% on Monday, hitting $155.09. The company had a trading volume of 44,586 shares. Willis Towers Watson Public Limited Company has a 52 week low of $112.76 and a 52 week high of $156.33. The firm’s 50 day moving average price is $153.62 and its 200-day moving average price is $153.62. The stock has a market capitalization of $20.83 billion, a PE ratio of 43.90 and a beta of 0.95.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $1.45 EPS 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 business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the business posted $1.66 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. Analysts forecast that Willis Towers Watson Public Limited Company will post $8.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be paid a dividend of $0.53 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.12 annualized dividend and a yield of 1.37%. Willis Towers Watson Public Limited’s dividend payout ratio is 76.81%.

In other Willis Towers Watson Public Limited news, insider Jeffrey W. Ubben sold 820,000 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $149.59, for a total transaction of $122,663,800.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey W. Ubben sold 206,000 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $148.02, for a total value of $30,492,120.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,390,350 shares of company stock worth $657,724,947. Company insiders own 6.70% of the company’s stock.

A number of equities research analysts have commented on WLTW shares. Jefferies Group LLC reissued a “buy” rating and issued a $165.00 price objective on shares of Willis Towers Watson Public Limited in a research note on Friday, June 16th. Barclays PLC raised their price objective on Willis Towers Watson Public Limited from $154.00 to $171.00 and gave the company an “overweight” rating in a research note on Friday, June 30th. Morgan Stanley reissued an “overweight” rating and issued a $160.00 price objective (up previously from $150.00) on shares of Willis Towers Watson Public Limited in a research note on Friday, July 7th. Deutsche Bank AG reissued a “sell” rating and issued a $121.00 price objective on shares of Willis Towers Watson Public Limited in a research note on Monday, July 10th. Finally, Zacks Investment Research cut Willis Towers Watson Public Limited from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Willis Towers Watson Public Limited currently has a consensus rating of “Buy” and an average price target of $157.43.

TRADEMARK VIOLATION WARNING: This story was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/09/state-street-corp-increases-holdings-in-willis-towers-watson-public-limited-company-wltw.html.

Willis Towers Watson Public Limited 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 Public Limited (NASDAQ:WLTW)

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