Willis Towers Watson Public Limited Company (WLTW) Position Reduced by State Treasurer State of Michigan

State Treasurer State of Michigan cut its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 96.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,778 shares of the financial services provider’s stock after selling 984,377 shares during the quarter. State Treasurer State of Michigan’s holdings in Willis Towers Watson Public Limited were worth $6,289,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of WLTW. PGGM Investments acquired a new position in Willis Towers Watson Public Limited in the 3rd quarter valued at $28,936,000. Quantitative Systematic Strategies LLC acquired a new position in Willis Towers Watson Public Limited in the 3rd quarter valued at $1,405,000. W. E. Donoghue & Co. LLC acquired a new position in Willis Towers Watson Public Limited in the 2nd quarter valued at $200,000. Capital Returns Management LLC acquired a new position in Willis Towers Watson Public Limited in the 2nd quarter valued at $15,474,000. Finally, Sentry Investment Management LLC grew its holdings in Willis Towers Watson Public Limited by 10.7% in the 2nd quarter. Sentry Investment Management LLC now owns 34,587 shares of the financial services provider’s stock valued at $5,031,000 after buying an additional 3,353 shares in the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Willis Towers Watson Public Limited Company (NASDAQ WLTW) traded up $0.07 during mid-day trading on Friday, hitting $161.57. The company had a trading volume of 445,700 shares, compared to its average volume of 806,830. The company has a current ratio of 1.97, a quick ratio of 2.25 and a debt-to-equity ratio of 0.45. Willis Towers Watson Public Limited Company has a twelve month low of $119.70 and a twelve month high of $165.00. The company has a market cap of $21,324.27, a P/E ratio of 19.79, a P/E/G ratio of 1.93 and a beta of 0.91.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.01). Willis Towers Watson Public Limited had a negative return on equity of 2.15% and a negative net margin of 2.92%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company earned $1.04 earnings per share. Willis Towers Watson Public Limited’s quarterly revenue was up 4.0% compared to the same quarter last year. analysts anticipate that Willis Towers Watson Public Limited Company will post 8.41 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were given a dividend of $0.53 per share. The ex-dividend date was Thursday, September 28th. This represents a $2.12 annualized dividend and a dividend yield of 1.31%. Willis Towers Watson Public Limited’s dividend payout ratio is currently 81.85%.

In other news, CFO Michael J. Burwell bought 3,100 shares of the company’s stock in a transaction on Monday, November 6th. The stock was purchased at an average cost of $160.10 per share, for a total transaction of $496,310.00. Following the completion of the transaction, the chief financial officer now owns 3,100 shares of the company’s stock, valued at $496,310. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey W. Ubben sold 206,000 shares of the stock in a transaction dated 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. Insiders sold 3,620,295 shares of company stock valued at $545,754,963 over the last quarter. Corporate insiders own 6.70% of the company’s stock.

A number of brokerages have commented on WLTW. Wells Fargo & Company reaffirmed a “sell” rating and issued a $124.00 price objective on shares of Willis Towers Watson Public Limited in a report on Thursday, November 2nd. BidaskClub raised Willis Towers Watson Public Limited from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. ValuEngine raised Willis Towers Watson Public Limited from a “hold” rating to a “buy” rating in a report on Thursday. Deutsche Bank AG reaffirmed a “sell” rating and issued a $130.00 price objective (up from $121.00) on shares of Willis Towers Watson Public Limited in a report on Wednesday, August 9th. Finally, Citigroup Inc. reduced their target price on Willis Towers Watson Public Limited from $174.00 to $173.00 and set a “buy” rating on the stock in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the company. Willis Towers Watson Public Limited presently has an average rating of “Buy” and a consensus target price of $155.80.

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.

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

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