Willis Towers Watson Public Limited Company (NASDAQ:WLTW) Stake Cut by Oxbow Advisors LLC

Oxbow Advisors LLC reduced its position in Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,856 shares of the financial services provider’s stock after selling 344 shares during the period. Oxbow Advisors LLC’s holdings in Willis Towers Watson Public Limited were worth $1,725,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of WLTW. Vanguard Group Inc. increased its position in shares of Willis Towers Watson Public Limited by 3.5% in the first quarter. Vanguard Group Inc. now owns 12,360,654 shares of the financial services provider’s stock worth $1,617,886,000 after buying an additional 416,476 shares during the period. Harris Associates L P increased its position in shares of Willis Towers Watson Public Limited by 27.4% in the first quarter. Harris Associates L P now owns 7,910,397 shares of the financial services provider’s stock worth $1,035,392,000 after buying an additional 1,701,826 shares during the period. State Street Corp increased its position in shares of Willis Towers Watson Public Limited by 6.4% in the first quarter. State Street Corp now owns 5,909,317 shares of the financial services provider’s stock worth $773,538,000 after buying an additional 355,310 shares during the period. BlackRock Inc. raised 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 buying an additional 5,135,491 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in Willis Towers Watson Public Limited by 8.0% in the first quarter. First Eagle Investment Management LLC now owns 3,805,409 shares of the financial services provider’s stock valued at $498,090,000 after buying an additional 281,867 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Willis Towers Watson Public Limited Company (NASDAQ WLTW) opened at 149.14 on Friday. The company has a 50 day moving average of $147.34 and a 200 day moving average of $137.20. Willis Towers Watson Public Limited Company has a 52-week low of $112.76 and a 52-week high of $151.02. The company has a market capitalization of $20.03 billion, a PE ratio of 42.21 and a beta of 0.93.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last posted its quarterly 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 company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the business posted $1.66 EPS. Willis Towers Watson Public Limited’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts forecast that Willis Towers Watson Public Limited Company will post $8.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a $0.53 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $2.12 annualized dividend and a dividend yield of 1.42%. Willis Towers Watson Public Limited’s dividend payout ratio is presently 76.81%.

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Several analysts have recently weighed in on WLTW shares. Zacks Investment Research lowered shares of Willis Towers Watson Public Limited from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. UBS AG restated a “buy” rating and set a $163.00 price target (up previously from $159.00) on shares of Willis Towers Watson Public Limited in a research note on Monday, June 5th. Morgan Stanley restated an “overweight” rating and set a $160.00 price target (up previously from $150.00) on shares of Willis Towers Watson Public Limited in a research note on Friday, July 7th. Citigroup Inc. boosted their price target on shares of Willis Towers Watson Public Limited from $166.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Finally, Wells Fargo & Company reaffirmed a “sell” rating on shares of Willis Towers Watson Public Limited in a report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. Willis Towers Watson Public Limited presently has an average rating of “Buy” and an average target price of $152.69.

In other Willis Towers Watson Public Limited news, insider Jeffrey W. Ubben sold 1,000,000 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $140.53, for a total transaction of $140,530,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Roger F. Millay sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $149.58, for a total value of $2,991,600.00. Following the sale, the chief financial officer now directly owns 14,059 shares of the company’s stock, valued at approximately $2,102,945.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,493,178 shares of company stock valued at $361,886,138. 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.

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

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