Willis Towers Watson Public Limited Company (NASDAQ:WLTW) Position Lowered by First Manhattan Co.

First Manhattan Co. cut its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 4.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 3,330 shares of the financial services provider’s stock after selling 151 shares during the period. First Manhattan Co.’s holdings in Willis Towers Watson Public Limited were worth $484,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can boosted its stake in Willis Towers Watson Public Limited by 24.5% in the first quarter. Bank of Montreal Can now owns 295,402 shares of the financial services provider’s stock valued at $38,664,000 after buying an additional 58,164 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Willis Towers Watson Public Limited by 363.6% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,550 shares of the financial services provider’s stock valued at $1,774,000 after buying an additional 10,627 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Willis Towers Watson Public Limited by 6.2% in the first quarter. Oppenheimer & Co. Inc. now owns 5,811 shares of the financial services provider’s stock valued at $761,000 after buying an additional 340 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of Willis Towers Watson Public Limited by 1.2% in the second quarter. LS Investment Advisors LLC now owns 6,432 shares of the financial services provider’s stock valued at $936,000 after buying an additional 79 shares during the last quarter. Finally, Atria Investments LLC raised its stake in shares of Willis Towers Watson Public Limited by 1.0% in the first quarter. Atria Investments LLC now owns 4,805 shares of the financial services provider’s stock valued at $629,000 after buying an additional 46 shares during the last quarter. 92.48% of the stock is currently owned by institutional investors.

Shares of Willis Towers Watson Public Limited Company (NASDAQ WLTW) traded up 0.26% during trading on Friday, reaching $148.44. 571,736 shares of the company’s stock traded hands. The company has a market cap of $19.93 billion, a price-to-earnings ratio of 42.02 and a beta of 0.93. Willis Towers Watson Public Limited Company has a 52-week low of $112.76 and a 52-week high of $152.00. The company’s 50-day moving average is $147.91 and its 200 day moving average is $138.03.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last announced 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 firm 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 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. Equities analysts forecast that Willis Towers Watson Public Limited Company will post $8.43 EPS for the current year.

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Several brokerages have issued reports on WLTW. UBS AG reiterated a “buy” rating and issued 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. Citigroup Inc. decreased their price target on shares of 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. Deutsche Bank AG reiterated a “sell” rating and issued a $130.00 price target (up previously from $121.00) on shares of Willis Towers Watson Public Limited in a research note on Wednesday, August 9th. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 price objective on shares of Willis Towers Watson Public Limited in a report on Friday, August 4th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $158.00 price objective on shares of Willis Towers Watson Public Limited in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $152.69.

In other Willis Towers Watson Public Limited news, Director Jeffrey W. Ubben sold 105,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $151.27, for a total value of $15,883,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicolas Aubert sold 3,178 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was 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 2,099,178 shares of company stock worth $312,445,168 in the last quarter. 6.70% of the stock is owned by insiders.

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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