Willis Towers Watson Public Limited Company (WLTW) Shares Bought by Wilbanks Smith & Thomas Asset Management LLC

Wilbanks Smith & Thomas Asset Management LLC increased its stake in Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,852 shares of the financial services provider’s stock after acquiring an additional 56 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Willis Towers Watson Public Limited were worth $997,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nomura Holdings Inc. acquired a new stake in shares of Willis Towers Watson Public Limited in the second quarter worth approximately $1,401,000. California State Teachers Retirement System acquired a new stake in shares of Willis Towers Watson Public Limited in the second quarter worth approximately $35,213,000. Bank of Nova Scotia boosted its position in shares of Willis Towers Watson Public Limited by 7.0% in the second quarter. Bank of Nova Scotia now owns 3,164 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 206 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Willis Towers Watson Public Limited by 11.5% in the second quarter. The Manufacturers Life Insurance Company now owns 146,127 shares of the financial services provider’s stock worth $21,256,000 after acquiring an additional 15,118 shares during the last quarter. Finally, Southpoint Capital Advisors LP boosted its position in shares of Willis Towers Watson Public Limited by 1.4% in the second quarter. Southpoint Capital Advisors LP now owns 811,585 shares of the financial services provider’s stock worth $118,053,000 after acquiring an additional 11,585 shares during the last quarter. 94.26% of the stock is currently owned by institutional investors and hedge funds.

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In other Willis Towers Watson Public Limited news, insider Jeffrey W. Ubben sold 304,350 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $154.88, for a total transaction of $47,137,728.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey W. Ubben sold 820,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $149.59, for a total value of $122,663,800.00. The disclosure for this sale can be found here. Insiders have sold 4,390,350 shares of company stock valued at $657,724,947 in the last ninety days. Company insiders own 6.70% of the company’s stock.

Willis Towers Watson Public Limited Company (NASDAQ:WLTW) traded down 0.05% during mid-day trading on Tuesday, hitting $154.60. 106,018 shares of the stock were exchanged. The company has a 50 day moving average price of $153.67 and a 200 day moving average price of $153.67. The stock has a market cap of $20.76 billion, a price-to-earnings ratio of 43.76 and a beta of 0.95. Willis Towers Watson Public Limited Company has a 52 week low of $112.76 and a 52 week high of $156.33.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.03). The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. Willis Towers Watson Public Limited had a return on equity of 10.63% and a net margin of 4.75%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 EPS. Analysts expect that Willis Towers Watson Public Limited Company will post $8.43 EPS for the current fiscal year.

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

WLTW has been the topic of several research analyst reports. SunTrust Banks, Inc. reissued a “buy” rating and issued a $182.00 target price on shares of Willis Towers Watson Public Limited in a research report on Friday. Deutsche Bank AG reissued a “sell” rating and issued a $130.00 target price (up from $121.00) on shares of Willis Towers Watson Public Limited in a research report on Wednesday, August 9th. Robert W. Baird reissued a “buy” rating and issued a $167.00 target price on shares of Willis Towers Watson Public Limited in a research report on Tuesday, September 12th. Morgan Stanley reissued an “overweight” rating and issued a $160.00 target price (up from $150.00) on shares of Willis Towers Watson Public Limited in a research report on Friday, July 7th. Finally, William Blair reissued an “outperform” rating on shares of Willis Towers Watson Public Limited in a research report on Monday, August 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $157.43.

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.

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

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