Willis Towers Watson Public Limited Company (WLTW) Shares Sold by Royal Bank of Canada

Royal Bank of Canada lessened its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,561 shares of the financial services provider’s stock after selling 6,514 shares during the quarter. Royal Bank of Canada owned about 0.12% of Willis Towers Watson Public Limited worth $23,209,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Financial Architects Inc boosted its position in shares of Willis Towers Watson Public Limited by 2.5% during the 2nd quarter. Financial Architects Inc now owns 1,284 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 31 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Willis Towers Watson Public Limited by 11.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 693 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 73 shares in the last quarter. Commonwealth Bank of Australia boosted its position in shares of Willis Towers Watson Public Limited by 12.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 694 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 75 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of Willis Towers Watson Public Limited by 1.2% during the 2nd quarter. LS Investment Advisors LLC now owns 6,432 shares of the financial services provider’s stock worth $936,000 after purchasing an additional 79 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Willis Towers Watson Public Limited by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the financial services provider’s stock worth $1,149,000 after purchasing an additional 100 shares in the last quarter. 94.26% of the stock is currently owned by institutional investors.

Willis Towers Watson Public Limited Company (WLTW) opened at 155.95 on Wednesday. The company has a 50-day moving average of $153.77 and a 200 day moving average of $153.77. The company has a market cap of $20.94 billion, a PE ratio of 44.14 and a beta of 0.95. Willis Towers Watson Public Limited Company has a 12 month low of $112.76 and a 12 month high of $156.33.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.03). The firm had revenue of $1.95 billion during 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 company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.66 EPS. On average, equities analysts forecast that Willis Towers Watson Public Limited Company will post $8.43 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be paid a $0.53 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.12 annualized dividend and a dividend yield of 1.36%. Willis Towers Watson Public Limited’s dividend payout ratio is presently 76.81%.

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A number of equities analysts have recently issued reports on the stock. ValuEngine cut shares of Willis Towers Watson Public Limited from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. SunTrust Banks, Inc. reissued a “buy” rating and set a $182.00 price objective on shares of Willis Towers Watson Public Limited in a research report on Friday, October 6th. BidaskClub raised shares of Willis Towers Watson Public Limited from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Robert W. Baird reissued a “buy” rating and set a $167.00 price objective on shares of Willis Towers Watson Public Limited in a research report on Tuesday, September 12th. Finally, Deutsche Bank AG reissued a “sell” rating and set a $130.00 price objective (up previously from $121.00) on shares of Willis Towers Watson Public Limited in a research report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $157.43.

In other news, Director Jeffrey W. Ubben sold 206,000 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Brendan R. Oneill sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $150.92, for a total transaction of $754,600.00. Following the completion of the transaction, the director now owns 17,302 shares in the company, valued at approximately $2,611,217.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,398,468 shares of company stock worth $658,991,761. Insiders own 6.70% of the company’s stock.

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.

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

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