Willis Towers Watson Public Limited Company (WLTW) Shares Sold by Korea Investment CORP

Korea Investment CORP lessened its stake in Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,407 shares of the financial services provider’s stock after selling 4,100 shares during the period. Korea Investment CORP’s holdings in Willis Towers Watson Public Limited were worth $8,083,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WLTW. FIL Ltd raised its position in Willis Towers Watson Public Limited by 490.5% in the 2nd quarter. FIL Ltd now owns 3,884,662 shares of the financial services provider’s stock worth $565,063,000 after purchasing an additional 3,226,785 shares during the last quarter. BlackRock Inc. raised its position in shares of Willis Towers Watson Public Limited by 42.9% during the 2nd quarter. BlackRock Inc. now owns 7,689,587 shares of the financial services provider’s stock valued at $1,118,528,000 after acquiring an additional 2,310,281 shares during the last quarter. Capital Research Global Investors raised its position in shares of Willis Towers Watson Public Limited by 136.4% during the 2nd quarter. Capital Research Global Investors now owns 2,398,314 shares of the financial services provider’s stock valued at $348,859,000 after acquiring an additional 1,383,798 shares during the last quarter. Epoch Investment Partners Inc. bought a new stake in shares of Willis Towers Watson Public Limited during the 2nd quarter valued at $167,911,000. Finally, Harris Associates L P raised its position in shares of Willis Towers Watson Public Limited by 13.0% during the 2nd quarter. Harris Associates L P now owns 8,937,984 shares of the financial services provider’s stock valued at $1,300,119,000 after acquiring an additional 1,027,587 shares during the last quarter. Hedge funds and other institutional investors own 93.55% of the company’s stock.

Several analysts have commented on WLTW shares. Jefferies Group LLC reiterated a “buy” rating and set a $176.00 target price on shares of Willis Towers Watson Public Limited in a research report on Tuesday, September 5th. Stifel Nicolaus reiterated a “buy” rating and set a $166.00 target price on shares of Willis Towers Watson Public Limited in a research report on Friday, July 21st. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $158.00 target price on shares of Willis Towers Watson Public Limited in a research report on Friday, July 14th. Citigroup Inc. upped their target price on shares of Willis Towers Watson Public Limited from $166.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Finally, ValuEngine upgraded shares of Willis Towers Watson Public Limited from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $155.80.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.03). The business 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 net margin of 4.75% and a return on equity of 10.63%. Willis Towers Watson Public Limited’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.66 EPS.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Thursday, September 28th. Willis Towers Watson Public Limited’s dividend payout ratio is presently 76.81%.

WARNING: “Willis Towers Watson Public Limited Company (WLTW) Shares Sold by Korea Investment CORP” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://www.com-unik.info/2017/11/02/willis-towers-watson-public-limited-company-wltw-shares-sold-by-korea-investment-corp.html.

In related news, Director Jeffrey W. Ubben sold 206,000 shares of Willis Towers Watson Public Limited stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $148.02, for a total transaction of $30,492,120.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey W. Ubben sold 820,000 shares of Willis Towers Watson Public Limited stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $149.59, for a total transaction of $122,663,800.00. The disclosure for this sale can be found here. Insiders have sold 4,845,295 shares of company stock valued at $728,949,063 in the last three months. 6.70% of the stock is owned by insiders.

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)

What are top analysts saying about Willis Towers Watson Public Limited Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Willis Towers Watson Public Limited Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit