Nicholas Company Inc. reduced its position in Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 44.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,432 shares of the financial services provider’s stock after selling 68,808 shares during the quarter. Nicholas Company Inc. owned approximately 0.06% of Willis Towers Watson Public Limited worth $12,717,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. lifted its position in Willis Towers Watson Public Limited by 42.9% in the second quarter. BlackRock Inc. now owns 7,689,587 shares of the financial services provider’s stock worth $1,118,528,000 after purchasing an additional 2,310,281 shares during the period. Captrust Financial Advisors bought a new position in Willis Towers Watson Public Limited in the second quarter worth $493,000. Norinchukin Bank The lifted its position in Willis Towers Watson Public Limited by 12.1% in the second quarter. Norinchukin Bank The now owns 5,019 shares of the financial services provider’s stock worth $730,000 after purchasing an additional 542 shares during the period. Ameriprise Financial Inc. lifted its position in Willis Towers Watson Public Limited by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 35,274 shares of the financial services provider’s stock worth $5,132,000 after purchasing an additional 102 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its position in Willis Towers Watson Public Limited by 1,609.8% in the second quarter. TIAA CREF Investment Management LLC now owns 383,806 shares of the financial services provider’s stock worth $55,828,000 after purchasing an additional 361,358 shares during the period. 94.38% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Limited Company (WLTW) traded up 0.47% on Friday, reaching $153.14. The company’s stock had a trading volume of 1,884,757 shares. The company has a 50-day moving average price of $152.52 and a 200 day moving average price of $142.39. The company has a market cap of $20.56 billion, a P/E ratio of 43.35 and a beta of 0.94. Willis Towers Watson Public Limited Company has a 12 month low of $112.76 and a 12 month high of $153.80.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last released its earnings results on Thursday, August 3rd. The financial services provider reported $1.45 earnings per share 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 net margin of 4.75% and a return on equity of 10.63%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 earnings per share. On average, equities research analysts anticipate that Willis Towers Watson Public Limited Company will post $8.43 EPS for the current fiscal year.

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In other news, insider Jeffrey W. Ubben sold 820,000 shares of the company’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey W. Ubben sold 193,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $152.31, for a total value of $29,395,830.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,044,652 shares of company stock valued at $604,286,611. Corporate insiders own 6.70% of the company’s stock.

WLTW has been the subject of several research reports. UBS AG reaffirmed a “buy” rating and issued a $163.00 target price (up from $159.00) on shares of Willis Towers Watson Public Limited in a research report on Monday, June 5th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $165.00 target price on shares of Willis Towers Watson Public Limited in a research report on Friday, June 16th. Barclays PLC raised their target price on Willis Towers Watson Public Limited from $154.00 to $171.00 and gave the stock an “overweight” rating in a research report on Friday, June 30th. Morgan Stanley reaffirmed 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, Deutsche Bank AG reaffirmed a “sell” rating and issued a $121.00 target price on shares of Willis Towers Watson Public Limited in a research report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. Willis Towers Watson Public Limited presently has an average rating of “Buy” and a consensus price target of $154.50.

Willis Towers Watson Public Limited 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)

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