Goldman Sachs Group Inc. raised its stake in Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 17.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 677,595 shares of the financial services provider’s stock after purchasing an additional 99,666 shares during the quarter. Goldman Sachs Group Inc. owned 0.50% of Willis Towers Watson Public Limited worth $98,563,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in WLTW. BlackRock Inc. increased its stake in shares of Willis Towers Watson Public Limited by 2,106.3% during the first quarter. BlackRock Inc. now owns 5,379,306 shares of the financial services provider’s stock worth $704,098,000 after acquiring an additional 5,135,491 shares during the period. FIL Ltd raised its holdings in Willis Towers Watson Public Limited by 490.5% during the second 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 in the last quarter. Epoch Investment Partners Inc. purchased a new position in Willis Towers Watson Public Limited during the second quarter worth about $167,911,000. Harris Associates L P raised its holdings in Willis Towers Watson Public Limited by 13.0% during the second quarter. Harris Associates L P now owns 8,937,984 shares of the financial services provider’s stock worth $1,300,119,000 after purchasing an additional 1,027,587 shares in the last quarter. Finally, FMR LLC raised its holdings in Willis Towers Watson Public Limited by 38.9% during the first quarter. FMR LLC now owns 2,261,668 shares of the financial services provider’s stock worth $296,030,000 after purchasing an additional 633,495 shares in the last quarter. Institutional investors own 94.38% of the company’s stock.

Willis Towers Watson Public Limited Company (NASDAQ:WLTW) traded down 0.61% during mid-day trading on Wednesday, reaching $153.94. The company’s stock had a trading volume of 60,783 shares. The firm has a 50 day moving average price of $153.37 and a 200-day moving average price of $153.37. Willis Towers Watson Public Limited Company has a 1-year low of $112.76 and a 1-year high of $156.14. The company has a market capitalization of $20.67 billion, a PE ratio of 43.57 and a beta of 0.95.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.45 EPS for the quarter, missing the Zacks’ 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 company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the business earned $1.66 EPS. Willis Towers Watson Public Limited’s revenue was up .2% compared to the same quarter last year. On average, equities analysts predict that Willis Towers Watson Public Limited Company will post $8.43 EPS for the current fiscal year.

The company 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 $0.53 dividend. 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 dividend payout ratio (DPR) is 76.81%.

A number of brokerages have weighed in on WLTW. Deutsche Bank AG reaffirmed a “sell” rating and issued a $130.00 price objective (up previously from $121.00) on shares of Willis Towers Watson Public Limited in a report on Wednesday, August 9th. Robert W. Baird reiterated a “buy” rating and set 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 set a $160.00 target price (up from $150.00) on shares of Willis Towers Watson Public Limited in a research note on Friday, July 7th. William Blair reissued an “outperform” rating on shares of Willis Towers Watson Public Limited in a research note on Monday, August 21st. Finally, Wells Fargo & Company reissued a “sell” rating on shares of Willis Towers Watson Public Limited in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Willis Towers Watson Public Limited presently has a consensus rating of “Buy” and a consensus price target of $154.50.

ILLEGAL ACTIVITY WARNING: “Goldman Sachs Group Inc. Has $98.56 Million Holdings in Willis Towers Watson Public Limited Company (WLTW)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/10/04/goldman-sachs-group-inc-has-98-56-million-holdings-in-willis-towers-watson-public-limited-company-wltw.html.

In other news, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey W. Ubben sold 304,350 shares of Willis Towers Watson Public Limited stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $154.88, for a total value of $47,137,728.00. The disclosure for this sale can be found here. Insiders sold 4,390,350 shares of company stock valued at $657,724,947 over the last 90 days. 6.70% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding WLTW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Willis Towers Watson Public Limited Company (NASDAQ:WLTW).

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

Receive News & Stock Ratings for Willis Towers Watson Public Limited Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willis Towers Watson Public Limited Company and related stocks with our FREE daily email newsletter.