British Columbia Investment Management Corp reduced its stake in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 8.2% during the third quarter, Holdings Channel reports. The fund owned 57,796 shares of the company’s stock after selling 5,191 shares during the period. British Columbia Investment Management Corp’s holdings in Willis Towers Watson PLC were worth $7,674,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of WLTW. New York State Teachers Retirement System raised its stake in shares of Willis Towers Watson PLC by 0.7% in the second quarter. New York State Teachers Retirement System now owns 192,956 shares of the company’s stock worth $23,986,000 after buying an additional 1,425 shares in the last quarter. Longview Partners Guernsey LTD purchased a new stake in shares of Willis Towers Watson PLC during the second quarter worth about $631,334,000. Hosking Partners LLP raised its stake in shares of Willis Towers Watson PLC by 15.2% in the second quarter. Hosking Partners LLP now owns 209,797 shares of the company’s stock worth $26,080,000 after buying an additional 27,694 shares in the last quarter. AXA purchased a new stake in shares of Willis Towers Watson PLC during the second quarter worth about $32,321,000. Finally, Seven Bridges Advisors LLC raised its stake in shares of Willis Towers Watson PLC by 17.2% in the second quarter. Seven Bridges Advisors LLC now owns 9,978 shares of the company’s stock worth $1,240,000 after buying an additional 1,462 shares in the last quarter. 88.65% of the stock is currently owned by institutional investors.

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

Shares of Willis Towers Watson PLC (NASDAQ:WLTW) traded up 0.10% during midday trading on Wednesday, reaching $124.50. The company’s stock had a trading volume of 347,953 shares. Willis Towers Watson PLC has a 52 week low of $104.11 and a 52 week high of $133.40. The firm’s 50 day moving average is $124.80 and its 200 day moving average is $125.03. The firm has a market capitalization of $17.02 billion, a price-to-earnings ratio of 59.43 and a beta of 0.80.

Willis Towers Watson PLC (NASDAQ:WLTW) last announced its earnings results on Friday, November 4th. The company reported $1.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.02. Willis Towers Watson PLC had a return on equity of 10.23% and a net margin of 3.66%. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the previous year, the firm posted $0.56 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. Equities analysts forecast that Willis Towers Watson PLC will post $7.69 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Saturday, December 31st will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.54%. The ex-dividend date is Wednesday, December 28th. Willis Towers Watson PLC’s dividend payout ratio is currently 114.29%.

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A number of research firms have weighed in on WLTW. Credit Suisse Group AG set a $108.00 price objective on Willis Towers Watson PLC and gave the stock a “hold” rating in a research note on Monday, September 12th. Deutsche Bank AG lowered Willis Towers Watson PLC from a “hold” rating to a “sell” rating and set a $122.00 price objective on the stock. in a research note on Wednesday, October 19th. Jefferies Group reissued a “buy” rating and set a $140.00 price objective on shares of Willis Towers Watson PLC in a research note on Tuesday, September 20th. Wells Fargo & Co. reissued a “sell” rating on shares of Willis Towers Watson PLC in a research note on Friday, September 30th. Finally, Barclays PLC reissued an “overweight” rating and set a $148.00 price objective on shares of Willis Towers Watson PLC in a research note on Monday, September 26th. Four analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $127.64.

In related news, General Counsel Matthew Furman sold 387 shares of the business’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $117.18, for a total value of $45,348.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph Gunn sold 446 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $117.18, for a total value of $52,262.28. The disclosure for this sale can be found here. 6.40% of the stock is owned by corporate insiders.

About Willis Towers Watson PLC

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.

5 Day Chart for NASDAQ:WLTW

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