Tokio Marine Asset Management Co. Ltd. reduced its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 87.7% during the second quarter, Holdings Channel reports. The institutional investor owned 1,671 shares of the financial services provider’s stock after selling 11,879 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Willis Towers Watson Public Limited were worth $243,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Bank of Montreal Can boosted its position in shares of Willis Towers Watson Public Limited by 24.5% in the first quarter. Bank of Montreal Can now owns 295,402 shares of the financial services provider’s stock worth $38,664,000 after buying an additional 58,164 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Willis Towers Watson Public Limited by 6.2% in the first quarter. Oppenheimer & Co. Inc. now owns 5,811 shares of the financial services provider’s stock worth $761,000 after buying an additional 340 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of Willis Towers Watson Public Limited by 1.2% in the second quarter. LS Investment Advisors LLC now owns 6,432 shares of the financial services provider’s stock worth $936,000 after buying an additional 79 shares during the last quarter. Atria Investments LLC boosted its position in shares of Willis Towers Watson Public Limited by 1.0% in the first quarter. Atria Investments LLC now owns 4,805 shares of the financial services provider’s stock worth $629,000 after buying an additional 46 shares during the last quarter. Finally, Korea Investment CORP boosted its position in shares of Willis Towers Watson Public Limited by 29,063.2% in the first quarter. Korea Investment CORP now owns 45,203 shares of the financial services provider’s stock worth $5,917,000 after buying an additional 45,048 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Limited Company (NASDAQ WLTW) opened at 149.58 on Tuesday. The company has a market cap of $20.22 billion, a PE ratio of 39.34 and a beta of 0.93. The stock has a 50 day moving average of $147.19 and a 200 day moving average of $136.10. Willis Towers Watson Public Limited Company has a one year low of $112.76 and a one year high of $151.02.

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 for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the company posted $1.66 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts anticipate that Willis Towers Watson Public Limited Company will post $8.46 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $2.12 annualized dividend and a yield of 1.42%. Willis Towers Watson Public Limited’s payout ratio is presently 76.81%.

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WLTW has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $158.00 price target on shares of Willis Towers Watson Public Limited in a research report on Friday, July 14th. Citigroup Inc. increased their price target 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. Jefferies Group LLC reiterated a “buy” rating and set a $165.00 price target on shares of Willis Towers Watson Public Limited in a research report on Friday, June 16th. UBS AG reiterated a “buy” rating and set a $163.00 price target (up from $159.00) on shares of Willis Towers Watson Public Limited in a research report on Monday, June 5th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $166.00 price target on shares of Willis Towers Watson Public Limited in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $152.00.

In related news, insider Nicolas Aubert sold 3,178 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $144.71, for a total transaction of $459,888.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul D. Thomas sold 2,200 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $141.62, for a total value of $311,564.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,450,378 shares of company stock worth $205,839,802 in the last 90 days. 6.70% of the stock is currently owned by insiders.

About Willis Towers Watson Public Limited

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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