Pekin Singer Strauss Asset Management IL cut its stake in Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 5.7% during the second quarter, Holdings Channel reports. The institutional investor owned 41,984 shares of the financial services provider’s stock after selling 2,539 shares during the period. Willis Towers Watson Public Limited accounts for about 1.0% of Pekin Singer Strauss Asset Management IL’s investment portfolio, making the stock its 23rd largest position. Pekin Singer Strauss Asset Management IL’s holdings in Willis Towers Watson Public Limited were worth $6,107,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WLTW. Great West Life Assurance Co. Can increased its position in shares of Willis Towers Watson Public Limited by 11.8% in the second quarter. Great West Life Assurance Co. Can now owns 693 shares of the financial services provider’s stock valued at $100,000 after buying an additional 73 shares in the last quarter. Financial Architects Inc increased its position in shares of Willis Towers Watson Public Limited by 170.6% in the first quarter. Financial Architects Inc now owns 1,253 shares of the financial services provider’s stock valued at $164,000 after buying an additional 790 shares in the last quarter. Vivaldi Capital Management LLC acquired a new position in shares of Willis Towers Watson Public Limited during the first quarter valued at approximately $228,000. Bellwether Investment Group LLC increased its position in shares of Willis Towers Watson Public Limited by 14.4% in the first quarter. Bellwether Investment Group LLC now owns 2,070 shares of the financial services provider’s stock valued at $271,000 after buying an additional 261 shares in the last quarter. Finally, Cornerstone Investment Partners LLC increased its position in shares of Willis Towers Watson Public Limited by 10.3% in the second quarter. Cornerstone Investment Partners LLC now owns 2,205 shares of the financial services provider’s stock valued at $321,000 after buying an additional 205 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors.

Shares of Willis Towers Watson Public Limited Company (NASDAQ WLTW) opened at 149.14 on Friday. The company has a market capitalization of $20.03 billion, a PE ratio of 42.21 and a beta of 0.93. Willis Towers Watson Public Limited Company has a 12 month low of $112.76 and a 12 month high of $151.02. The firm has a 50-day moving average price of $147.34 and a 200-day moving average price of $137.20.

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. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. Willis Towers Watson Public Limited had a return on equity of 10.63% and a net margin of 4.75%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.66 earnings per share. On average, equities research analysts predict that Willis Towers Watson Public Limited Company will post $8.43 EPS for the current year.

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

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Several brokerages have commented on WLTW. UBS AG reaffirmed a “buy” rating and issued 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. Stifel Nicolaus reaffirmed a “buy” rating and issued a $175.00 price target on shares of Willis Towers Watson Public Limited in a research report on Friday, August 4th. Citigroup Inc. lowered their price objective on Willis Towers Watson Public Limited from $174.00 to $173.00 and set a “buy” rating on the stock in a research report on Monday, August 7th. Deutsche Bank AG restated a “sell” rating and set a $130.00 price objective (up from $121.00) on shares of Willis Towers Watson Public Limited in a research report on Wednesday. Finally, Zacks Investment Research upgraded Willis Towers Watson Public Limited from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $152.69.

In other Willis Towers Watson Public Limited news, insider Nicolas Aubert sold 3,178 shares of the firm’s 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 the SEC website. Also, Director Jeffrey W. Ubben sold 85,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $149.78, for a total value of $12,731,300.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,493,178 shares of company stock worth $361,886,138. Corporate insiders own 6.70% of the company’s stock.

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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