Daiwa Securities Group Inc. increased its stake in Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 5.5% during the second quarter, Holdings Channel reports. The institutional investor owned 3,846 shares of the financial services provider’s stock after buying an additional 200 shares during the period. Daiwa Securities Group Inc.’s holdings in Willis Towers Watson Public Limited were worth $559,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Willis Towers Watson Public Limited by 3.5% in the first quarter. Vanguard Group Inc. now owns 12,360,654 shares of the financial services provider’s stock valued at $1,617,886,000 after buying an additional 416,476 shares in the last quarter. Harris Associates L P increased its stake in shares of Willis Towers Watson Public Limited by 27.4% in the first quarter. Harris Associates L P now owns 7,910,397 shares of the financial services provider’s stock valued at $1,035,392,000 after buying an additional 1,701,826 shares in the last quarter. State Street Corp increased its stake in shares of Willis Towers Watson Public Limited by 6.4% in the first quarter. State Street Corp now owns 5,909,317 shares of the financial services provider’s stock valued at $773,538,000 after buying an additional 355,310 shares in the last quarter. BlackRock Inc. increased its stake in shares of Willis Towers Watson Public Limited by 2,106.3% in the first quarter. BlackRock Inc. now owns 5,379,306 shares of the financial services provider’s stock valued at $704,098,000 after buying an additional 5,135,491 shares in the last quarter. Finally, Longview Partners Guernsey LTD increased its stake in shares of Willis Towers Watson Public Limited by 5.1% in the second quarter. Longview Partners Guernsey LTD now owns 5,322,466 shares of the financial services provider’s stock valued at $774,206,000 after buying an additional 256,179 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Willis Towers Watson Public Limited Company (WLTW) opened at 149.14 on Friday. The firm 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 52 week low of $112.76 and a 52 week high of $151.02. The firm has a 50-day moving average of $147.34 and a 200 day moving average of $137.20.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.45 earnings per share (EPS) 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business earned $1.66 earnings per share. Analysts predict that Willis Towers Watson Public Limited Company will post $8.43 earnings per share for the current year.

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

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WLTW has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Willis Towers Watson Public Limited from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. 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 report on Monday, June 5th. 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 report on Friday, July 7th. Citigroup Inc. lifted their target price on shares of Willis Towers Watson Public Limited from $166.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Finally, Wells Fargo & Company reaffirmed a “sell” rating on shares of Willis Towers Watson Public Limited in a report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $152.69.

In other Willis Towers Watson Public Limited news, insider Jeffrey W. Ubben sold 820,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $149.59, for a total value of $122,663,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey W. Ubben sold 120,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $149.76, for a total value of $17,971,200.00. The disclosure for this sale can be found here. Insiders sold 2,493,178 shares of company stock worth $361,886,138 over the last quarter. 6.70% of the stock is currently owned by company insiders.

Willis Towers Watson Public Limited Company 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.

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

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