Cigna Investments Inc. New boosted its stake in Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 21.3% during the second quarter, Holdings Channel reports. The institutional investor owned 4,911 shares of the financial services provider’s stock after buying an additional 863 shares during the period. Cigna Investments Inc. New’s holdings in Willis Towers Watson Public Limited were worth $716,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of WLTW. Teachers Advisors LLC boosted its position in shares of Willis Towers Watson Public Limited by 6.1% in the fourth quarter. Teachers Advisors LLC now owns 25,080 shares of the financial services provider’s stock valued at $3,067,000 after buying an additional 1,453 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Willis Towers Watson Public Limited by 11.1% in the fourth quarter. Macquarie Group Ltd. now owns 3,200 shares of the financial services provider’s stock valued at $391,000 after buying an additional 321 shares in the last quarter. 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 valued at $38,664,000 after buying an additional 58,164 shares in 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 valued at $629,000 after buying an additional 46 shares in the last quarter. Finally, Telemus Capital LLC boosted its position in shares of Willis Towers Watson Public Limited by 24.5% in the first quarter. Telemus Capital LLC now owns 6,679 shares of the financial services provider’s stock valued at $874,000 after buying an additional 1,313 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Willis Towers Watson Public Limited Company (WLTW) opened at 149.14 on Friday. The stock 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 Company has a 52-week low of $112.76 and a 52-week high of $151.02. The stock has a market cap of $20.03 billion, a price-to-earnings ratio of 42.21 and a beta of 0.93.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by $0.03. Willis Towers Watson Public Limited had a return on equity of 10.63% and a net margin of 4.75%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the company posted $1.66 EPS. Willis Towers Watson Public Limited’s quarterly revenue was up .2% compared to the same quarter last year. Analysts expect that Willis Towers Watson Public Limited Company will post $8.43 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a dividend of $0.53 per share. 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 currently 76.81%.

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WLTW has been the topic of several recent analyst reports. Wells Fargo & Company restated a “sell” rating on shares of Willis Towers Watson Public Limited in a report on Thursday, May 4th. Zacks Investment Research upgraded shares of Willis Towers Watson Public Limited from a “sell” rating to a “hold” rating in a report on Monday, May 8th. William Blair reiterated an “outperform” rating on shares of Willis Towers Watson Public Limited in a report on Thursday, May 4th. Jefferies Group LLC lifted their price target on shares of Willis Towers Watson Public Limited from $141.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. Finally, UBS AG reiterated a “buy” rating and issued a $163.00 price target (up previously from $159.00) on shares of Willis Towers Watson Public Limited in a report on Monday, June 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $152.69.

In related news, insider Jeffrey W. Ubben sold 445,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $145.03, for a total transaction of $64,538,350.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Nicolas Aubert sold 3,178 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $144.71, for a total value of $459,888.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,493,178 shares of company stock worth $361,886,138. 6.70% of the stock is owned by corporate 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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