Franklin Resources Inc. trimmed its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 41.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 562,594 shares of the financial services provider’s stock after selling 396,294 shares during the quarter. Franklin Resources Inc. owned approximately 0.42% of Willis Towers Watson Public Limited worth $81,835,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of WLTW. Great West Life Assurance Co. Can grew its holdings in Willis Towers Watson Public Limited by 11.8% in the 2nd 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. Commonwealth Bank of Australia grew its holdings in Willis Towers Watson Public Limited by 12.1% in the 2nd quarter. Commonwealth Bank of Australia now owns 694 shares of the financial services provider’s stock valued at $100,000 after buying an additional 75 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in Willis Towers Watson Public Limited in the 2nd quarter valued at $106,000. Advisors Asset Management Inc. grew its holdings in Willis Towers Watson Public Limited by 77.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 909 shares of the financial services provider’s stock valued at $132,000 after buying an additional 396 shares in the last quarter. Finally, Financial Architects Inc grew its holdings in Willis Towers Watson Public Limited by 2.5% in the 2nd quarter. Financial Architects Inc now owns 1,284 shares of the financial services provider’s stock valued at $187,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

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Willis Towers Watson Public Limited Company (NASDAQ:WLTW) opened at 152.61 on Wednesday. The firm has a market cap of $20.49 billion, a price-to-earnings ratio of 43.20 and a beta of 0.94. Willis Towers Watson Public Limited Company has a 52 week low of $112.76 and a 52 week high of $153.25. The stock has a 50 day moving average price of $151.53 and a 200 day moving average price of $132.40.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last released its 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 company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. Willis Towers Watson Public Limited had a net margin of 4.75% and a return on equity of 10.63%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.66 EPS. Equities research analysts expect that Willis Towers Watson Public Limited Company will post $8.43 EPS for the current year.

In other Willis Towers Watson Public Limited news, Director Jeffrey W. Ubben sold 85,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $149.78, for a total transaction of $12,731,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey W. Ubben sold 105,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $151.27, for a total transaction of $15,883,350.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,851,652 shares of company stock valued at $574,890,781. Corporate insiders own 6.70% of the company’s stock.

WLTW has been the subject of several analyst reports. Deutsche Bank AG restated a “sell” rating and issued a $121.00 target price on shares of Willis Towers Watson Public Limited in a report on Monday, July 10th. Stifel Nicolaus restated a “buy” rating and issued a $166.00 target price on shares of Willis Towers Watson Public Limited in a report on Friday, July 21st. Morgan Stanley restated 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. Barclays PLC upped their target price on Willis Towers Watson Public Limited from $154.00 to $171.00 and gave the company an “overweight” rating in a report on Friday, June 30th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $165.00 target price on shares of Willis Towers Watson Public Limited in a report on Friday, June 16th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the stock. Willis Towers Watson Public Limited currently has a consensus rating of “Buy” and an average price target of $154.50.

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.

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

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