Axa reduced its stake in Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 97.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,011 shares of the financial services provider’s stock after selling 308,190 shares during the period. Axa’s holdings in Willis Towers Watson Public Limited were worth $1,020,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Great West Life Assurance Co. Can increased its position in shares of Willis Towers Watson Public Limited by 11.8% during the second quarter. Great West Life Assurance Co. Can now owns 693 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 73 shares in the last quarter. Commonwealth Bank of Australia grew its position 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 worth $100,000 after purchasing an additional 75 shares in the last quarter. Dupont Capital Management Corp bought a new stake in Willis Towers Watson Public Limited in the 2nd quarter worth about $106,000. Advisors Asset Management Inc. grew its position 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 worth $132,000 after purchasing an additional 396 shares in the last quarter. Finally, Financial Architects Inc grew its position 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 worth $187,000 after purchasing an additional 31 shares in the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on WLTW shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $166.00 price objective on shares of Willis Towers Watson Public Limited in a research report on Friday, July 21st. Keefe, Bruyette & Woods restated a “buy” rating and set a $158.00 price target on shares of Willis Towers Watson Public Limited in a research note on Friday, July 14th. Citigroup Inc. upped 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 note on Thursday, July 13th. Jefferies Group LLC restated a “buy” rating and set a $165.00 price target on shares of Willis Towers Watson Public Limited in a research note on Friday, June 16th. Finally, UBS AG restated 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 note on Monday, June 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $154.50.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/24/willis-towers-watson-public-limited-company-wltw-shares-sold-by-axa.html.

In other news, CFO Roger F. Millay sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $149.58, for a total transaction of $2,991,600.00. Following the transaction, the chief financial officer now owns 14,059 shares in the company, valued at approximately $2,102,945.22. 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 206,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $148.02, for a total value of $30,492,120.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,086,000 shares of company stock worth $610,587,219 in the last quarter. Insiders own 6.70% of the company’s stock.

Willis Towers Watson Public Limited Company (NASDAQ:WLTW) opened at 152.71 on Friday. The stock has a 50 day moving average of $152.36 and a 200 day moving average of $152.36. The stock has a market cap of $20.51 billion, a P/E ratio of 43.22 and a beta of 0.94. Willis Towers Watson Public Limited Company has a 12-month low of $112.76 and a 12-month high of $153.80.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last announced its 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 net margin of 4.75% and a return on equity of 10.63%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the business earned $1.66 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, equities research analysts anticipate that Willis Towers Watson Public Limited Company will post $8.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.39%. Willis Towers Watson Public Limited’s dividend payout ratio (DPR) is 76.81%.

Willis Towers Watson Public Limited 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.

Want to see what other hedge funds are holding WLTW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Willis Towers Watson Public Limited Company (NASDAQ:WLTW).

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

Receive News & Ratings for Willis Towers Watson Public Limited Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willis Towers Watson Public Limited Company and related companies with MarketBeat.com's FREE daily email newsletter.