Cypress Capital Management LLC lessened its position in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 60.5% in the third quarter, HoldingsChannel reports. The firm owned 3,916 shares of the financial services provider’s stock after selling 6,000 shares during the period. Cypress Capital Management LLC’s holdings in Willis Towers Watson were worth $552,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. American International Group Inc. lifted its stake in Willis Towers Watson by 5.1% in the 3rd quarter. American International Group Inc. now owns 51,948 shares of the financial services provider’s stock valued at $7,322,000 after purchasing an additional 2,510 shares during the last quarter. CI Investments Inc. lifted its stake in Willis Towers Watson by 0.5% in the 3rd quarter. CI Investments Inc. now owns 264,532 shares of the financial services provider’s stock valued at $37,283,000 after purchasing an additional 1,344 shares during the last quarter. Gluskin Sheff & Assoc Inc. lifted its stake in Willis Towers Watson by 32.2% in the 3rd quarter. Gluskin Sheff & Assoc Inc. now owns 397,102 shares of the financial services provider’s stock valued at $55,968,000 after purchasing an additional 96,803 shares during the last quarter. AXA lifted its stake in Willis Towers Watson by 24.8% in the 3rd quarter. AXA now owns 7,041 shares of the financial services provider’s stock valued at $992,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Norinchukin Bank The lifted its stake in Willis Towers Watson by 12.7% in the 3rd quarter. Norinchukin Bank The now owns 9,251 shares of the financial services provider’s stock valued at $1,304,000 after purchasing an additional 1,039 shares during the last quarter. Hedge funds and other institutional investors own 91.78% of the company’s stock.

Shares of WLTW stock opened at $156.73 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $20.82 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 1.37 and a beta of 0.74. Willis Towers Watson PLC has a 12-month low of $134.50 and a 12-month high of $164.99.

Willis Towers Watson (NASDAQ:WLTW) last issued its quarterly earnings data on Friday, November 2nd. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.21. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Willis Towers Watson had a net margin of 6.84% and a return on equity of 10.15%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $1.12 earnings per share. On average, sell-side analysts anticipate that Willis Towers Watson PLC will post 9.82 EPS for the current fiscal year.

In other Willis Towers Watson news, insider Todd J. Jones sold 2,450 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $155.56, for a total transaction of $381,122.00. Following the completion of the sale, the insider now directly owns 17,864 shares in the company, valued at $2,778,923.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Garrard sold 1,830 shares of Willis Towers Watson stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $146.77, for a total transaction of $268,589.10. Following the completion of the sale, the insider now owns 13,739 shares of the company’s stock, valued at $2,016,473.03. The disclosure for this sale can be found here. Insiders have sold 14,280 shares of company stock valued at $2,251,211 over the last 90 days. Company insiders own 0.50% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Willis Towers Watson from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, November 14th. Zacks Investment Research downgraded shares of Willis Towers Watson from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research note on Saturday, November 17th. Raymond James raised their target price on shares of Willis Towers Watson from $175.00 to $180.00 and gave the company a “strong-buy” rating in a research note on Tuesday, November 6th. BidaskClub upgraded shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a research note on Wednesday, November 7th. Finally, Wells Fargo & Co raised their target price on shares of Willis Towers Watson from $155.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday, November 5th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $173.64.

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About Willis Towers Watson

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. Its Human Capital and Benefits segment provides actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services.

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

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