New York State Teachers Retirement System raised its position in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 192,956 shares of the company’s stock after buying an additional 1,425 shares during the period. New York State Teachers Retirement System’s holdings in Willis Towers Watson PLC were worth $23,986,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of WLTW. Park Avenue Institutional Advisers LLC purchased a new stake in Willis Towers Watson PLC during the first quarter worth $103,000. Magnetar Financial LLC purchased a new stake in Willis Towers Watson PLC during the first quarter worth $226,000. Pennsylvania Trust Co purchased a new stake in Willis Towers Watson PLC during the second quarter worth $241,000. Ladenburg Thalmann Financial Services Inc. purchased a new stake in Willis Towers Watson PLC during the first quarter worth $230,000. Finally, Bancorpsouth Inc. purchased a new stake in Willis Towers Watson PLC during the first quarter worth $269,000. 91.13% of the stock is owned by institutional investors.

Shares of Willis Towers Watson PLC (NASDAQ:WLTW) traded down 0.94% during trading on Friday, reaching $123.95. 1,847,159 shares of the company’s stock traded hands. The stock has a market cap of $17.11 billion, a P/E ratio of 31.82 and a beta of 0.83. Willis Towers Watson PLC has a one year low of $104.11 and a one year high of $129.70. The company has a 50 day moving average price of $123.34 and a 200-day moving average price of $122.76.

Willis Towers Watson PLC (NASDAQ:WLTW) last released its quarterly earnings results on Friday, August 5th. The company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.01. The business earned $1.98 billion during the quarter, compared to analyst estimates of $1.98 billion. Willis Towers Watson PLC had a net margin of 6.71% and a return on equity of 11.66%. The firm’s revenue was up 114.2% on a year-over-year basis. On average, equities research analysts expect that Willis Towers Watson PLC will post $7.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Wednesday, September 28th. Willis Towers Watson PLC’s payout ratio is 53.25%.

A number of research firms have weighed in on WLTW. Janney Montgomery Scott lowered shares of Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a research note on Friday, June 24th. Citigroup Inc. restated a “buy” rating and set a $148.00 price objective (up from $136.00) on shares of Willis Towers Watson PLC in a research note on Tuesday, June 21st. Jefferies Group reduced their price objective on shares of Willis Towers Watson PLC from $147.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, August 8th. Deutsche Bank AG restated a “hold” rating and set a $122.00 price objective on shares of Willis Towers Watson PLC in a research note on Tuesday, June 28th. Finally, Langen Mcalenn lowered shares of Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a research note on Friday, June 24th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Willis Towers Watson PLC currently has a consensus rating of “Hold” and an average price target of $112.50.

In other Willis Towers Watson PLC news, insider Nicolas Aubert sold 3,149 shares of the stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $126.65, for a total transaction of $398,820.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anna C. Catalano sold 390 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $122.00, for a total transaction of $47,580.00. The disclosure for this sale can be found here. Company insiders own 6.40% of the company’s stock.

About Willis Towers Watson PLC

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.

5 Day Chart for NASDAQ:WLTW

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 PLC (NASDAQ:WLTW).

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