Canada Pension Plan Investment Board lowered its position in Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 49.3% during the second quarter, Holdings Channel reports. The fund owned 197,919 shares of the financial services provider’s stock after selling 192,205 shares during the period. Canada Pension Plan Investment Board’s holdings in Willis Towers Watson Public Limited were worth $28,789,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Willis Towers Watson Public Limited by 3.5% in the first quarter. Vanguard Group Inc. now owns 12,360,654 shares of the financial services provider’s stock worth $1,617,886,000 after buying an additional 416,476 shares during the last quarter. Harris Associates L P boosted its stake in shares of Willis Towers Watson Public Limited by 27.4% in the first quarter. Harris Associates L P now owns 7,910,397 shares of the financial services provider’s stock worth $1,035,392,000 after buying an additional 1,701,826 shares during the last quarter. State Street Corp boosted its stake in shares of Willis Towers Watson Public Limited by 6.4% in the first quarter. State Street Corp now owns 5,909,317 shares of the financial services provider’s stock worth $773,538,000 after buying an additional 355,310 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Willis Towers Watson Public Limited by 2,106.3% in the first quarter. BlackRock Inc. now owns 5,379,306 shares of the financial services provider’s stock worth $704,098,000 after buying an additional 5,135,491 shares during the last quarter. Finally, Longview Partners Guernsey LTD boosted its stake in shares of Willis Towers Watson Public Limited by 5.1% in the second quarter. Longview Partners Guernsey LTD now owns 5,322,466 shares of the financial services provider’s stock worth $774,206,000 after buying an additional 256,179 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Willis Towers Watson Public Limited Company (NASDAQ WLTW) opened at 149.14 on Friday. The company’s 50-day moving average price is $147.34 and its 200 day moving average price is $137.20. The firm has a market capitalization of $20.03 billion, a price-to-earnings ratio of 42.21 and a beta of 0.93. Willis Towers Watson Public Limited Company has a 52-week low of $112.76 and a 52-week high of $151.02.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.45 EPS for the quarter, missing the Zacks’ consensus estimate of $1.48 by $0.03. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates 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 business’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.66 EPS. Equities research analysts predict that Willis Towers Watson Public Limited Company will post $8.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Wednesday, June 28th. Willis Towers Watson Public Limited’s dividend payout ratio is 76.81%.

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A number of analysts have recently issued reports on WLTW shares. Zacks Investment Research cut Willis Towers Watson Public Limited from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. UBS AG reiterated a “buy” rating and set a $163.00 target price (up previously from $159.00) on shares of Willis Towers Watson Public Limited in a report on Monday, June 5th. Morgan Stanley reiterated an “overweight” rating and set a $160.00 target price (up previously from $150.00) on shares of Willis Towers Watson Public Limited in a report on Friday, July 7th. Citigroup Inc. boosted their target price on Willis Towers Watson Public Limited from $166.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Finally, Wells Fargo & Company reiterated a “sell” rating on shares of Willis Towers Watson Public Limited in a report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $152.69.

In other news, Director Jeffrey W. Ubben sold 120,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $149.76, for a total transaction of $17,971,200.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Roger F. Millay sold 20,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $149.58, for a total value of $2,991,600.00. Following the transaction, the chief financial officer now directly owns 14,059 shares in the company, valued at approximately $2,102,945.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,493,178 shares of company stock worth $361,886,138. 6.70% of the stock is currently owned by 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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