Cornerstone Wealth Management LLC purchased a new position in shares of Willis Towers Watson PLC (NASDAQ:WLTW) in the second quarter, Holdings Channel reports. The fund purchased 15,669 shares of the financial services provider’s stock, valued at approximately $103,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC boosted its position in shares of Willis Towers Watson by 18.5% during the 4th quarter. LPL Financial LLC now owns 2,464 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 385 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Willis Towers Watson by 3.1% during the 1st quarter. Rhumbline Advisers now owns 223,882 shares of the financial services provider’s stock valued at $34,073,000 after purchasing an additional 6,793 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Willis Towers Watson during the 1st quarter valued at about $332,000. New York State Teachers Retirement System boosted its position in shares of Willis Towers Watson by 1.0% during the 1st quarter. New York State Teachers Retirement System now owns 195,336 shares of the financial services provider’s stock valued at $29,728,000 after purchasing an additional 2,007 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Willis Towers Watson by 1.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 160,463 shares of the financial services provider’s stock valued at $24,370,000 after purchasing an additional 1,965 shares in the last quarter. Institutional investors and hedge funds own 91.90% of the company’s stock.

Shares of NASDAQ:WLTW opened at $148.89 on Friday. The company has a market capitalization of $19.58 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.30 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.29 and a current ratio of 2.29. Willis Towers Watson PLC has a 52-week low of $142.67 and a 52-week high of $165.00.

Willis Towers Watson (NASDAQ:WLTW) last announced its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.70. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Willis Towers Watson had a return on equity of 9.96% and a net margin of 5.65%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 earnings per share. equities research analysts anticipate that Willis Towers Watson PLC will post 9.55 earnings per share for the current year.

Several brokerages recently commented on WLTW. BidaskClub upgraded Willis Towers Watson from a “hold” rating to a “buy” rating in a research report on Tuesday, July 24th. Citigroup upped their target price on Willis Towers Watson from $175.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, July 12th. Wells Fargo & Co set a $154.00 target price on Willis Towers Watson and gave the company a “hold” rating in a research report on Monday, May 7th. Zacks Investment Research lowered Willis Towers Watson from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. Finally, Credit Suisse Group began coverage on Willis Towers Watson in a research report on Tuesday, August 7th. They set a “neutral” rating and a $166.00 target price on the stock. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $173.00.

About Willis Towers Watson

Willis Towers Watson Plc engages in the provision of advisory, broking, and solutions services. It operates through the following segments: Human Capital and Benefits; Corporate Risk and Broking; Investment, Risk and Reinsurance; and Benefits Delivery and Administration. The Human Capital and Benefits segment provides advice, broking, solutions, and software for employee benefit plans, the human resources organization, and the management teams.

Featured Story: Penny Stocks, Risk and Reward Factors

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).

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

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