Oppenheimer & Co. Inc. Cuts Position in Willis Towers Watson Public Limited Company (WLTW)

Oppenheimer & Co. Inc. reduced its position in Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,611 shares of the financial services provider’s stock after selling 200 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Willis Towers Watson Public Limited were worth $816,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. raised its position in Willis Towers Watson Public Limited by 363.6% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,550 shares of the financial services provider’s stock valued at $1,774,000 after purchasing an additional 10,627 shares during the period. LS Investment Advisors LLC raised its position in Willis Towers Watson Public Limited by 1.2% in the second quarter. LS Investment Advisors LLC now owns 6,432 shares of the financial services provider’s stock valued at $936,000 after purchasing an additional 79 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in Willis Towers Watson Public Limited in the second quarter valued at about $23,343,000. Caisse DE Depot ET Placement DU Quebec raised its position in Willis Towers Watson Public Limited by 37.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 15,769 shares of the financial services provider’s stock valued at $2,066,000 after purchasing an additional 4,300 shares during the period. Finally, State Street Corp raised its position in 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 valued at $773,538,000 after purchasing an additional 355,310 shares during the period. 94.38% of the stock is currently owned by institutional investors and hedge funds.

In other Willis Towers Watson Public Limited news, insider Jeffrey W. Ubben sold 491,652 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $148.59, for a total transaction of $73,054,570.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey W. Ubben sold 85,000 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $149.78, for a total transaction of $12,731,300.00. The disclosure for this sale can be found here. Insiders sold 3,851,652 shares of company stock valued at $574,890,781 in the last three months. Company insiders own 6.70% of the company’s stock.

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Several research analysts have commented on WLTW shares. Deutsche Bank AG reissued a “sell” rating and issued a $130.00 price objective (up from $121.00) on shares of Willis Towers Watson Public Limited in a research report on Wednesday, August 9th. Morgan Stanley reissued an “overweight” rating and issued a $160.00 price objective (up from $150.00) on shares of Willis Towers Watson Public Limited in a research report on Friday, July 7th. William Blair reissued an “outperform” rating on shares of Willis Towers Watson Public Limited in a research report on Monday, August 21st. Wells Fargo & Company reissued a “sell” rating on shares of Willis Towers Watson Public Limited in a research report on Thursday, August 3rd. Finally, Barclays PLC raised their price objective on Willis Towers Watson Public Limited from $154.00 to $171.00 and gave the company an “overweight” rating in a research report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $153.54.

Willis Towers Watson Public Limited Company (NASDAQ WLTW) opened at 151.53 on Tuesday. The firm has a 50-day moving average price of $148.89 and a 200-day moving average price of $140.69. Willis Towers Watson Public Limited Company has a 52 week low of $112.76 and a 52 week high of $153.25. The firm has a market capitalization of $20.35 billion, a P/E ratio of 42.89 and a beta of 0.94.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by $0.03. Willis Towers Watson Public Limited had a return on equity of 10.63% and a net margin of 4.75%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the company earned $1.66 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts forecast that Willis Towers Watson Public Limited Company will post $8.43 EPS for the current year.

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.

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

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