Korea Investment CORP Buys 11,304 Shares of Willis Towers Watson Public Limited Company (NASDAQ:WLTW)

Korea Investment CORP increased its stake in Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 25.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,507 shares of the financial services provider’s stock after buying an additional 11,304 shares during the period. Korea Investment CORP’s holdings in Willis Towers Watson Public Limited were worth $8,220,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Telemus Capital LLC increased its position in Willis Towers Watson Public Limited by 8.2% in the second quarter. Telemus Capital LLC now owns 7,229 shares of the financial services provider’s stock valued at $1,052,000 after buying an additional 550 shares during the last quarter. Mawer Investment Management Ltd. increased its position in Willis Towers Watson Public Limited by 28.1% in the second quarter. Mawer Investment Management Ltd. now owns 948,628 shares of the financial services provider’s stock valued at $137,987,000 after buying an additional 208,365 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Willis Towers Watson Public Limited by 5.5% in the second quarter. Daiwa Securities Group Inc. now owns 3,846 shares of the financial services provider’s stock valued at $559,000 after buying an additional 200 shares during the last quarter. Great West Life Assurance Co. Can increased its position in Willis Towers Watson Public Limited by 11.8% in the second quarter. Great West Life Assurance Co. Can now owns 693 shares of the financial services provider’s stock valued at $100,000 after buying an additional 73 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Willis Towers Watson Public Limited by 21.7% in the second quarter. Janney Montgomery Scott LLC now owns 4,961 shares of the financial services provider’s stock valued at $722,000 after buying an additional 886 shares during the last quarter. 92.06% of the stock is owned by institutional investors.

Shares of Willis Towers Watson Public Limited Company (NASDAQ:WLTW) opened at 149.24 on Thursday. Willis Towers Watson Public Limited Company has a 12-month low of $112.76 and a 12-month high of $151.02. The firm has a market cap of $20.18 billion, a PE ratio of 39.25 and a beta of 0.93. The stock’s 50 day moving average price is $147.24 and its 200 day moving average price is $136.96.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by $0.03. Willis Towers Watson Public Limited had a net margin of 4.75% and a return on equity of 10.63%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the firm earned $1.66 earnings per share. Willis Towers Watson Public Limited’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts predict that Willis Towers Watson Public Limited Company will post $8.46 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Wednesday, June 28th. Willis Towers Watson Public Limited’s dividend payout ratio (DPR) is currently 76.81%.

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Several research firms have weighed in on WLTW. Deutsche Bank AG reissued a “sell” rating and set a $130.00 price target (up previously from $121.00) on shares of Willis Towers Watson Public Limited in a research report on Wednesday. Citigroup Inc. dropped their price target on Willis Towers Watson Public Limited from $174.00 to $173.00 and set a “buy” rating for the company in a research report on Monday. Stifel Nicolaus reissued a “buy” rating and set a $175.00 price target on shares of Willis Towers Watson Public Limited in a research report on Friday, August 4th. Wells Fargo & Company reissued a “sell” rating on shares of Willis Towers Watson Public Limited in a research report on Thursday, August 3rd. Finally, Zacks Investment Research raised Willis Towers Watson Public Limited from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $152.69.

In other Willis Towers Watson Public Limited news, insider Nicolas Aubert sold 3,178 shares of the business’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $144.71, for a total transaction of $459,888.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey W. Ubben sold 1,000,000 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $140.53, for a total transaction of $140,530,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,493,178 shares of company stock worth $361,886,138. Company insiders own 6.70% of the company’s stock.

About Willis Towers Watson Public Limited

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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