Scharf Investments LLC Reduces Position in Willis Towers Watson Public Limited Company (WLTW)

Scharf Investments LLC lessened its stake in Willis Towers Watson Public Limited Company (NASDAQ:WLTW) by 2.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 691,931 shares of the financial services provider’s stock after selling 17,284 shares during the period. Willis Towers Watson Public comprises approximately 2.6% of Scharf Investments LLC’s portfolio, making the stock its 21st largest position. Scharf Investments LLC owned 0.52% of Willis Towers Watson Public worth $106,716,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Commonwealth Bank of Australia increased its stake in shares of Willis Towers Watson Public by 12.1% during the second quarter. Commonwealth Bank of Australia now owns 694 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 75 shares during the period. Great West Life Assurance Co. Can grew its position in Willis Towers Watson Public by 11.8% during the second quarter. Great West Life Assurance Co. Can now owns 693 shares of the financial services provider’s stock worth $100,000 after buying an additional 73 shares during the period. Advisor Group Inc. grew its position in Willis Towers Watson Public by 30.2% during the second quarter. Advisor Group Inc. now owns 699 shares of the financial services provider’s stock worth $101,000 after buying an additional 162 shares during the period. Dupont Capital Management Corp acquired a new position in Willis Towers Watson Public during the second quarter worth about $106,000. Finally, Advisors Asset Management Inc. grew its position in Willis Towers Watson Public by 77.2% during the second quarter. Advisors Asset Management Inc. now owns 909 shares of the financial services provider’s stock worth $132,000 after buying an additional 396 shares during the period. Hedge funds and other institutional investors own 94.35% of the company’s stock.

In other news, insider Jeffrey W. Ubben sold 193,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $152.31, for a total value of $29,395,830.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael J. Burwell bought 3,100 shares of the stock in a transaction dated Monday, November 6th. The stock was purchased at an average cost of $160.10 per share, for a total transaction of $496,310.00. Following the acquisition, the chief financial officer now owns 3,100 shares in the company, valued at approximately $496,310. The disclosure for this purchase can be found here. Insiders sold a total of 1,805,295 shares of company stock worth $278,680,853 in the last ninety days. Corporate insiders own 6.70% of the company’s stock.

Shares of Willis Towers Watson Public Limited Company (NASDAQ WLTW) opened at $157.10 on Thursday. The firm has a market cap of $20,925.51, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.89 and a beta of 0.90. Willis Towers Watson Public Limited Company has a fifty-two week low of $120.87 and a fifty-two week high of $165.00. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.45.

Willis Towers Watson Public (NASDAQ:WLTW) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.01). The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.84 billion. Willis Towers Watson Public had a return on equity of 10.93% and a net margin of 4.43%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 earnings per share. equities analysts anticipate that Willis Towers Watson Public Limited Company will post 8.4 earnings per share for the current year.

Several research analysts have weighed in on the stock. ValuEngine upgraded shares of Willis Towers Watson Public from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Jefferies Group reiterated a “buy” rating and issued a $176.00 price target on shares of Willis Towers Watson Public in a research report on Tuesday, September 5th. BidaskClub lowered shares of Willis Towers Watson Public from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 31st. William Blair reiterated an “outperform” rating on shares of Willis Towers Watson Public in a research report on Monday, August 21st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $167.00 price target on shares of Willis Towers Watson Public in a research report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $157.27.

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About Willis Towers Watson Public

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 (NASDAQ:WLTW)

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