Willis Towers Watson PLC (NASDAQ:WLTW) CAO Sells $7,055,135.43 in Stock

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Willis Towers Watson PLC (NASDAQ:WLTW) CAO Anne Donovan Bodnar sold 36,557 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $192.99, for a total value of $7,055,135.43. Following the completion of the transaction, the chief accounting officer now directly owns 67,002 shares of the company’s stock, valued at $12,930,715.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ:WLTW traded up $0.76 during mid-day trading on Wednesday, reaching $193.28. The company had a trading volume of 689,664 shares, compared to its average volume of 602,424. Willis Towers Watson PLC has a one year low of $144.13 and a one year high of $200.93. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $188.89 and its 200-day moving average price is $190.61. The firm has a market cap of $25.26 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.66 and a beta of 0.81.

Willis Towers Watson (NASDAQ:WLTW) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.01. Willis Towers Watson had a return on equity of 13.01% and a net margin of 10.07%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the company earned $1.32 earnings per share. Willis Towers Watson’s revenue was up 7.0% compared to the same quarter last year. On average, research analysts anticipate that Willis Towers Watson PLC will post 10.92 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of WLTW. Millennium Management LLC boosted its position in Willis Towers Watson by 217.4% during the third quarter. Millennium Management LLC now owns 246,851 shares of the financial services provider’s stock worth $47,634,000 after purchasing an additional 169,072 shares during the period. Man Group plc raised its position in shares of Willis Towers Watson by 1,742.4% in the third quarter. Man Group plc now owns 273,221 shares of the financial services provider’s stock valued at $52,724,000 after purchasing an additional 258,391 shares during the period. Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of Willis Towers Watson during the 3rd quarter valued at approximately $6,120,000. Squarepoint Ops LLC lifted its stake in shares of Willis Towers Watson by 44.2% during the 3rd quarter. Squarepoint Ops LLC now owns 94,410 shares of the financial services provider’s stock valued at $18,218,000 after buying an additional 28,928 shares in the last quarter. Finally, Cleararc Capital Inc. bought a new position in Willis Towers Watson in the 3rd quarter worth approximately $377,000. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently commented on the company. ValuEngine downgraded Willis Towers Watson from a “hold” rating to a “sell” rating in a research report on Tuesday. Wells Fargo & Co reissued a “buy” rating and issued a $225.00 price objective on shares of Willis Towers Watson in a research report on Sunday, November 24th. BidaskClub upgraded Willis Towers Watson from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Barclays set a $235.00 target price on Willis Towers Watson and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, Morgan Stanley decreased their target price on Willis Towers Watson from $215.00 to $209.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $204.09.

About Willis Towers Watson

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company's Human Capital and Benefits segment offers actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services.

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