California State Teachers Retirement System Takes $35.21 Million Position in Willis Towers Watson Public Limited Company (WLTW)

California State Teachers Retirement System bought a new position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WLTW) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 242,084 shares of the financial services provider’s stock, valued at approximately $35,213,000. California State Teachers Retirement System owned 0.18% of Willis Towers Watson Public Limited at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Great West Life Assurance Co. Can increased its holdings in Willis Towers Watson Public Limited by 11.8% in the 2nd 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 period. Commonwealth Bank of Australia increased its holdings in Willis Towers Watson Public Limited by 12.1% in the 2nd quarter. Commonwealth Bank of Australia now owns 694 shares of the financial services provider’s stock valued at $100,000 after buying an additional 75 shares during the period. Advisor Group Inc. increased its holdings in Willis Towers Watson Public Limited by 30.2% in the 2nd quarter. Advisor Group Inc. now owns 699 shares of the financial services provider’s stock valued at $101,000 after buying an additional 162 shares during the period. Dupont Capital Management Corp bought a new stake in Willis Towers Watson Public Limited in the 2nd quarter valued at $106,000. Finally, Advisors Asset Management Inc. increased its holdings in Willis Towers Watson Public Limited by 77.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 909 shares of the financial services provider’s stock valued at $132,000 after buying an additional 396 shares during the period. 94.26% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This report was originally posted by Stock Observer and is the sole property of of Stock Observer. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.thestockobserver.com/2017/10/13/california-state-teachers-retirement-system-takes-35-21-million-position-in-willis-towers-watson-public-limited-company-wltw.html.

In other news, insider Jeffrey W. Ubben sold 304,350 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $154.88, for a total transaction of $47,137,728.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeffrey W. Ubben sold 8,118 shares of the business’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $156.05, for a total value of $1,266,813.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,398,468 shares of company stock worth $658,991,761. Company insiders own 6.70% of the company’s stock.

Shares of Willis Towers Watson Public Limited Company (NASDAQ WLTW) traded up 0.20% on Friday, reaching $156.75. 123,862 shares of the company traded hands. Willis Towers Watson Public Limited Company has a one year low of $112.76 and a one year high of $156.98. The firm’s 50 day moving average is $153.97 and its 200 day moving average is $153.97. The company has a market capitalization of $21.05 billion, a P/E ratio of 44.37 and a beta of 0.95.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last released its earnings results on Thursday, August 3rd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the firm earned $1.66 EPS. The business’s revenue was up .2% on a year-over-year basis. Analysts expect that Willis Towers Watson Public Limited Company will post $8.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Thursday, September 28th. Willis Towers Watson Public Limited’s dividend payout ratio is presently 76.81%.

WLTW has been the topic of several analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $165.00 price target on shares of Willis Towers Watson Public Limited in a report on Friday, June 16th. Barclays PLC boosted their price target on shares of Willis Towers Watson Public Limited from $154.00 to $171.00 and gave the company an “overweight” rating in a report on Friday, June 30th. Morgan Stanley reissued an “overweight” rating and issued a $160.00 price target (up previously from $150.00) on shares of Willis Towers Watson Public Limited in a report on Friday, July 7th. Deutsche Bank AG reissued a “sell” rating and issued a $121.00 price target on shares of Willis Towers Watson Public Limited in a report on Monday, July 10th. Finally, Zacks Investment Research lowered shares of Willis Towers Watson Public Limited from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $157.86.

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.

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 Public Limited Company (NASDAQ:WLTW).

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

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

Leave a Reply