US Bancorp DE Has $2.32 Million Stake in Willis Towers Watson PLC (WLTW)

US Bancorp DE lessened its holdings in shares of Willis Towers Watson PLC (NASDAQ:WLTW) by 10.3% during the 3rd quarter, Holdings Channel reports. The fund owned 16,468 shares of the financial services provider’s stock after selling 1,881 shares during the quarter. US Bancorp DE’s holdings in Willis Towers Watson were worth $2,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. State Board of Administration of Florida Retirement System increased its holdings in Willis Towers Watson by 0.3% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 165,835 shares of the financial services provider’s stock valued at $23,373,000 after acquiring an additional 518 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Willis Towers Watson by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 67,039 shares of the financial services provider’s stock worth $9,448,000 after buying an additional 959 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Willis Towers Watson by 34.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,338 shares of the financial services provider’s stock worth $1,034,000 after buying an additional 1,885 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Willis Towers Watson by 1.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 262,916 shares of the financial services provider’s stock worth $37,047,000 after buying an additional 3,582 shares during the last quarter. Finally, Botty Investors LLC increased its holdings in shares of Willis Towers Watson by 13.4% in the 3rd quarter. Botty Investors LLC now owns 28,383 shares of the financial services provider’s stock worth $4,017,000 after buying an additional 3,350 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

A number of analysts have recently weighed in on WLTW shares. BidaskClub upgraded shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a report on Tuesday, July 24th. ValuEngine downgraded shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Morgan Stanley reduced their target price on shares of Willis Towers Watson from $175.00 to $171.00 and set an “overweight” rating on the stock in a report on Friday, August 3rd. Keefe, Bruyette & Woods restated a “buy” rating and issued a $175.00 target price on shares of Willis Towers Watson in a report on Monday, August 6th. Finally, Credit Suisse Group started coverage on shares of Willis Towers Watson in a report on Tuesday, August 7th. They issued a “neutral” rating and a $166.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $173.54.

In related news, insider Todd J. Jones sold 2,450 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $155.56, for a total transaction of $381,122.00. Following the transaction, the insider now directly owns 17,864 shares in the company, valued at approximately $2,778,923.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam Garrard sold 1,830 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $146.77, for a total transaction of $268,589.10. Following the transaction, the insider now owns 13,739 shares in the company, valued at $2,016,473.03. The disclosure for this sale can be found here. Insiders have sold a total of 14,280 shares of company stock worth $2,251,211 over the last quarter. 0.50% of the stock is currently owned by insiders.

Shares of NASDAQ:WLTW opened at $158.86 on Friday. The stock has a market cap of $20.79 billion, a P/E ratio of 18.67, a PEG ratio of 1.37 and a beta of 0.74. Willis Towers Watson PLC has a 12 month low of $134.50 and a 12 month high of $164.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.86 and a current ratio of 1.86.

Willis Towers Watson (NASDAQ:WLTW) last issued its quarterly earnings results on Friday, November 2nd. The financial services provider reported $1.32 EPS for the quarter, beating the consensus estimate of $1.11 by $0.21. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Willis Towers Watson had a net margin of 6.84% and a return on equity of 10.15%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 EPS. On average, equities analysts forecast that Willis Towers Watson PLC will post 9.82 EPS for the current year.

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About Willis Towers Watson

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. Its Human Capital and Benefits segment provides 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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Institutional Ownership by Quarter for Willis Towers Watson (NASDAQ:WLTW)

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