State Board of Administration of Florida Retirement System Sells 2,422 Shares of Willis Towers Watson PLC (NASDAQ:WLTW)

State Board of Administration of Florida Retirement System reduced its stake in Willis Towers Watson PLC (NASDAQ:WLTW) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 166,334 shares of the financial services provider’s stock after selling 2,422 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.13% of Willis Towers Watson worth $31,860,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Northern Trust Corp lifted its position in Willis Towers Watson by 0.3% in the 1st quarter. Northern Trust Corp now owns 1,463,372 shares of the financial services provider’s stock valued at $257,041,000 after acquiring an additional 4,045 shares in the last quarter. Raymond James Trust N.A. lifted its position in Willis Towers Watson by 5.0% in the 2nd quarter. Raymond James Trust N.A. now owns 4,906 shares of the financial services provider’s stock valued at $940,000 after acquiring an additional 235 shares in the last quarter. FMR LLC lifted its position in Willis Towers Watson by 12.3% in the 1st quarter. FMR LLC now owns 2,517,708 shares of the financial services provider’s stock valued at $442,236,000 after acquiring an additional 276,226 shares in the last quarter. US Bancorp DE lifted its position in Willis Towers Watson by 105.9% in the 1st quarter. US Bancorp DE now owns 34,908 shares of the financial services provider’s stock valued at $6,131,000 after acquiring an additional 17,957 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in Willis Towers Watson by 19.4% in the 1st quarter. California Public Employees Retirement System now owns 531,634 shares of the financial services provider’s stock valued at $93,382,000 after acquiring an additional 86,484 shares in the last quarter. 93.05% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ WLTW opened at $193.94 on Friday. The business’s fifty day moving average price is $195.79 and its 200-day moving average price is $182.29. The stock has a market capitalization of $24.94 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.67 and a beta of 0.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.83 and a quick ratio of 1.83. Willis Towers Watson PLC has a 1-year low of $134.50 and a 1-year high of $200.93.

Willis Towers Watson (NASDAQ:WLTW) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.02. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Willis Towers Watson had a return on equity of 13.00% and a net margin of 9.86%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 EPS. Equities research analysts anticipate that Willis Towers Watson PLC will post 10.93 EPS for the current year.

WLTW has been the topic of several research analyst reports. ValuEngine cut Willis Towers Watson from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. UBS Group increased their price target on Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Raymond James reissued a “strong-buy” rating and set a $200.00 price target on shares of Willis Towers Watson in a report on Monday, May 6th. Barclays set a $235.00 price target on Willis Towers Watson and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Morgan Stanley lowered their price target on Willis Towers Watson from $215.00 to $209.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $201.33.

Willis Towers Watson Profile

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

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