Willis Towers Watson Public Limited Company (WLTW) Stake Held by Axel Capital Management LLC

Axel Capital Management LLC maintained its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WLTW) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,000 shares of the financial services provider’s stock at the end of the second quarter. Willis Towers Watson Public Limited comprises about 1.8% of Axel Capital Management LLC’s holdings, making the stock its 8th largest position. Axel Capital Management LLC’s holdings in Willis Towers Watson Public Limited were worth $3,636,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its stake in shares of Willis Towers Watson Public Limited by 5.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 4,487 shares of the financial services provider’s stock valued at $549,000 after buying an additional 230 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Willis Towers Watson Public Limited during the fourth quarter worth approximately $714,000. Teachers Advisors LLC increased its stake in shares of Willis Towers Watson Public Limited by 6.1% in the fourth quarter. Teachers Advisors LLC now owns 25,080 shares of the financial services provider’s stock worth $3,067,000 after buying an additional 1,453 shares during the last quarter. Kentucky Retirement Systems acquired a new stake in shares of Willis Towers Watson Public Limited during the fourth quarter worth approximately $1,141,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Willis Towers Watson Public Limited during the fourth quarter valued at $509,000. 92.06% of the stock is owned by hedge funds and other institutional investors.

Shares of Willis Towers Watson Public Limited Company (WLTW) opened at 149.14 on Friday. The firm’s 50-day moving average price is $147.34 and its 200 day moving average price is $137.20. The company has a market capitalization of $20.03 billion, a PE ratio of 42.21 and a beta of 0.93. Willis Towers Watson Public Limited Company has a 52-week low of $112.76 and a 52-week high of $151.02.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the firm posted $1.66 earnings per share. Willis Towers Watson Public Limited’s revenue was up .2% on a year-over-year basis. On average, equities analysts forecast that Willis Towers Watson Public Limited Company will post $8.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Wednesday, June 28th. Willis Towers Watson Public Limited’s payout ratio is currently 76.81%.

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Several equities analysts have weighed in on the company. Deutsche Bank AG reissued a “sell” rating and set a $130.00 price objective (up from $121.00) on shares of Willis Towers Watson Public Limited in a report on Wednesday. Citigroup Inc. cut their price target on Willis Towers Watson Public Limited from $174.00 to $173.00 and set a “buy” rating for the company in a report on Monday, August 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 price objective on shares of Willis Towers Watson Public Limited in a research report on Friday, August 4th. Wells Fargo & Company reiterated a “sell” rating on shares of Willis Towers Watson Public Limited in a research report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded Willis Towers Watson Public Limited from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $152.69.

In related news, insider Jeffrey W. Ubben sold 1,000,000 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $140.53, for a total transaction of $140,530,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Roger F. Millay sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $149.58, for a total transaction of $2,991,600.00. Following the sale, the chief financial officer now directly owns 14,059 shares in the company, valued at $2,102,945.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,493,178 shares of company stock worth $361,886,138. 6.70% of the stock is owned by insiders.

About Willis Towers Watson Public Limited

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.

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

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