In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Willis Towers Watson Plc (NASDAQ:WLTW) reported that Va Partners I, Llc. has picked up 6,664,358 of common stock as of 2017-05-31.
The acquisition brings the aggregate amount owned by Va Partners I, Llc. to a total of 6,664,358 representing less than 4.9% stake in the company.
For those not familiar with the company, 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. The Willis GB segment comprises four business units: Property and Casualty, Transport, Financial Lines and Retail Networks. The Willis Capital Wholesale and Reinsurance segment includes Willis Re; Willis Capital Markets & Advisory; Willis’ wholesale business, and Willis Portfolio Underwriting Services. The Willis North America segment provides risk management, insurance brokerage and related risk services.
A glance at Willis Towers Watson Plc (NASDAQ:WLTW) key stats reveals a current market capitalization of 19.64 Billion based on 135.19 Million shares outstanding and a price at last close of $145.04 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-11-17, Davies picked up 200 at a purchase price of $124.04. This brings their total holding to 1,708 as of the date of the filing.
On the sell side, the most recent transaction saw Ubben unload 125,000 shares at a sale price of $145.05. This brings their total holding to 6,664,358.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Willis Towers Watson Plc (NASDAQ:WLTW) as things move forward to see if its progress aligns with these transactions.
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