ValueAct Capital Pares Down Willis Towers Watson Stake Again ~ market folly

Wednesday, October 11, 2017

ValueAct Capital Pares Down Willis Towers Watson Stake Again

Jeff Ubben's activist investment firm ValueAct Capital has filed a Form 4 with the SEC regarding its position in Willis Towers Watson (WLTW). We've highlighted previously how ValueAct has been trimming its WLTW stake and that trend continues.

This time around, the hedge fund sold 8,118 WLTW shares on October 6th at a price of $156.06.  After this sale, they're left owning 2.97 million shares.

This firm has been quite busy as of late and we also posted about another stock ValueAct has been trimming.

Per Google Finance, Willis Towers Watson "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."

blog comments powered by Disqus