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First Eagle cut its Willis Towers Watson holdings by 13.1%, despite the firm's strong quarterly results and dividend.
First Eagle Investment Management LLC reduced its holdings in Willis Towers Watson Public Limited (WTW) by 13.1% in Q4, selling 672,829 shares to own 4,456,930 shares, now its third-largest holding.
WTW reported $8.13 EPS for the latest quarter, beating estimates by $0.12, and declared a $0.92 dividend.
The stock, with a $31.81 billion market cap, has a consensus "Moderate Buy" rating and an average target price of $342.08.
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First Eagle redujo sus participaciones en Willis Towers Watson en un 13,1%, a pesar de los fuertes resultados trimestrales y dividendos de la firma.