market folly

In what has become somewhat of a regular occurrence as of late, Jeff Ubben's activist investment firm ValueAct Capital has again sold shares of its stake in Willis Towers Watson (WLTW).

Their latest Form 4 filed with the SEC shows they sold over 287,000 shares across October 11th through 13th at weighted average prices of between $156.04 and $157.34.

After these sales, their position size is now around 2.68 million WLTW shares remaining.

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.