5 Best Defensive Stocks to Buy Now

3. Willis Towers Watson Public Limited Company (NASDAQ: WLTW)

Number of Hedge Fund Holders: 66

Seth Klarman initiated a big position in Willis Towers Watson Public Limited Company (NASDAQ: WLTW) during the first quarter by purchasing shares worth $572 million, accounting for 4.47% of the overall portfolio. The share price underperformance of Willis Tower in the last twelve months makes it a good stock to buy. Its stock is trading around 21 times to earnings, with a low beta of 0.82. The company also offers a dividend yield of 1.21% at present.

Willis Towers Watson Public Limited Company has seen an increase in enthusiasm from smart money of late. It was in 66 hedge funds’ portfolios at the end of the first quarter of 2021. The all-time high for this statistic was previously 58. This means the bullish number of hedge fund positions in this stock currently sits at its all-time high.