3,562 Willis Towers Watson Public Limited Company $WTW Shares Sold by Louisbourg Investments Inc.

Key Points

• Louisbourg Investments reduced its Willis Towers Watson stake by 14.3% in the third quarter, selling 3,562 shares and retaining 21,429 shares valued at approximately $6.18 million.
• Institutional investors and hedge funds own 93.09% of WTW’s shares, with several major firms increasing their positions, including Arrowstreet Capital, Amundi and Bank of New York Mellon.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $364.40. WTW recently exceeded quarterly earnings and revenue estimates, while paying a quarterly dividend of $0.96 per share.

Louisbourg Investments Inc. lowered its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 14.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 21,429 shares of the company's stock after selling 3,562 shares during the period. Louisbourg Investments Inc.'s holdings in Willis Towers Watson Public were worth $6,176,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WTW. Dimensional Fund Advisors LP grew its holdings in Willis Towers Watson Public by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,000,558 shares of the company's stock worth $290,856,000 after acquiring an additional 11,851 shares during the period. Janus Henderson Group PLC raised its position in Willis Towers Watson Public by 1.0% during the first quarter. Janus Henderson Group PLC now owns 903,762 shares of the company's stock valued at $262,723,000 after acquiring an additional 9,232 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Willis Towers Watson Public by 6.5% in the first quarter. Bank of New York Mellon Corp now owns 505,357 shares of the company's stock valued at $146,907,000 after acquiring an additional 30,887 shares during the period. Amundi lifted its holdings in Willis Towers Watson Public by 14.1% in the first quarter. Amundi now owns 365,952 shares of the company's stock valued at $106,382,000 after acquiring an additional 45,235 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Willis Towers Watson Public by 183.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 316,158 shares of the company's stock valued at $91,907,000 after acquiring an additional 204,722 shares during the period. Institutional investors and hedge funds own 93.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on WTW. Truist Financial upped their price objective on Willis Towers Watson Public from $320.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Weiss Ratings cut shares of Willis Towers Watson Public from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, October 6th. TD Cowen lifted their target price on shares of Willis Towers Watson Public from $391.00 to $455.00 and gave the company a "buy" rating in a report on Thursday, August 20th. Barclays boosted their target price on shares of Willis Towers Watson Public from $303.00 to $332.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 7th. Finally, Cantor Fitzgerald boosted their target price on shares of Willis Towers Watson Public from $344.00 to $380.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Willis Towers Watson Public currently has an average rating of "Moderate Buy" and an average target price of $364.40.

Willis Towers Watson Public Trading Up 1.4%

Shares of WTW stock opened at $318.72 on Wednesday. Willis Towers Watson Public Limited Company has a fifty-two week low of $240.61 and a fifty-two week high of $351.51. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.68 and a current ratio of 1.68. The stock's fifty day moving average is $316.70 and its two-hundred day moving average is $293.13. The firm has a market capitalization of $29.60 billion, a P/E ratio of 17.22, a PEG ratio of 0.91 and a beta of 0.46.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $3.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.12 by $0.23. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.86 earnings per share. Research analysts expect that Willis Towers Watson Public Limited Company will post 19.80 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.96 per share. The ex-dividend date was Wednesday, September 30th. This represents a $3.84 dividend on an annualized basis and a yield of 1.2%. Willis Towers Watson Public's payout ratio is presently 23.62%.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public Limited Company NASDAQ: WTW is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and improve performance. Its clients include corporations, governments, institutions and individuals across a range of industries and markets.

The company's services include insurance brokerage and risk management, reinsurance, employee benefits consulting, retirement and investment advisory, and human capital and organizational consulting.

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