Caisse DE Depot ET Placement DU Quebec Sells 79,349 Shares of Willis Towers Watson Public Limited Company $WTW

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in Willis Towers Watson Public Limited Company by 15.1%, now holding 446,734 shares after selling 79,349 shares in the first quarter.
• Analysts have varying forecasts for the stock, with estimates ranging from a price target of $305.00 from Barclays to $345.00 from Morgan Stanley, reflecting differing ratings among analysts.
• Willis Towers Watson reported earnings of $2.86 per share for the last quarter, exceeding the consensus estimate of $2.65, though its revenue was down by 0.2% year-over-year.

Caisse DE Depot ET Placement DU Quebec cut its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 15.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 446,734 shares of the company's stock after selling 79,349 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.45% of Willis Towers Watson Public worth $150,974,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. ICONIQ Capital LLC acquired a new position in shares of Willis Towers Watson Public during the first quarter valued at about $233,000. Oliver Luxxe Assets LLC raised its position in shares of Willis Towers Watson Public by 206.1% during the first quarter. Oliver Luxxe Assets LLC now owns 16,069 shares of the company's stock valued at $5,431,000 after buying an additional 10,820 shares during the last quarter. Jump Financial LLC raised its position in shares of Willis Towers Watson Public by 1,661.0% during the first quarter. Jump Financial LLC now owns 14,845 shares of the company's stock valued at $5,017,000 after buying an additional 14,002 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of Willis Towers Watson Public during the first quarter valued at about $90,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Willis Towers Watson Public by 74.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,283 shares of the company's stock valued at $2,123,000 after buying an additional 2,682 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company's stock.

Willis Towers Watson Public Price Performance

Shares of Willis Towers Watson Public stock traded down $3.23 during midday trading on Thursday, reaching $326.84. The company had a trading volume of 562,284 shares, compared to its average volume of 636,131. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $31.88 billion, a price-to-earnings ratio of 223.86, a price-to-earnings-growth ratio of 2.63 and a beta of 0.67. The stock has a fifty day simple moving average of $315.69 and a 200 day simple moving average of $317.24. Willis Towers Watson Public Limited Company has a 1-year low of $283.29 and a 1-year high of $344.14.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $2.86 earnings per share for the quarter, beating analysts' consensus estimates of $2.65 by $0.21. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.23 billion. Willis Towers Watson Public had a net margin of 1.40% and a return on equity of 21.60%. Willis Towers Watson Public's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $2.55 earnings per share. As a group, equities research analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WTW shares. Citigroup started coverage on shares of Willis Towers Watson Public in a research report on Wednesday, August 13th. They set a "neutral" rating and a $351.00 price objective for the company. Morgan Stanley increased their price target on shares of Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an "equal weight" rating in a research report on Monday, August 18th. Cantor Fitzgerald started coverage on shares of Willis Towers Watson Public in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $355.00 price target for the company. Barclays dropped their price target on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating for the company in a research report on Monday, July 7th. Finally, Wells Fargo & Company dropped their price target on shares of Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $362.92.

Insider Buying and Selling at Willis Towers Watson Public

In related news, CFO Andrew Jay Krasner sold 1,600 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $315.75, for a total value of $505,200.00. Following the completion of the sale, the chief financial officer owned 11,982 shares of the company's stock, valued at $3,783,316.50. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.32% of the stock is currently owned by corporate insiders.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.