Callan Family Office LLC Has $1.45 Million Stock Position in Willis Towers Watson Public Limited Company $WTW

Key Points

• Callan Family Office LLC increased its stake in Willis Towers Watson Public by 39.3% during Q2, holding 4,744 shares valued at $1.45 million as of the latest SEC filing.
• Analysts have an average rating of Moderate Buy for the stock, with an average price target of $369.42 following recent upgrades from firms like Wells Fargo and Evercore ISI.
• The company announced a quarterly dividend of $0.92 per share, with a payout ratio of 252.05%, alongside a $1.50 billion stock repurchase plan to buy back 4.6% of its shares.

Callan Family Office LLC lifted its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 39.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,744 shares of the company's stock after purchasing an additional 1,338 shares during the period. Callan Family Office LLC's holdings in Willis Towers Watson Public were worth $1,454,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Dynamic Advisor Solutions LLC lifted its holdings in Willis Towers Watson Public by 1.8% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 2,018 shares of the company's stock worth $682,000 after buying an additional 35 shares during the period. Bessemer Group Inc. increased its stake in shares of Willis Towers Watson Public by 35.6% in the first quarter. Bessemer Group Inc. now owns 1,208 shares of the company's stock valued at $408,000 after buying an additional 317 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Willis Towers Watson Public by 124.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 4,941 shares of the company's stock worth $1,670,000 after acquiring an additional 2,737 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Willis Towers Watson Public by 22.6% during the first quarter. PNC Financial Services Group Inc. now owns 14,108 shares of the company's stock worth $4,768,000 after acquiring an additional 2,596 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new position in shares of Willis Towers Watson Public in the first quarter worth approximately $406,000. Institutional investors own 93.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Citigroup assumed coverage on shares of Willis Towers Watson Public in a report on Wednesday, August 13th. They set a "neutral" rating and a $351.00 price target for the company. Morgan Stanley lifted their target price on shares of Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an "equal weight" rating in a research note on Monday, August 18th. Wells Fargo & Company upped their price target on shares of Willis Towers Watson Public from $377.00 to $382.00 and gave the company an "overweight" rating in a research report on Wednesday. Keefe, Bruyette & Woods lifted their price objective on Willis Towers Watson Public from $366.00 to $372.00 and gave the stock an "outperform" rating in a research report on Monday, September 29th. Finally, Evercore ISI boosted their price objective on Willis Towers Watson Public from $373.00 to $387.00 and gave the company an "outperform" rating in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $369.42.

Willis Towers Watson Public Trading Down 0.1%

WTW opened at $336.99 on Friday. The company has a market cap of $32.87 billion, a P/E ratio of 230.82, a price-to-earnings-growth ratio of 2.68 and a beta of 0.73. The company has a fifty day moving average price of $334.59 and a two-hundred day moving average price of $318.76. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.58. Willis Towers Watson Public Limited Company has a 1-year low of $287.05 and a 1-year high of $352.79.

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

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Willis Towers Watson Public's dividend payout ratio is presently 252.05%.

Willis Towers Watson Public announced that its board has initiated a stock repurchase plan on Thursday, September 18th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to reacquire up to 4.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

Willis Towers Watson Public Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.