Groupama Asset Managment Sells 4,131 Shares of Willis Towers Watson Public Limited Company $WTW

Key Points

• Groupama Asset Management has significantly reduced its stake in Willis Towers Watson, decreasing its holdings by 62.3% to 2,500 shares valued at approximately $843,000.
• Willis Towers Watson's stock has a consensus rating of "Moderate Buy" with a target price of $362.92, reflecting a varied outlook from analysts with ratings ranging from Strong Buy to Sell.
• Despite a slight decline in revenue year-over-year, Willis Towers Watson reported earnings of $2.86 per share, surpassing estimates and indicating a positive performance in its latest quarterly report.

Groupama Asset Managment trimmed its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 62.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,500 shares of the company's stock after selling 4,131 shares during the quarter. Groupama Asset Managment's holdings in Willis Towers Watson Public were worth $843,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC lifted its position in Willis Towers Watson Public by 1.8% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 2,018 shares of the company's stock valued at $682,000 after acquiring an additional 35 shares in the last quarter. Bessemer Group Inc. lifted its position in Willis Towers Watson Public by 35.6% in the 1st quarter. Bessemer Group Inc. now owns 1,208 shares of the company's stock valued at $408,000 after acquiring an additional 317 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Willis Towers Watson Public by 124.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,941 shares of the company's stock valued at $1,670,000 after acquiring an additional 2,737 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Willis Towers Watson Public by 22.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,108 shares of the company's stock valued at $4,768,000 after acquiring an additional 2,596 shares in the last quarter. Finally, Ritholtz Wealth Management bought a new position in Willis Towers Watson Public in the 1st quarter valued at approximately $406,000. 93.09% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,600 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $315.75, for a total transaction of $505,200.00. Following the sale, the chief financial officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

Willis Towers Watson Public Stock Performance

Willis Towers Watson Public stock traded up $2.10 during trading on Friday, reaching $339.25. The company had a trading volume of 348,212 shares, compared to its average volume of 684,918. Willis Towers Watson Public Limited Company has a 52 week low of $280.86 and a 52 week high of $344.14. The firm's 50-day simple moving average is $312.96 and its 200 day simple moving average is $317.01. The firm has a market capitalization of $33.09 billion, a price-to-earnings ratio of 232.36, a price-to-earnings-growth ratio of 2.70 and a beta of 0.67. 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 (NASDAQ:WTW - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $2.86 earnings per share for the quarter, topping 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%. The company's revenue was down .2% on a year-over-year basis. During the same period in the prior year, the business posted $2.55 earnings per share. Sell-side analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

WTW has been the topic of several analyst reports. Keefe, Bruyette & Woods lowered their price objective on Willis Towers Watson Public from $371.00 to $366.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Barclays lowered their price objective on Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating on the stock in a research report on Monday, July 7th. Morgan Stanley increased their price target on Willis Towers Watson Public from $335.00 to $345.00 and gave the company an "equal weight" rating in a report on Monday, August 18th. Cantor Fitzgerald initiated coverage on Willis Towers Watson Public in a report on Wednesday, August 13th. They set a "neutral" rating and a $355.00 price target on the stock. Finally, Citigroup initiated coverage on Willis Towers Watson Public in a report on Wednesday, August 13th. They set a "neutral" rating and a $351.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $362.92.

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.