Intech Investment Management LLC Decreases Position in Willis Towers Watson Public Limited Company $WTW

Key Points

• Intech Investment Management LLC reduced its stake in Willis Towers Watson by 34.3%, selling 25,913 shares, and now owns approximately 49,740 shares valued at $16.81 million.
• Willis Towers Watson announced a quarterly dividend of $0.92 per share, with an ex-dividend date of September 30, representing a yield of 1.1%.
• The company reported earnings of $2.86 EPS for the last quarter, surpassing analysts' expectations and indicating a net margin of 1.40%.

Intech Investment Management LLC lowered its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 34.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,740 shares of the company's stock after selling 25,913 shares during the period. Intech Investment Management LLC owned about 0.05% of Willis Towers Watson Public worth $16,810,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WTW. Wayfinding Financial LLC bought a new stake in shares of Willis Towers Watson Public in the first quarter worth $25,000. Cornerstone Planning Group LLC grew its holdings in Willis Towers Watson Public by 750.0% during the first quarter. Cornerstone Planning Group LLC now owns 85 shares of the company's stock valued at $28,000 after purchasing an additional 75 shares during the period. McIlrath & Eck LLC bought a new stake in Willis Towers Watson Public during the fourth quarter valued at about $30,000. Crewe Advisors LLC bought a new stake in Willis Towers Watson Public during the first quarter valued at about $32,000. Finally, Larson Financial Group LLC grew its holdings in Willis Towers Watson Public by 122.9% during the first quarter. Larson Financial Group LLC now owns 107 shares of the company's stock valued at $36,000 after purchasing an additional 59 shares during the period. Institutional investors own 93.09% of the company's stock.

Willis Towers Watson Public Price Performance

Shares of NASDAQ:WTW traded down $3.70 during mid-day trading on Monday, reaching $335.09. The stock had a trading volume of 118,890 shares, compared to its average volume of 635,074. 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 cap of $32.69 billion, a P/E ratio of 229.52, a price-to-earnings-growth ratio of 2.70 and a beta of 0.71. Willis Towers Watson Public Limited Company has a 1 year low of $286.00 and a 1 year high of $344.14. The business's 50 day moving average price is $321.58 and its 200 day moving average price is $317.50.

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

Willis Towers Watson Public Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Cantor Fitzgerald assumed coverage on Willis Towers Watson Public in a report on Wednesday, August 13th. They set a "neutral" rating and a $355.00 price target for the company. Wells Fargo & Company cut their price target on Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Morgan Stanley boosted 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. Barclays cut their price target on Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating for the company in a report on Monday, July 7th. Finally, Citigroup assumed coverage on Willis Towers Watson Public in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $351.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $362.92.

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.