Invesco Ltd. Has $735.29 Million Position in Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Key Points

• Invesco Ltd. has reduced its stake in Willis Towers Watson Public Limited Company by 2.4%, selling 52,775 shares and now holds approximately 2.19% of the company, valued at $735.3 million.
• The company reported a quarterly earnings per share (EPS) of $2.86, exceeding the consensus estimate of $2.65, with revenue of $2.26 billion, a slight decrease from the previous year.
• Willis Towers Watson recently announced a quarterly dividend of $0.92 per share, with a dividend yield of 1.1% and a high dividend payout ratio of 252.05%.

Invesco Ltd. cut its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,175,722 shares of the company's stock after selling 52,775 shares during the quarter. Invesco Ltd. owned about 2.19% of Willis Towers Watson Public worth $735,285,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC grew 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 acquiring an additional 35 shares during the last quarter. Vident Advisory LLC boosted its stake in shares of Willis Towers Watson Public by 2.8% in the 4th quarter. Vident Advisory LLC now owns 1,405 shares of the company's stock valued at $440,000 after purchasing an additional 38 shares during the last quarter. Brighton Jones LLC raised its position in shares of Willis Towers Watson Public by 2.9% in the 1st quarter. Brighton Jones LLC now owns 1,408 shares of the company's stock valued at $476,000 after acquiring an additional 40 shares during the period. Mather Group LLC. raised its position in shares of Willis Towers Watson Public by 6.2% in the 1st quarter. Mather Group LLC. now owns 718 shares of the company's stock valued at $243,000 after acquiring an additional 42 shares during the period. Finally, Forum Financial Management LP raised its holdings in Willis Towers Watson Public by 3.8% during the 4th quarter. Forum Financial Management LP now owns 1,197 shares of the company's stock worth $375,000 after buying an additional 44 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Stock Performance

Shares of Willis Towers Watson Public stock traded up $0.83 during trading on Tuesday, reaching $330.00. The company's stock had a trading volume of 634,399 shares, compared to its average volume of 764,577. The firm has a market cap of $32.19 billion, a PE ratio of 19.31, a P/E/G ratio of 2.80 and a beta of 0.67. The business's 50-day moving average price is $307.86 and its 200-day moving average price is $316.59. Willis Towers Watson Public Limited Company has a 52 week low of $274.00 and a 52 week high of $344.14. The company has a quick ratio of 1.90, a current 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 EPS 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 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%. Willis Towers Watson Public's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.55 earnings per share. Equities analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $3.68 annualized dividend and a yield of 1.1%. Willis Towers Watson Public's payout ratio is presently 252.05%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Barclays decreased their target price on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating for the company in a research note on Monday, July 7th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Willis Towers Watson Public from $371.00 to $366.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $367.11.

Insider Buying and Selling

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,600 shares of the business'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 completion of the transaction, the chief financial officer owned 11,982 shares of the company's stock, valued at approximately $3,783,316.50. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.32% of the company's stock.

Willis Towers Watson Public Company 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.