Neville Rodie & Shaw Inc. Decreases Stake in Willis Towers Watson Public Limited Company $WTW

Key Points

• Neville Rodie & Shaw Inc. has reduced its stake in Willis Towers Watson by 40% in Q2, holding 1,698 shares valued at approximately $520,000.
• The company reported $2.86 EPS for Q2, surpassing analysts' expectations of $2.65, while revenue slightly declined by 0.2% year-over-year.
• Willis Towers Watson declared a quarterly dividend of $0.92 per share, reflecting an annualized distribution of $3.68 and a yield of 1.1%.

Neville Rodie & Shaw Inc. lowered its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 40.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,698 shares of the company's stock after selling 1,134 shares during the quarter. Neville Rodie & Shaw Inc.'s holdings in Willis Towers Watson Public were worth $520,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC lifted its holdings in Willis Towers Watson Public by 1.8% in the first 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 during the period. Bessemer Group Inc. lifted its holdings in 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 acquiring an additional 317 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Willis Towers Watson Public by 124.2% in the first 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 during the period. PNC Financial Services Group Inc. lifted its holdings in Willis Towers Watson Public by 22.6% in the first 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 during the period. Finally, Ritholtz Wealth Management acquired a new stake in Willis Towers Watson Public in the first quarter valued at $406,000. Institutional investors and hedge funds own 93.09% of the company's stock.

Willis Towers Watson Public Trading Up 1.5%

WTW traded up $4.99 during midday trading on Friday, hitting $336.69. The company's stock had a trading volume of 192,843 shares, compared to its average volume of 631,670. 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 firm has a market cap of $32.84 billion, a P/E ratio of 230.27, a PEG ratio of 2.64 and a beta of 0.71. The firm has a 50-day moving average price of $323.58 and a two-hundred day moving average price of $317.60. Willis Towers Watson Public Limited Company has a 52-week low of $286.00 and a 52-week high of $344.14.

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 the consensus estimate of $2.65 by $0.21. The company had revenue of $2.26 billion during the quarter, compared to analysts' expectations 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 was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.55 EPS. On average, research analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

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 issued 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 dividend yield of 1.1%. Willis Towers Watson Public's payout ratio is presently 252.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WTW shares. Morgan Stanley raised their target price 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 started coverage on Willis Towers Watson Public in a research note on Wednesday, August 13th. They set a "neutral" rating and a $355.00 price target for the company. Citigroup started coverage on Willis Towers Watson Public in a research note on Wednesday, August 13th. They set a "neutral" rating and a $351.00 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 research note on Thursday, July 10th. Finally, 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 research note on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Willis Towers Watson Public has a consensus rating of "Moderate Buy" and an average price target 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.