2,790 Shares in Willis Towers Watson Public Limited Company $WTW Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP acquired a new stake in Willis Towers Watson, purchasing 2,790 shares valued at approximately $943,000 in the first quarter.
• The company's stock opened at $339.25, with a market capitalization of $33.09 billion and a PE ratio of 232.36.
• Analysts have a consensus rating of "Moderate Buy" for Willis Towers Watson, with a target price of $362.92, reflecting mixed outlooks from various investment firms.

Quantbot Technologies LP acquired a new position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,790 shares of the company's stock, valued at approximately $943,000.

Other institutional investors have also modified their holdings of the company. Dynamic Advisor Solutions LLC lifted its position in shares of 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 last quarter. Bessemer Group Inc. boosted its stake in Willis Towers Watson Public by 35.6% during the 1st quarter. Bessemer Group Inc. now owns 1,208 shares of the company's stock worth $408,000 after purchasing an additional 317 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in Willis Towers Watson Public by 124.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,941 shares of the company's stock worth $1,670,000 after purchasing an additional 2,737 shares during the period. PNC Financial Services Group Inc. boosted its stake in Willis Towers Watson Public by 22.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,108 shares of the company's stock worth $4,768,000 after purchasing an additional 2,596 shares during the period. Finally, Ritholtz Wealth Management acquired a new stake in Willis Towers Watson Public during the 1st quarter worth $406,000. Hedge funds and other institutional investors own 93.09% of the company's stock.

Willis Towers Watson Public Price Performance

NASDAQ:WTW traded down $2.96 during mid-day trading on Thursday, hitting $327.11. 273,906 shares of the company's stock traded hands, compared to its average volume of 644,808. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.90 and a current ratio of 1.90. Willis Towers Watson Public Limited Company has a 1 year low of $283.29 and a 1 year high of $344.14. The firm's 50 day simple moving average is $315.10 and its 200 day simple moving average is $317.22. The company has a market cap of $31.91 billion, a PE ratio of 224.16, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $2.86 earnings per share for the quarter, beating analysts' consensus estimates of $2.65 by $0.21. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $2.55 EPS. Sell-side analysts expect that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Wall Street Analysts Forecast Growth

WTW has been the subject of a number of recent research reports. Morgan Stanley increased their price target 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. Citigroup initiated coverage on shares of 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 decreased their price target on shares of 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. Cantor Fitzgerald started coverage on shares of Willis Towers Watson Public in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $355.00 price objective on the stock. Finally, Barclays lowered their target price on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating on the stock in a report on Monday, July 7th. 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 given a Sell rating to the company. According to MarketBeat.com, Willis Towers Watson Public has an average rating of "Moderate Buy" and an average price target of $362.92.

Insider Activity

In related news, CFO Andrew Jay Krasner sold 1,600 shares of Willis Towers Watson Public stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $315.75, for a total value of $505,200.00. Following the completion of the sale, the chief financial officer owned 11,982 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.32% of the company's stock.

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.