Willis Towers Watson Public Limited Company $WTW is Rivermont Capital Management LP's Largest Position

Key Points

• Rivermont Capital Management LP reduced its stake in Willis Towers Watson by 1.9% during Q1, selling 1,742 shares, and still maintains 89,642 shares, which represents its largest holding at approximately 12.8% of its portfolio.
• Willis Towers Watson recently announced a quarterly dividend of $0.92 per share to be paid on October 15th, with a payout ratio currently at 252.05%.
• The company's stock has received multiple analyst ratings, with an average of "Moderate Buy" and a consensus price target of $362.92.

Rivermont Capital Management LP lowered its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 1.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,642 shares of the company's stock after selling 1,742 shares during the period. Willis Towers Watson Public accounts for 12.8% of Rivermont Capital Management LP's investment portfolio, making the stock its largest position. Rivermont Capital Management LP owned 0.09% of Willis Towers Watson Public worth $30,295,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Empowered Funds LLC boosted its position in shares of Willis Towers Watson Public by 16.9% during the 1st quarter. Empowered Funds LLC now owns 2,400 shares of the company's stock valued at $811,000 after acquiring an additional 347 shares during the last quarter. MBB Public Markets I LLC acquired a new stake in shares of Willis Towers Watson Public during the 1st quarter worth approximately $321,000. Ascent Group LLC acquired a new position in Willis Towers Watson Public in the first quarter valued at approximately $2,109,000. United Services Automobile Association purchased a new position in Willis Towers Watson Public in the first quarter worth approximately $721,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Willis Towers Watson Public in the first quarter valued at $583,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on WTW shares. Barclays lowered their price objective on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating for the company in a research report on Monday, July 7th. Morgan Stanley increased their target price on 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. Cantor Fitzgerald initiated coverage on Willis Towers Watson Public in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $355.00 target price for the company. Citigroup assumed 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 on the stock. Finally, Wells Fargo & Company lowered their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $362.92.

Willis Towers Watson Public Stock Down 0.5%

NASDAQ:WTW traded down $1.66 during mid-day trading on Friday, hitting $338.79. The stock had a trading volume of 417,870 shares, compared to its average volume of 451,398. Willis Towers Watson Public Limited Company has a twelve month low of $286.00 and a twelve month high of $344.14. The stock has a 50-day simple moving average of $321.58 and a two-hundred day simple moving average of $317.76. 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 capitalization of $33.05 billion, a PE ratio of 232.05, a PEG ratio of 2.71 and a beta of 0.71.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $2.86 EPS for the quarter, beating 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 net margin of 1.40% and a return on equity of 21.60%. The company's quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.55 EPS. On average, equities research analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.92 dividend. 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 payout ratio is currently 252.05%.

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.