Willis Towers Watson Public Limited Company $WTW Shares Sold by Sunriver Management LLC

Key Points

• Sunriver Management LLC has reduced its stake in Willis Towers Watson by 39.3% in the first quarter, now owning approximately 0.11% of the company, valued at around $36 million.
• Multiple other institutional investors increased their stakes in Willis Towers Watson, including Oppenheimer Asset Management, which raised its holdings by 124.2%.
• Analyst ratings for the company vary, with a consensus average rating of "Moderate Buy" and a price target of approximately $362.92.

Sunriver Management LLC trimmed its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 39.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,647 shares of the company's stock after selling 68,980 shares during the quarter. Willis Towers Watson Public makes up approximately 4.4% of Sunriver Management LLC's investment portfolio, making the stock its 12th largest position. Sunriver Management LLC owned approximately 0.11% of Willis Towers Watson Public worth $36,041,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. T. Rowe Price Investment Management Inc. raised its stake in shares of Willis Towers Watson Public by 2.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,856,440 shares of the company's stock worth $965,334,000 after buying an additional 67,898 shares during the period. Northern Trust Corp increased its position in shares of Willis Towers Watson Public by 14.3% during the fourth quarter. Northern Trust Corp now owns 1,216,487 shares of the company's stock worth $381,052,000 after purchasing an additional 152,128 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Willis Towers Watson Public by 7.0% during the first quarter. Wellington Management Group LLP now owns 1,057,635 shares of the company's stock worth $357,428,000 after purchasing an additional 69,205 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Willis Towers Watson Public by 40,489.4% during the first quarter. GAMMA Investing LLC now owns 1,007,429 shares of the company's stock worth $340,461,000 after purchasing an additional 1,004,947 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Willis Towers Watson Public by 10.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 936,390 shares of the company's stock worth $293,315,000 after purchasing an additional 91,973 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Willis Towers Watson Public Trading Down 1.0%

WTW traded down $3.23 during mid-day trading on Thursday, hitting $326.84. 562,284 shares of the stock were exchanged, compared to its average volume of 646,734. The firm's fifty day moving average is $315.10 and its two-hundred day moving average is $317.22. Willis Towers Watson Public Limited Company has a 1-year low of $283.29 and a 1-year high of $344.14. 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 $31.88 billion, a PE ratio of 223.86, a PEG ratio of 2.66 and a beta of 0.67.

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

Analyst Ratings Changes

Several research analysts have recently commented on WTW shares. Morgan Stanley lifted their price target on Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an "equal weight" rating in a report on Monday, August 18th. Citigroup initiated coverage on shares of Willis Towers Watson Public in a report on Wednesday, August 13th. They issued a "neutral" rating and a $351.00 price objective for the company. Cantor Fitzgerald initiated coverage on shares of Willis Towers Watson Public in a report on Wednesday, August 13th. They issued a "neutral" rating and a $355.00 price objective for the company. Wells Fargo & Company dropped 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 report on Thursday, July 10th. Finally, Barclays dropped 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 report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Willis Towers Watson Public has an average rating of "Moderate Buy" and a consensus price target of $362.92.

Insider Transactions at Willis Towers Watson Public

In related news, CFO Andrew Jay Krasner sold 1,600 shares of the 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 transaction, the chief financial officer owned 11,982 shares of the company's stock, valued at approximately $3,783,316.50. This represents a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.