Willis Towers Watson Public Limited Company $WTW Shares Sold by Taikang Asset Management Hong Kong Co Ltd

Key Points

• Taikang Asset Management Hong Kong Co Ltd reduced its holdings in Willis Towers Watson Public Limited Company by 28%, selling 8,546 shares, which leaves them with 22,004 shares now valued at approximately $7.4 million.
• Institutional investors hold a significant 93.09% of Willis Towers Watson's stock, indicating strong institutional interest in the company.
• Recent analyst ratings for Willis Towers Watson show mixed views, with target prices ranging from $305 to $387 and an average rating of "Moderate Buy."

Taikang Asset Management Hong Kong Co Ltd lowered its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 28.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,004 shares of the company's stock after selling 8,546 shares during the quarter. Willis Towers Watson Public makes up 1.0% of Taikang Asset Management Hong Kong Co Ltd's holdings, making the stock its 24th largest position. Taikang Asset Management Hong Kong Co Ltd's holdings in Willis Towers Watson Public were worth $7,436,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. 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 valued at $682,000 after buying an additional 35 shares in the last quarter. Bessemer Group Inc. grew its position in shares of 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 purchasing an additional 317 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of Willis Towers Watson Public by 124.2% during the first 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 in the last quarter. PNC Financial Services Group Inc. raised its position in shares of 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 last quarter. Finally, Ritholtz Wealth Management acquired a new position in shares of Willis Towers Watson Public during the 1st quarter worth about $406,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on WTW shares. Morgan Stanley boosted their price objective 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. Citigroup started coverage on Willis Towers Watson Public in a report on Wednesday, August 13th. They issued a "neutral" rating and a $351.00 price objective on the stock. Wells Fargo & Company lowered 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 research note on Thursday, July 10th. Barclays reduced 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 report on Monday, July 7th. Finally, Cantor Fitzgerald began coverage on shares of Willis Towers Watson Public in a research report on Wednesday, August 13th. They set a "neutral" rating and a $355.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $362.92.

Willis Towers Watson Public Trading Down 1.0%

Shares of WTW traded down $3.23 during trading on Thursday, reaching $326.84. 562,284 shares of the company traded hands, compared to its average volume of 646,734. The stock has a 50-day simple moving average of $315.69 and a 200-day simple moving average of $317.24. The stock has a market cap of $31.88 billion, a PE ratio of 223.86, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67. Willis Towers Watson Public Limited Company has a twelve month low of $283.29 and a twelve month 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 data on Thursday, July 31st. The company reported $2.86 earnings per share for the quarter, topping analysts' consensus estimates of $2.65 by $0.21. Willis Towers Watson Public had a net margin of 1.40% and a return on equity of 21.60%. The firm had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.23 billion. During the same quarter last year, the company posted $2.55 EPS. The firm's quarterly revenue was down .2% on a year-over-year basis. On average, analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Insider Buying and Selling at Willis Towers Watson Public

In related news, CFO Andrew Jay Krasner sold 1,600 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $315.75, for a total value of $505,200.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.