Tribune Investment Group LP Sells 11,000 Shares of Willis Towers Watson Public Limited Company $WTW

Key Points

• Tribune Investment Group LP reduced its stake in Willis Towers Watson by 28.2%, selling 11,000 shares, leaving it with 28,000 shares valued at approximately $9.46 million.
• The company reported a Q2 EPS of $2.86, outperforming the consensus estimate of $2.65, despite a slight year-over-year revenue decline of 0.2%.
• Analysts have varying outlooks on the company, with an average target price of $362.92 based on a mix of recommendations ranging from "Strong Buy" to "Sell."

Tribune Investment Group LP cut its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 28.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,000 shares of the company's stock after selling 11,000 shares during the quarter. Willis Towers Watson Public makes up 4.1% of Tribune Investment Group LP's portfolio, making the stock its 6th largest position. Tribune Investment Group LP's holdings in Willis Towers Watson Public were worth $9,463,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. raised its holdings in Willis Towers Watson Public by 2.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,856,440 shares of the company's stock valued at $965,334,000 after acquiring an additional 67,898 shares during the period. Northern Trust Corp raised its stake 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 valued at $381,052,000 after acquiring an additional 152,128 shares during the last quarter. Wellington Management Group LLP raised its stake in 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 buying an additional 69,205 shares during the last quarter. GAMMA Investing LLC raised its stake in 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 buying an additional 1,004,947 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Willis Towers Watson Public by 10.9% in 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 during the period. 93.09% of the stock is owned by institutional investors.

Willis Towers Watson Public Stock Performance

NASDAQ WTW traded up $2.10 on Friday, reaching $339.25. 348,212 shares of the stock were exchanged, compared to its average volume of 684,918. Willis Towers Watson Public Limited Company has a one year low of $280.86 and a one year high of $344.14. The firm has a market capitalization of $33.09 billion, a PE ratio of 232.36, a PEG ratio of 2.70 and a beta of 0.67. The company's 50-day simple moving average is $312.96 and its two-hundred day simple moving average is $317.01. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.58.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.23 billion. During the same quarter last year, the business posted $2.55 earnings per share. The company's revenue for the quarter was down .2% compared to the same quarter last year. Analysts expect that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Barclays reduced 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. Keefe, Bruyette & Woods lowered their price target on shares of Willis Towers Watson Public from $371.00 to $366.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company decreased 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 report on Thursday, July 10th. Morgan Stanley boosted 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. Finally, Citigroup assumed coverage on shares of Willis Towers Watson Public in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $351.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $362.92.

Insider Buying and Selling at Willis Towers Watson Public

In other Willis Towers Watson Public 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 transaction of $505,200.00. Following the completion of the transaction, the chief financial officer directly owned 11,982 shares of the company's stock, valued at $3,783,316.50. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.32% of the company's stock.

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.