Voleon Capital Management LP Sells 6,161 Shares of Willis Towers Watson Public Limited Company $WTW

Key Points

• Voleon Capital Management LP significantly reduced its stake in Willis Towers Watson Public Limited Company by 78.5%, selling 6,161 shares during the first quarter, leaving it with only 1,690 shares valued at $571,000.
• Other institutions like Bessemer Group Inc. and Oppenheimer Asset Management Inc. increased their holdings in WTW, indicating varied institutional interest in the stock.
• WTW recently announced a quarterly dividend of $0.92 per share, translating to an annual yield of 1.1%, with a dividend payout ratio of 252.05%.

Voleon Capital Management LP lessened its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 78.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,690 shares of the company's stock after selling 6,161 shares during the quarter. Voleon Capital Management LP's holdings in Willis Towers Watson Public were worth $571,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC increased its position in 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 purchasing an additional 35 shares during the period. Vident Advisory LLC boosted its holdings in shares of Willis Towers Watson Public by 2.8% during the 4th quarter. Vident Advisory LLC now owns 1,405 shares of the company's stock worth $440,000 after buying an additional 38 shares in the last quarter. Brighton Jones LLC boosted its holdings in shares of Willis Towers Watson Public by 2.9% during the 1st quarter. Brighton Jones LLC now owns 1,408 shares of the company's stock worth $476,000 after buying an additional 40 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of Willis Towers Watson Public by 6.2% during the 1st quarter. Mather Group LLC. now owns 718 shares of the company's stock worth $243,000 after buying an additional 42 shares in the last quarter. Finally, Forum Financial Management LP boosted its holdings in shares of Willis Towers Watson Public by 3.8% during the 4th quarter. Forum Financial Management LP now owns 1,197 shares of the company's stock worth $375,000 after buying an additional 44 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Morgan Stanley increased 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. 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 price target for the company. Barclays lowered their price target on 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. Wells Fargo & Company decreased their target price on Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Finally, Citigroup initiated coverage on Willis Towers Watson Public in a research report on Wednesday, August 13th. They set a "neutral" rating and a $351.00 target price 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Willis Towers Watson Public has a consensus rating of "Moderate Buy" and a consensus price target of $362.92.

Willis Towers Watson Public Stock Performance

WTW traded down $1.66 during trading hours on Friday, hitting $338.79. The stock had a trading volume of 417,870 shares, compared to its average volume of 451,398. The company's fifty day simple moving average is $321.58 and its 200 day simple moving average is $317.76. Willis Towers Watson Public Limited Company has a 1 year low of $286.00 and a 1 year high of $344.14. The stock has a market cap of $33.05 billion, a PE ratio of 232.05, a price-to-earnings-growth ratio of 2.71 and a beta of 0.71. 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 announced its quarterly earnings data on Thursday, July 31st. The company reported $2.86 earnings per share 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 company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the firm posted $2.55 EPS. The firm's revenue for the quarter was down .2% on a year-over-year basis. Equities analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.92 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $3.68 annualized dividend and a yield of 1.1%. Willis Towers Watson Public's dividend payout ratio (DPR) is 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.