Voya Investment Management LLC trimmed its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,487 shares of the company's stock after selling 853 shares during the period. Voya Investment Management LLC's holdings in Willis Towers Watson Public were worth $9,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC raised its holdings in shares of Willis Towers Watson Public by 1.8% in 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 in the last quarter. Bessemer Group Inc. raised its holdings in shares of Willis Towers Watson Public by 35.6% in the 1st quarter. Bessemer Group Inc. now owns 1,208 shares of the company's stock valued at $408,000 after purchasing an additional 317 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Willis Towers Watson Public by 124.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,941 shares of the company's stock valued at $1,670,000 after purchasing an additional 2,737 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Willis Towers Watson Public by 22.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,108 shares of the company's stock valued at $4,768,000 after purchasing an additional 2,596 shares in the last quarter. Finally, Ritholtz Wealth Management bought a new stake in shares of Willis Towers Watson Public in the 1st quarter valued at about $406,000. 93.09% of the stock is owned by hedge funds and other institutional investors.
Willis Towers Watson Public Stock Performance
NASDAQ WTW traded up $5.01 during mid-day trading on Friday, reaching $336.71. 1,309,446 shares of the stock were exchanged, compared to its average volume of 457,743. The business's 50 day moving average is $324.16 and its 200-day moving average is $317.62. Willis Towers Watson Public Limited Company has a 1 year low of $286.00 and a 1 year high of $344.14. The company has a market capitalization of $32.85 billion, a P/E ratio of 230.62, a P/E/G ratio of 2.64 and a beta of 0.71. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.90 and a current ratio of 1.90.
Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $2.86 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the firm posted $2.55 earnings per share. The firm's quarterly revenue was down .2% compared to the same quarter last year. On average, equities research analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.
Willis Towers Watson Public Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Willis Towers Watson Public's dividend payout ratio (DPR) is presently 252.05%.
Willis Towers Watson Public declared that its board has authorized a stock buyback program on Thursday, September 18th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.
Analyst Ratings Changes
WTW has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective 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. 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 objective for the company. Wolfe Research upgraded shares of Willis Towers Watson Public to a "hold" rating in a research note on Monday, September 15th. Wells Fargo & Company cut their price target 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. Finally, Barclays cut their price target on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating on the stock in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $362.92.
Read Our Latest Stock Analysis on Willis Towers Watson Public
Willis Towers Watson Public Profile
(
Free Report)
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.
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