Willis Towers Watson Public Limited Company $WTW Shares Sold by Cidel Asset Management Inc.

Key Points

• Cidel Asset Management cut its WTW stake by 42.1% in the second quarter, selling 42,366 shares and retaining 58,359 shares worth approximately $15.3 million. Institutional investors collectively own 93.09% of the company.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $363.50; several firms recently raised their targets, including UBS to $405.
• WTW exceeded quarterly expectations, reporting adjusted EPS of $3.35 versus the $3.12 estimate and revenue of $2.47 billion, up 9.1% year over year. The company also maintains a $0.96 quarterly dividend, equivalent to a 1.1% yield.

Cidel Asset Management Inc. lessened its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 42.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,359 shares of the company's stock after selling 42,366 shares during the period. Cidel Asset Management Inc. owned 0.06% of Willis Towers Watson Public worth $15,253,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Crossmark Global Holdings Inc. raised its position in shares of Willis Towers Watson Public by 1.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 3,064 shares of the company's stock worth $801,000 after buying an additional 38 shares in the last quarter. Aaron Wealth Advisors LLC lifted its stake in shares of Willis Towers Watson Public by 83.0% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,834 shares of the company's stock worth $479,000 after acquiring an additional 832 shares during the period. Portside Wealth Group LLC boosted its holdings in shares of Willis Towers Watson Public by 10.6% in the second quarter. Portside Wealth Group LLC now owns 3,487 shares of the company's stock valued at $911,000 after acquiring an additional 334 shares in the last quarter. LRI Investments LLC boosted its holdings in shares of Willis Towers Watson Public by 38.6% in the second quarter. LRI Investments LLC now owns 334 shares of the company's stock valued at $87,000 after acquiring an additional 93 shares in the last quarter. Finally, Cromwell Holdings LLC increased its stake in shares of Willis Towers Watson Public by 41.2% during the second quarter. Cromwell Holdings LLC now owns 240 shares of the company's stock valued at $63,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 93.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WTW shares. Piper Sandler boosted their target price on Willis Towers Watson Public from $283.00 to $317.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. Weiss Ratings lowered Willis Towers Watson Public from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, May 15th. The Goldman Sachs Group lifted their price target on Willis Towers Watson Public from $316.00 to $385.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods boosted their price objective on Willis Towers Watson Public from $381.00 to $394.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 4th. Finally, UBS Group upped their price objective on Willis Towers Watson Public from $382.00 to $405.00 and gave the company a "buy" rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $363.50.

Willis Towers Watson Public Stock Down 0.6%

NASDAQ WTW opened at $340.29 on Thursday. Willis Towers Watson Public Limited Company has a 12 month low of $240.61 and a 12 month high of $352.79. The company has a market capitalization of $31.60 billion, a P/E ratio of 20.93, a PEG ratio of 0.98 and a beta of 0.42. The company's 50 day simple moving average is $289.68 and its 200 day simple moving average is $287.49. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.68 and a quick ratio of 1.68.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.23. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. The firm's quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.86 earnings per share. Equities research analysts expect that Willis Towers Watson Public Limited Company will post 19.77 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.84 annualized dividend and a dividend yield of 1.1%. Willis Towers Watson Public's dividend payout ratio (DPR) is currently 23.62%.

Willis Towers Watson Public Profile

Willis Towers Watson Public NASDAQ: WTW is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company's core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.

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