Willis Towers Watson Public Limited Company $WTW Shares Sold by Exencial Wealth Advisors LLC

Key Points

• Exencial Wealth Advisors LLC reduced its stake in Willis Towers Watson by 2.2%, holding 34,972 shares worth approximately $10.7 million as of its latest SEC filing.
• Willis Towers Watson announced a share buyback program of up to $1.5 billion, representing about 4.6% of its shares, indicating management's belief in the undervaluation of the stock.
• The company reported earnings per share of $2.86 in its last quarterly results, surpassing estimates and maintaining a revenue of $2.26 billion.

Exencial Wealth Advisors LLC reduced its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,972 shares of the company's stock after selling 790 shares during the period. Exencial Wealth Advisors LLC's holdings in Willis Towers Watson Public were worth $10,719,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of WTW. Nuveen LLC acquired a new position in shares of Willis Towers Watson Public during the 1st quarter worth approximately $195,043,000. Polen Capital Management LLC grew its stake in Willis Towers Watson Public by 185.1% in the 1st quarter. Polen Capital Management LLC now owns 366,539 shares of the company's stock worth $123,872,000 after acquiring an additional 237,953 shares during the period. Woodline Partners LP purchased a new stake in Willis Towers Watson Public in the 1st quarter worth approximately $60,390,000. Alyeska Investment Group L.P. grew its stake in Willis Towers Watson Public by 6,618.7% in the 1st quarter. Alyeska Investment Group L.P. now owns 126,781 shares of the company's stock worth $42,846,000 after acquiring an additional 124,894 shares during the period. Finally, Bank of Nova Scotia grew its stake in Willis Towers Watson Public by 85.9% in the 1st quarter. Bank of Nova Scotia now owns 169,579 shares of the company's stock worth $57,309,000 after acquiring an additional 78,342 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Stock Up 0.1%

Shares of NASDAQ WTW opened at $330.42 on Wednesday. Willis Towers Watson Public Limited Company has a 52-week low of $287.05 and a 52-week high of $352.79. The firm has a fifty day moving average of $335.69 and a 200-day moving average of $318.81. The stock has a market capitalization of $32.23 billion, a PE ratio of 226.32, a P/E/G ratio of 2.64 and a beta of 0.73. 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 (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 company had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.23 billion. During the same period in the previous year, the company earned $2.55 EPS. The business's quarterly revenue was down .2% compared to the same quarter last year. On average, analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public announced that its Board of Directors has authorized a share repurchase program on Thursday, September 18th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Willis Towers Watson Public Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Willis Towers Watson Public's dividend payout ratio is 252.05%.

Wall Street Analyst Weigh In

WTW has been the subject of several recent analyst reports. Citigroup initiated 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 target price for the company. Morgan Stanley lifted their target price 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. Barclays lowered 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 note on Monday, July 7th. Evercore ISI lifted their target price on shares of Willis Towers Watson Public from $373.00 to $387.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 1st. Finally, Piper Sandler lifted their target price on shares of Willis Towers Watson Public from $369.00 to $387.00 and gave the stock an "overweight" rating in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $369.42.

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.

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