Willis Towers Watson Public Limited Company $WTW Shares Sold by Moran Wealth Management LLC

Key Points

• Moran Wealth Management LLC reduced its stake in **Willis Towers Watson** by 10.0% during the second quarter, owning 17,225 shares valued at approximately **$5.28 million** after the sale.
• The company reported earnings of **$2.86 EPS** for the latest quarter, surpassing estimates by **$0.21**, with a revenue of **$2.26 billion** despite a **0.2% decrease** compared to the prior year.
• Willis Towers Watson has authorized a **$1.50 billion stock repurchase program**, indicating that the board believes the company's stock is **undervalued**.

Moran Wealth Management LLC decreased its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 10.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,225 shares of the company's stock after selling 1,913 shares during the quarter. Moran Wealth Management LLC's holdings in Willis Towers Watson Public were worth $5,279,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of WTW. Brighton Jones LLC boosted its holdings in shares of Willis Towers Watson Public by 4.7% during the fourth quarter. Brighton Jones LLC now owns 1,368 shares of the company's stock valued at $429,000 after acquiring an additional 61 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Willis Towers Watson Public by 51.5% during the first quarter. Farther Finance Advisors LLC now owns 491 shares of the company's stock valued at $165,000 after acquiring an additional 167 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Willis Towers Watson Public by 20.1% during the first quarter. GAMMA Investing LLC now owns 2,981 shares of the company's stock valued at $1,007,000 after acquiring an additional 499 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Willis Towers Watson Public by 15.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,011 shares of the company's stock valued at $2,031,000 after acquiring an additional 815 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of Willis Towers Watson Public by 1.8% during the first quarter. Dynamic Advisor Solutions LLC now owns 2,018 shares of the company's stock valued at $682,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 93.09% of the company's stock.

Willis Towers Watson Public Price Performance

Shares of Willis Towers Watson Public stock opened at $343.31 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.58. The company's 50-day moving average price is $335.29 and its two-hundred day moving average price is $318.78. Willis Towers Watson Public Limited Company has a 52 week low of $287.05 and a 52 week high of $352.79. The stock has a market cap of $33.49 billion, a PE ratio of 235.15, a price-to-earnings-growth ratio of 2.68 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $2.86 EPS for the quarter, topping 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 period in the previous year, the business earned $2.55 earnings per share. Willis Towers Watson Public's revenue for the quarter was down .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public declared that its board has authorized a stock repurchase program on Thursday, September 18th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Willis Towers Watson Public Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Willis Towers Watson Public from $335.00 to $345.00 and gave the company an "equal weight" rating in a report on Monday, August 18th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Willis Towers Watson Public in a report on Wednesday, October 8th. Wolfe Research raised shares of Willis Towers Watson Public to a "hold" rating in a report on Monday, September 15th. UBS Group upped their price objective on shares of Willis Towers Watson Public from $395.00 to $398.00 and gave the stock a "buy" rating in a report on Wednesday, October 8th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Willis Towers Watson Public 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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