Willis Towers Watson Public Limited Company $WTW Shares Sold by Y Intercept Hong Kong Ltd

Key Points

• Y Intercept Hong Kong Ltd cut its Willis Towers Watson stake by 37.5% in the second quarter, selling 7,832 shares and retaining 13,081 shares valued at approximately $3.42 million. Institutional investors collectively own 93.09% of WTW.
• Willis Towers Watson exceeded quarterly expectations, reporting $3.35 in EPS versus the $3.12 consensus and $2.47 billion in revenue, up 9.1% year over year. The company also maintains a quarterly dividend of $0.96 per share, yielding about 1.1% annually.
• Analysts remain generally positive, with WTW carrying a “Moderate Buy” consensus rating and an average price target of $363.50, compared with a reported share price of $340.29.

Y Intercept Hong Kong Ltd trimmed its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 37.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,081 shares of the company's stock after selling 7,832 shares during the period. Y Intercept Hong Kong Ltd's holdings in Willis Towers Watson Public were worth $3,419,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cedar Mountain Advisors LLC purchased a new stake in Willis Towers Watson Public in the first quarter valued at $27,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Willis Towers Watson Public in the 4th quarter valued at about $28,000. Larson Financial Group LLC boosted its stake in shares of Willis Towers Watson Public by 72.5% in the fourth quarter. Larson Financial Group LLC now owns 88 shares of the company's stock worth $29,000 after buying an additional 37 shares during the last quarter. MV Capital Management Inc. acquired a new stake in Willis Towers Watson Public during the fourth quarter worth about $29,000. Finally, Western Wealth Management LLC acquired a new stake in Willis Towers Watson Public during the first quarter worth about $30,000. Institutional investors and hedge funds own 93.09% of the company's stock.

Willis Towers Watson Public Price Performance

NASDAQ:WTW opened at $340.29 on Thursday. The stock has a 50 day moving average of $289.68 and a two-hundred day moving average of $287.49. Willis Towers Watson Public Limited Company has a 12 month low of $240.61 and a 12 month high of $352.79. The firm has a market cap of $31.60 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 0.98 and a beta of 0.42. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.74.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $3.35 EPS for the quarter, topping the consensus estimate of $3.12 by $0.23. Willis Towers Watson Public had a return on equity of 22.19% and a net margin of 15.49%.The firm had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.42 billion. During the same period in the previous year, the business earned $2.86 earnings per share. The firm's revenue for the quarter was up 9.1% on a year-over-year basis. On average, 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 announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 30th. Willis Towers Watson Public's payout ratio is currently 23.62%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WTW. UBS Group boosted their price target 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. Cantor Fitzgerald increased their price target on shares of Willis Towers Watson Public from $344.00 to $380.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Mizuho upped their price objective on shares of Willis Towers Watson Public from $338.00 to $361.00 and gave the stock an "outperform" rating in a research report on Thursday, July 9th. Citigroup reaffirmed a "neutral" rating and issued a $345.00 price target (up from $300.00) on shares of Willis Towers Watson Public in a report on Monday, August 3rd. Finally, Keefe, Bruyette & Woods increased their price target on Willis Towers Watson Public from $381.00 to $394.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $363.50.

Willis Towers Watson Public Company 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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