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

Envestnet Asset Management Inc. cut its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 19.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,427 shares of the company’s stock after selling 24,569 shares during the period. Envestnet Asset Management Inc. owned 0.11% of Willis Towers Watson Public worth $35,038,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of WTW. Massachusetts Financial Services Co. MA grew its position in Willis Towers Watson Public by 2.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,238,308 shares of the company’s stock worth $1,912,041,000 after purchasing an additional 146,104 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of Willis Towers Watson Public by 1.8% during the second quarter. Artisan Partners Limited Partnership now owns 3,579,098 shares of the company’s stock worth $1,096,994,000 after buying an additional 62,570 shares during the last quarter. Geode Capital Management LLC increased its position in Willis Towers Watson Public by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,591,115 shares of the company’s stock valued at $790,908,000 after acquiring an additional 19,384 shares during the period. Invesco Ltd. raised its stake in Willis Towers Watson Public by 4.8% during the 2nd quarter. Invesco Ltd. now owns 2,279,417 shares of the company’s stock valued at $698,642,000 after acquiring an additional 103,695 shares during the last quarter. Finally, Norges Bank acquired a new stake in Willis Towers Watson Public during the 2nd quarter worth approximately $458,662,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WTW. Evercore boosted their target price on Willis Towers Watson Public from $383.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Wells Fargo & Company boosted their price objective on shares of Willis Towers Watson Public from $366.00 to $379.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Cantor Fitzgerald cut their price objective on shares of Willis Towers Watson Public from $365.00 to $345.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. UBS Group lifted their target price on shares of Willis Towers Watson Public from $398.00 to $409.00 and gave the company a “buy” rating in a report on Monday. Finally, Wall Street Zen raised shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Willis Towers Watson Public presently has a consensus rating of “Moderate Buy” and a consensus target price of $374.57.

Willis Towers Watson Public Stock Down 3.3%

WTW stock opened at $280.09 on Thursday. The company has a current ratio of 2.21, a quick ratio of 1.69 and a debt-to-equity ratio of 0.71. The company’s 50-day moving average price is $324.80 and its 200 day moving average price is $327.26. Willis Towers Watson Public Limited Company has a 52 week low of $277.54 and a 52 week high of $352.79. The company has a market cap of $26.82 billion, a P/E ratio of 17.10, a P/E/G ratio of 1.31 and a beta of 0.62.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.93 by $0.19. The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.87 billion. Willis Towers Watson Public had a net margin of 16.53% and a return on equity of 20.91%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the firm earned $8.13 EPS. On average, research analysts expect that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.92 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $3.68 annualized dividend and a yield of 1.3%. Willis Towers Watson Public’s dividend payout ratio is 22.47%.

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.