Asset Management One Co. Ltd. Sells 198 Shares of Willis Towers Watson Public Limited Company $WTW

Asset Management One Co. Ltd. lessened its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 0.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 43,307 shares of the company’s stock after selling 198 shares during the period. Asset Management One Co. Ltd.’s holdings in Willis Towers Watson Public were worth $13,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of WTW. Brighton Jones LLC increased its holdings in Willis Towers Watson Public by 4.7% in the 4th quarter. Brighton Jones LLC now owns 1,368 shares of the company’s stock valued at $429,000 after buying an additional 61 shares during the period. GAMMA Investing LLC increased its holdings in Willis Towers Watson Public by 20.1% in the 1st quarter. GAMMA Investing LLC now owns 2,981 shares of the company’s stock valued at $1,007,000 after buying an additional 499 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Willis Towers Watson Public by 15.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,011 shares of the company’s stock valued at $2,031,000 after purchasing an additional 815 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Willis Towers Watson Public by 2.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,541 shares of the company’s stock valued at $859,000 after purchasing an additional 54 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Willis Towers Watson Public by 35.6% in the 1st quarter. Bessemer Group Inc. now owns 1,208 shares of the company’s stock valued at $408,000 after purchasing an additional 317 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Down 0.9%

Shares of NASDAQ:WTW opened at $328.34 on Monday. Willis Towers Watson Public Limited Company has a 12 month low of $289.12 and a 12 month high of $352.79. The company’s 50-day moving average price is $335.66 and its two-hundred day moving average price is $319.45. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.58. The firm has a market cap of $32.03 billion, a P/E ratio of 224.89, a P/E/G ratio of 2.63 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, July 31st. The company reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the company posted $2.55 EPS. The company’s revenue was down .2% compared to the same quarter last year. As a group, research analysts forecast 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 initiated a share repurchase plan on Thursday, September 18th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 4.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Willis Towers Watson Public Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an “underweight” rating on the stock in a research note on Monday, July 7th. Evercore ISI boosted their target price on shares of Willis Towers Watson Public from $373.00 to $387.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Citigroup assumed 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 on the stock. Piper Sandler boosted their target price on shares of Willis Towers Watson Public from $369.00 to $387.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Finally, Cantor Fitzgerald started coverage on shares of Willis Towers Watson Public in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $355.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Willis Towers Watson Public currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.42.

Willis Towers Watson Public Profile

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.