Envestnet Asset Management Inc. Has $25.94 Million Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Envestnet Asset Management Inc. trimmed its position in Willis Towers Watson Public Limited (NASDAQ:WTW) by 22.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,936 shares of the company’s stock after selling 27,903 shares during the quarter. Envestnet Asset Management Inc. owned 0.10% of Willis Towers Watson Public worth $25,935,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of WTW. Victory Capital Management Inc. boosted its stake in shares of Willis Towers Watson Public by 5.2% in the second quarter. Victory Capital Management Inc. now owns 1,991,311 shares of the company’s stock valued at $522,002,000 after buying an additional 98,922 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Willis Towers Watson Public by 17.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,728,554 shares of the company’s stock valued at $453,123,000 after acquiring an additional 261,562 shares during the period. American Century Companies Inc. increased its position in shares of Willis Towers Watson Public by 22.5% in the second quarter. American Century Companies Inc. now owns 1,006,728 shares of the company’s stock worth $263,904,000 after purchasing an additional 185,126 shares during the period. Acadian Asset Management LLC raised its stake in Willis Towers Watson Public by 53.0% in the second quarter. Acadian Asset Management LLC now owns 638,535 shares of the company’s stock valued at $167,352,000 after purchasing an additional 221,108 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Willis Towers Watson Public during the fourth quarter worth about $107,010,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Trading Down 0.2 %

WTW opened at $288.35 on Friday. The company’s 50 day moving average price is $282.05 and its two-hundred day moving average price is $268.64. The firm has a market capitalization of $29.48 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 1.52 and a beta of 0.74. Willis Towers Watson Public Limited has a fifty-two week low of $203.36 and a fifty-two week high of $296.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.27. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. Willis Towers Watson Public’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.05 earnings per share. As a group, research analysts predict that Willis Towers Watson Public Limited will post 16.51 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.22%. The ex-dividend date is Monday, September 30th. Willis Towers Watson Public’s payout ratio is presently 35.31%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WTW. Keefe, Bruyette & Woods boosted their target price on shares of Willis Towers Watson Public from $320.00 to $323.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Wells Fargo & Company upped their target price on Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Truist Financial lifted their price target on Willis Towers Watson Public from $310.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Barclays initiated coverage on Willis Towers Watson Public in a research report on Wednesday, September 4th. They set an “underweight” rating and a $278.00 price objective for the company. Finally, Morgan Stanley decreased their target price on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Willis Towers Watson Public has a consensus rating of “Hold” and a consensus price target of $298.73.

Willis Towers Watson Public Company 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.