Raymond James & Associates Reduces Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Raymond James & Associates reduced its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 13.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,926 shares of the company’s stock after selling 16,243 shares during the period. Raymond James & Associates owned about 0.10% of Willis Towers Watson Public worth $31,198,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WTW. Richardson Financial Services Inc. purchased a new stake in shares of Willis Towers Watson Public during the first quarter worth about $28,000. American National Bank bought a new position in Willis Towers Watson Public during the 2nd quarter valued at approximately $36,000. Beacon Capital Management LLC lifted its holdings in Willis Towers Watson Public by 136.5% in the 1st quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock worth $48,000 after buying an additional 101 shares during the period. New Millennium Group LLC bought a new stake in shares of Willis Towers Watson Public in the 2nd quarter worth approximately $54,000. Finally, LRI Investments LLC purchased a new position in shares of Willis Towers Watson Public during the first quarter valued at approximately $58,000. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Performance

Shares of WTW stock opened at $291.92 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.94 and a current ratio of 1.94. The company has a market capitalization of $29.84 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 1.83 and a beta of 0.74. Willis Towers Watson Public Limited has a one year low of $204.18 and a one year high of $303.42. The company’s 50-day moving average is $290.24 and its 200 day moving average is $271.68.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Thursday, July 25th. The company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.27. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 earnings per share. Sell-side analysts expect that Willis Towers Watson Public Limited will post 16.49 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Monday, September 30th. Willis Towers Watson Public’s dividend payout ratio is currently 35.31%.

Analyst Ratings Changes

WTW has been the subject of a number of research analyst reports. Morgan Stanley dropped their price target on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Truist Financial lifted their target price on shares of Willis Towers Watson Public from $335.00 to $365.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Barclays began coverage on shares of Willis Towers Watson Public in a research note on Wednesday, September 4th. They issued an “underweight” rating and a $278.00 price target for the company. Roth Mkm lifted their price objective on Willis Towers Watson Public from $315.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their target price on Willis Towers Watson Public from $321.00 to $334.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $309.47.

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.