Sequoia Financial Advisors LLC Increases Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Sequoia Financial Advisors LLC raised its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 29.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,542 shares of the company’s stock after buying an additional 353 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Willis Towers Watson Public were worth $454,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in WTW. Richardson Financial Services Inc. purchased a new position in Willis Towers Watson Public during the first quarter valued at $28,000. American National Bank bought a new stake in shares of Willis Towers Watson Public in the 2nd quarter worth $36,000. Beacon Capital Management LLC increased its holdings in shares of 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 purchasing an additional 101 shares in the last quarter. New Millennium Group LLC bought a new stake in shares of Willis Towers Watson Public in the 2nd quarter worth $54,000. Finally, LRI Investments LLC bought a new stake in shares of Willis Towers Watson Public in the 1st quarter worth $58,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on WTW shares. Truist Financial lifted their target price on Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company lifted their target price on Willis Towers Watson Public from $321.00 to $334.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Keefe, Bruyette & Woods lifted their target price on Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Barclays initiated coverage on Willis Towers Watson Public in a report on Wednesday, September 4th. They issued an “underweight” rating and a $278.00 price objective for the company. Finally, Morgan Stanley cut their price objective on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $309.47.

Willis Towers Watson Public Stock Performance

Shares of WTW opened at $290.45 on Monday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.56. The business has a 50-day simple moving average of $290.65 and a two-hundred day simple moving average of $272.01. The stock has a market cap of $29.69 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 1.84 and a beta of 0.74. Willis Towers Watson Public Limited has a 52 week low of $220.00 and a 52 week high of $303.42.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, July 25th. The company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.27. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.05 earnings per share. On average, analysts expect that Willis Towers Watson Public Limited will post 16.49 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

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

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.