Checchi Capital Advisers LLC Sells 59 Shares of Willis Towers Watson Public Limited Company $WTW

Checchi Capital Advisers LLC decreased its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 6.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 833 shares of the company’s stock after selling 59 shares during the period. Checchi Capital Advisers LLC’s holdings in Willis Towers Watson Public were worth $255,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Dynamic Advisor Solutions LLC boosted its stake in Willis Towers Watson Public by 1.8% during the first quarter. Dynamic Advisor Solutions LLC now owns 2,018 shares of the company’s stock worth $682,000 after acquiring an additional 35 shares in the last quarter. Bessemer Group Inc. boosted its stake in Willis Towers Watson Public by 35.6% during the first quarter. Bessemer Group Inc. now owns 1,208 shares of the company’s stock worth $408,000 after acquiring an additional 317 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Willis Towers Watson Public by 124.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 4,941 shares of the company’s stock worth $1,670,000 after acquiring an additional 2,737 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Willis Towers Watson Public by 22.6% during the first quarter. PNC Financial Services Group Inc. now owns 14,108 shares of the company’s stock worth $4,768,000 after acquiring an additional 2,596 shares in the last quarter. Finally, Ritholtz Wealth Management bought a new stake in Willis Towers Watson Public during the first quarter worth about $406,000. Institutional investors own 93.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of Willis Towers Watson Public from $373.00 to $387.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Piper Sandler upped their target price on shares of Willis Towers Watson Public from $369.00 to $387.00 and gave the stock an “overweight” rating in a research note on Monday. Raymond James Financial reiterated a “strong-buy” rating and issued a $400.00 target price (up previously from $380.00) on shares of Willis Towers Watson Public in a research note on Monday, September 22nd. Morgan Stanley upped their target price on shares of Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an “equal weight” rating in a research note on Monday, August 18th. Finally, Cantor Fitzgerald assumed 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 analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $368.75.

Willis Towers Watson Public Stock Up 0.2%

Shares of Willis Towers Watson Public stock opened at $349.93 on Wednesday. The company has a market cap of $34.14 billion, a price-to-earnings ratio of 239.68, a price-to-earnings-growth ratio of 2.78 and a beta of 0.73. The company’s 50 day moving average is $332.88 and its 200 day moving average is $318.73. Willis Towers Watson Public Limited Company has a twelve month low of $287.05 and a twelve month high of $352.79. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.58.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings data on Thursday, July 31st. The company reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.21. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.23 billion. Willis Towers Watson Public had a net margin of 1.40% and a return on equity of 21.60%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.55 earnings per share. Research analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.92 per share. The ex-dividend date is 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 252.05%.

Willis Towers Watson Public declared that its Board of Directors has authorized a share buyback plan on Thursday, September 18th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 4.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

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.