Willis Towers Watson Public Limited Company $WTW Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 2.2% in the second quarter, HoldingsChannel reports. The firm owned 45,694 shares of the company’s stock after selling 1,039 shares during the period. TD Asset Management Inc’s holdings in Willis Towers Watson Public were worth $14,005,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WTW. Brighton Jones LLC boosted its holdings in Willis Towers Watson Public by 4.7% in the fourth quarter. Brighton Jones LLC now owns 1,368 shares of the company’s stock valued at $429,000 after purchasing an additional 61 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Willis Towers Watson Public by 20.1% in the first quarter. GAMMA Investing LLC now owns 2,981 shares of the company’s stock valued at $1,007,000 after purchasing an additional 499 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Willis Towers Watson Public by 15.7% in the first 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 during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Willis Towers Watson Public by 2.2% in the first 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 during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Willis Towers Watson Public by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 11,695 shares of the company’s stock valued at $3,952,000 after purchasing an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Trading Up 0.7%

Shares of NASDAQ WTW opened at $330.15 on Friday. The company has a market cap of $32.21 billion, a price-to-earnings ratio of 226.13, a price-to-earnings-growth ratio of 2.64 and a beta of 0.73. Willis Towers Watson Public Limited Company has a 12-month low of $287.05 and a 12-month high of $352.79. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.58. The stock’s 50 day simple moving average is $335.67 and its 200 day simple moving average is $318.67.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Thursday, July 31st. The company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.21. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.23 billion. Willis Towers Watson Public had a return on equity of 21.60% and a net margin of 1.40%.The business’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the business posted $2.55 EPS. Equities research analysts expect that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public announced that its board has approved a stock repurchase plan on Thursday, September 18th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Willis Towers Watson Public Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on WTW. Barclays reduced their target price on Willis Towers Watson Public from $316.00 to $305.00 and set an “underweight” rating on the stock in a report on Monday, July 7th. Morgan Stanley increased their target price on Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an “equal weight” rating in a report on Monday, August 18th. Wells Fargo & Company increased their target price on Willis Towers Watson Public from $377.00 to $382.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Piper Sandler increased their target price on Willis Towers Watson Public from $369.00 to $387.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Finally, Cantor Fitzgerald started coverage on Willis Towers Watson Public in a report on Wednesday, August 13th. They set a “neutral” rating and a $355.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $369.42.

About Willis Towers Watson Public

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.