Penserra Capital Management LLC Has $166,000 Stock Holdings in Willis Towers Watson Public Limited Company $WTW

Penserra Capital Management LLC reduced its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 82.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 547 shares of the company’s stock after selling 2,577 shares during the period. Penserra Capital Management LLC’s holdings in Willis Towers Watson Public were worth $166,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC increased its position in shares of Willis Towers Watson Public by 122.9% during the first quarter. Larson Financial Group LLC now owns 107 shares of the company’s stock worth $36,000 after acquiring an additional 59 shares in the last quarter. WPG Advisers LLC acquired a new position in Willis Towers Watson Public in the 1st quarter worth $43,000. Geneos Wealth Management Inc. increased its holdings in Willis Towers Watson Public by 38.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after purchasing an additional 39 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Willis Towers Watson Public in the 1st quarter valued at about $54,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Willis Towers Watson Public in the 2nd quarter valued at about $70,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WTW shares. Wolfe Research upgraded Willis Towers Watson Public to a “hold” rating in a report on Monday, September 15th. Weiss Ratings raised shares of Willis Towers Watson Public from a “hold (c)” rating to a “buy (b)” rating in a research note on Friday, November 7th. Keefe, Bruyette & Woods lowered their price objective on shares of Willis Towers Watson Public from $382.00 to $373.00 and set an “outperform” rating on the stock in a report on Tuesday, November 4th. Evercore ISI increased their target price on shares of Willis Towers Watson Public from $373.00 to $387.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Finally, Piper Sandler decreased their target price on shares of Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Willis Towers Watson Public presently has an average rating of “Moderate Buy” and an average target price of $368.77.

Willis Towers Watson Public Trading Up 1.3%

Shares of Willis Towers Watson Public stock opened at $324.30 on Friday. The stock has a market cap of $31.05 billion, a P/E ratio of 222.12, a P/E/G ratio of 2.54 and a beta of 0.69. 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 Limited Company has a 12-month low of $292.97 and a 12-month high of $352.79. The business’s 50 day moving average is $332.67 and its 200-day moving average is $319.60.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, October 30th. The company reported $3.07 earnings per share for the quarter, topping analysts’ consensus estimates of $3.05 by $0.02. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 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 up .0% on a year-over-year basis. During the same period in the previous year, the company earned $2.93 earnings per share. Equities research analysts predict that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Willis Towers Watson Public’s dividend payout ratio is presently 17.52%.

Willis Towers Watson Public declared that its board has approved a share repurchase program on Thursday, September 18th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to reacquire up to 4.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

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.