ProShare Advisors LLC Sells 1,429 Shares of Willis Towers Watson Public Limited Company $WTW

ProShare Advisors LLC decreased its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 6.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,934 shares of the company’s stock after selling 1,429 shares during the quarter. ProShare Advisors LLC’s holdings in Willis Towers Watson Public were worth $6,723,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its position in shares of Willis Towers Watson Public by 10.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 392 shares of the company’s stock worth $120,000 after purchasing an additional 36 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Willis Towers Watson Public by 38.6% in the first quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after buying an additional 39 shares during the last quarter. Horizon Investments LLC lifted its stake in shares of Willis Towers Watson Public by 3.2% in the first quarter. Horizon Investments LLC now owns 1,433 shares of the company’s stock worth $484,000 after buying an additional 45 shares in the last quarter. Aaron Wealth Advisors LLC grew its holdings in shares of Willis Towers Watson Public by 7.3% during the second quarter. Aaron Wealth Advisors LLC now owns 687 shares of the company’s stock valued at $211,000 after buying an additional 47 shares during the last quarter. Finally, Zions Bancorporation National Association UT increased its position in shares of Willis Towers Watson Public by 31.3% during the second quarter. Zions Bancorporation National Association UT now owns 210 shares of the company’s stock valued at $64,000 after acquiring an additional 50 shares in the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Stock Performance

WTW opened at $324.30 on Friday. The company’s 50 day moving average is $332.67 and its 200 day moving average is $319.60. 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 company has a market cap of $31.05 billion, a price-to-earnings ratio of 222.12, a PEG ratio of 2.54 and a beta of 0.69. Willis Towers Watson Public Limited Company has a 12-month low of $292.97 and a 12-month high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Thursday, October 30th. The company reported $3.07 earnings per share for the quarter, topping the consensus estimate 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 company’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the firm earned $2.93 earnings per share. On average, equities research analysts predict that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

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

Willis Towers Watson Public Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.92 per share. The ex-dividend date was Tuesday, September 30th. This represents a $3.68 annualized dividend and a yield of 1.1%. Willis Towers Watson Public’s payout ratio is 17.52%.

Wall Street Analyst Weigh In

Several analysts have commented on WTW shares. TD Cowen cut their target price on Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating on the stock in a research note on Monday. Evercore ISI lifted their price objective on Willis Towers Watson Public from $373.00 to $387.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Morgan Stanley boosted their target price on Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Monday, August 18th. Cantor Fitzgerald began coverage on shares of Willis Towers Watson Public in a report on Wednesday, August 13th. They set a “neutral” rating and a $355.00 price target on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of Willis Towers Watson Public from $377.00 to $382.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $368.77.

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.