Willis Towers Watson Public Limited Company $WTW Position Cut by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 214,429 shares of the company’s stock after selling 6,957 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Willis Towers Watson Public were worth $61,805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cedar Mountain Advisors LLC bought a new stake in Willis Towers Watson Public during the 1st quarter worth about $27,000. Trust Co. of Vermont acquired a new stake in shares of Willis Towers Watson Public in the second quarter valued at about $25,000. Western Wealth Management LLC acquired a new stake in shares of Willis Towers Watson Public in the first quarter valued at about $30,000. Virginia Estate & Retirement Planning Advisors Inc. bought a new stake in Willis Towers Watson Public during the third quarter worth about $31,000. Finally, Raiffeisen Bank International AG raised its holdings in Willis Towers Watson Public by 37.8% during the second quarter. Raiffeisen Bank International AG now owns 124 shares of the company’s stock worth $33,000 after acquiring an additional 34 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW opened at $327.66 on Wednesday. The firm has a market cap of $30.22 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 0.94 and a beta of 0.44. The business’s 50 day moving average is $314.21 and its 200-day moving average is $297.34. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. Willis Towers Watson Public Limited Company has a 1-year low of $240.61 and a 1-year high of $351.51.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Thursday, October 29th. The company reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.59 by $0.04. Willis Towers Watson Public had a return on equity of 22.65% and a net margin of 15.22%. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the previous year, the company posted $3.07 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Equities research analysts predict that Willis Towers Watson Public Limited Company will post 19.79 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.2%. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently 23.43%.

Trending Headlines about Willis Towers Watson Public

Here are the key news stories impacting Willis Towers Watson Public this week:

• Positive Sentiment: BMO Capital raised its price target to $362 from $332, signaling increased confidence in WTW’s potential. BMO Capital Adjusts Price Target on Willis Towers Watson Public to $362 From $332
• Positive Sentiment: Brokerages’ average target price is reported at $369.94, above the current share price, reflecting broadly favorable analyst expectations. Willis Towers Watson Public Limited Company Stock Has Average Target Price of $369.94 According to Brokerages
• Neutral Sentiment: WTW named Steven Alc… as its new principal accounting officer. The announcement indicates a finance leadership change, but the available report provides no further details on its expected impact. Willis Towers Watson Names New Principal Accounting Officer
• Negative Sentiment: Baird, UBS, and Wells Fargo each trimmed their price targets. However, the firms kept positive ratings—Baird’s target is $383, UBS’s is $395 with a Buy rating, and Wells Fargo’s is $360 with an Overweight rating—so the cuts appear modest rather than a shift to a bearish outlook.

Analysts Set New Price Targets

Several brokerages recently commented on WTW. Raymond James Financial increased their price target on Willis Towers Watson Public from $340.00 to $400.00 and gave the company a “strong-buy” rating in a research report on Monday, August 10th. UBS Group lowered their price target on Willis Towers Watson Public from $398.00 to $395.00 and set a “buy” rating on the stock in a research report on Monday. Bank of America dropped their price objective on Willis Towers Watson Public from $381.00 to $365.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Barclays increased their price objective on Willis Towers Watson Public from $303.00 to $332.00 and gave the company an “equal weight” rating in a report on Wednesday, October 7th. Finally, Evercore raised their target price on shares of Willis Towers Watson Public from $374.00 to $390.00 in a research note on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and a consensus target price of $369.94.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and improve performance. Its clients include corporations, governments, institutions and individuals across a range of industries and markets.

The company’s services include insurance brokerage and risk management, reinsurance, employee benefits consulting, retirement and investment advisory, and human capital and organizational consulting.