Point72 Asia Singapore Pte. Ltd. Decreases Stock Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Point72 Asia Singapore Pte. Ltd. reduced its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 83.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 420 shares of the company’s stock after selling 2,193 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Willis Towers Watson Public were worth $110,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Richardson Financial Services Inc. bought a new stake in Willis Towers Watson Public in the first quarter valued at $28,000. American National Bank bought a new stake in shares of Willis Towers Watson Public during the 2nd quarter valued at about $36,000. Beacon Capital Management LLC increased its position in shares of Willis Towers Watson Public by 136.5% during the first quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock valued at $48,000 after buying an additional 101 shares during the period. New Millennium Group LLC bought a new position in Willis Towers Watson Public in the second quarter worth about $54,000. Finally, LRI Investments LLC purchased a new stake in Willis Towers Watson Public in the first quarter worth about $58,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WTW. Barclays initiated coverage on Willis Towers Watson Public in a report on Wednesday, September 4th. They set an “underweight” rating and a $278.00 target price on the stock. Wells Fargo & Company increased their price objective on Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Truist Financial upped their target price on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Roth Mkm lifted their price target on shares of Willis Towers Watson Public from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Morgan Stanley cut their price objective on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Willis Towers Watson Public has a consensus rating of “Hold” and an average target price of $298.73.

Willis Towers Watson Public Price Performance

Shares of WTW opened at $293.02 on Friday. Willis Towers Watson Public Limited has a twelve month low of $203.36 and a twelve month high of $296.45. The company has a market capitalization of $29.76 billion, a P/E ratio of 29.39, a price-to-earnings-growth ratio of 1.50 and a beta of 0.74. The firm has a 50 day moving average of $284.64 and a 200 day moving average of $269.27. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.56.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Thursday, July 25th. The company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.27. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.05 EPS. As a group, equities research analysts anticipate that Willis Towers Watson Public Limited will post 16.51 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Monday, September 30th. Willis Towers Watson Public’s dividend payout ratio is currently 35.31%.

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.