Summit Investment Advisors Inc. Has $1.63 Million Holdings in Willis Towers Watson Public Limited Company $WTW

Summit Investment Advisors Inc. trimmed its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 16.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,813 shares of the company’s stock after selling 974 shares during the period. Summit Investment Advisors Inc.’s holdings in Willis Towers Watson Public were worth $1,626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Larson Financial Group LLC increased its stake in Willis Towers Watson Public by 122.9% during the 1st quarter. Larson Financial Group LLC now owns 107 shares of the company’s stock worth $36,000 after acquiring an additional 59 shares during the period. WPG Advisers LLC bought a new stake in shares of Willis Towers Watson Public during the 1st quarter valued at $43,000. Geneos Wealth Management Inc. grew its holdings in shares of 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 bought a new position in shares of Willis Towers Watson Public in the first quarter worth $54,000. Finally, Ameritas Advisory Services LLC acquired a new position in Willis Towers Watson Public in the second quarter valued at about $70,000. 93.09% of the stock is currently owned by institutional investors.

Willis Towers Watson Public Stock Performance

Shares of Willis Towers Watson Public stock opened at $321.61 on Tuesday. The company’s 50 day moving average price is $332.99 and its two-hundred day moving average price is $319.42. The firm has a market capitalization of $30.79 billion, a P/E ratio of 220.28, a P/E/G ratio of 2.54 and a beta of 0.69. Willis Towers Watson Public Limited Company has a fifty-two week low of $292.97 and a fifty-two week high of $352.79. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.90 and a quick ratio of 1.90.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Thursday, October 30th. The company reported $3.07 EPS for the quarter, beating analysts’ consensus estimates of $3.05 by $0.02. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Willis Towers Watson Public had a return on equity of 21.60% and a net margin of 1.40%.Willis Towers Watson Public’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.93 EPS. On average, equities analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

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

Willis Towers Watson Public Dividend Announcement

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

Wall Street Analysts Forecast Growth

WTW has been the topic of a number of analyst reports. TD Cowen reduced their price objective on shares of Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating on the stock in a research note on Monday. Cantor Fitzgerald assumed coverage on shares of Willis Towers Watson Public in a research report on Wednesday, August 13th. They set a “neutral” rating and a $355.00 price target on the stock. 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. Keefe, Bruyette & Woods cut their target price on Willis Towers Watson Public from $382.00 to $373.00 and set an “outperform” rating for the company in a research note on Tuesday, November 4th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $400.00 target price (up previously from $380.00) on shares of Willis Towers Watson Public in a report on Monday, September 22nd. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $368.77.

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.