Willis Towers Watson Public Limited Company $WTW Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 3.0% in the 2nd quarter, Holdings Channel reports. The firm owned 19,132 shares of the company’s stock after selling 596 shares during the quarter. Amalgamated Bank’s holdings in Willis Towers Watson Public were worth $5,864,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WTW. Wayfinding Financial LLC acquired a new stake in shares of Willis Towers Watson Public in the first quarter valued at about $25,000. Cornerstone Planning Group LLC lifted its stake in shares of Willis Towers Watson Public by 750.0% in the first quarter. Cornerstone Planning Group LLC now owns 85 shares of the company’s stock valued at $28,000 after purchasing an additional 75 shares during the period. Larson Financial Group LLC lifted its stake in shares of Willis Towers Watson Public by 122.9% in the first quarter. Larson Financial Group LLC now owns 107 shares of the company’s stock valued at $36,000 after purchasing an additional 59 shares during the period. WPG Advisers LLC acquired a new stake in shares of Willis Towers Watson Public in the first quarter valued at about $43,000. Finally, 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 valued at $47,000 after acquiring an additional 39 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WTW shares. Barclays dropped their target price on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an “underweight” rating for the company in a report on Monday, July 7th. Wells Fargo & Company raised their target price 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. Citigroup started coverage on Willis Towers Watson Public in a research report on Wednesday, August 13th. They set a “neutral” rating and a $351.00 price target for the company. Evercore ISI raised their price target on Willis Towers Watson Public from $373.00 to $387.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Finally, UBS Group raised their price target on Willis Towers Watson Public from $395.00 to $398.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $366.83.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ WTW opened at $313.10 on Friday. The company has a market cap of $30.54 billion, a PE ratio of 214.45, a price-to-earnings-growth ratio of 2.54 and a beta of 0.73. Willis Towers Watson Public Limited Company has a 12 month low of $292.97 and a 12 month 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. The company has a 50-day simple moving average of $334.01 and a 200-day simple moving average of $319.36.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, October 30th. The company reported $3.07 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.02. The business had revenue of $2.29 billion during 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.93 earnings per share. On average, equities analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

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

Willis Towers Watson Public Announces Dividend

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. The ex-dividend date was Tuesday, September 30th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.2%. Willis Towers Watson Public’s payout ratio is 252.05%.

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.