Willis Towers Watson Public Limited Company $WTW Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd cut its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 37.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,081 shares of the company’s stock after selling 7,832 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Willis Towers Watson Public were worth $3,419,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in WTW. Cromwell Holdings LLC increased its holdings in shares of Willis Towers Watson Public by 41.2% during the 2nd quarter. Cromwell Holdings LLC now owns 240 shares of the company’s stock worth $63,000 after buying an additional 70 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in Willis Towers Watson Public by 3.3% in the second quarter. Handelsbanken Fonder AB now owns 25,987 shares of the company’s stock valued at $6,792,000 after acquiring an additional 839 shares during the last quarter. Polianta Ltd purchased a new position in Willis Towers Watson Public in the second quarter worth approximately $1,698,000. Czech National Bank increased its stake in Willis Towers Watson Public by 3.8% during the second quarter. Czech National Bank now owns 26,884 shares of the company’s stock worth $7,027,000 after acquiring an additional 989 shares during the last quarter. Finally, Evanson Financial LLC acquired a new stake in Willis Towers Watson Public during the second quarter worth $307,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WTW shares. Citigroup reaffirmed a “neutral” rating and issued a $345.00 price target (up from $300.00) on shares of Willis Towers Watson Public in a research note on Monday, August 3rd. BMO Capital Markets raised shares of Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $347.00 to $300.00 in a research note on Friday, May 1st. Cantor Fitzgerald boosted their price target on shares of Willis Towers Watson Public from $344.00 to $380.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. UBS Group upped their price objective on shares of Willis Towers Watson Public from $382.00 to $405.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, Piper Sandler lifted their target price on shares of Willis Towers Watson Public from $283.00 to $317.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Willis Towers Watson Public has a consensus rating of “Moderate Buy” and an average target price of $363.50.

Willis Towers Watson Public Trading Down 0.6%

Shares of WTW stock opened at $340.29 on Thursday. The stock has a market capitalization of $31.60 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 0.98 and a beta of 0.42. Willis Towers Watson Public Limited Company has a fifty-two week low of $240.61 and a fifty-two week high of $352.79. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.68 and a current ratio of 1.68. The company has a 50 day moving average price of $289.68 and a 200 day moving average price of $287.49.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, July 30th. The company reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.23. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. Willis Towers Watson Public had a return on equity of 22.19% and a net margin of 15.49%.Willis Towers Watson Public’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $2.86 earnings per share. Equities research analysts predict that Willis Towers Watson Public Limited Company will post 19.77 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Willis Towers Watson Public’s payout ratio is 23.62%.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.