Team Hewins LLC Cuts Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Team Hewins LLC lessened its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 7.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,285 shares of the company’s stock after selling 106 shares during the period. Team Hewins LLC’s holdings in Willis Towers Watson Public were worth $355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. LPL Financial LLC boosted its holdings in Willis Towers Watson Public by 2.3% in the 3rd quarter. LPL Financial LLC now owns 16,511 shares of the company’s stock worth $3,450,000 after buying an additional 370 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of Willis Towers Watson Public in the third quarter valued at approximately $258,000. Mercer Global Advisors Inc. ADV grew its position in shares of Willis Towers Watson Public by 47.7% in the third quarter. Mercer Global Advisors Inc. ADV now owns 18,838 shares of the company’s stock valued at $3,936,000 after purchasing an additional 6,088 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Willis Towers Watson Public by 71.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 28,940 shares of the company’s stock valued at $6,047,000 after purchasing an additional 12,080 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew its position in shares of Willis Towers Watson Public by 3.6% in the third quarter. SkyView Investment Advisors LLC now owns 2,225 shares of the company’s stock valued at $465,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Up 1.4 %

NASDAQ:WTW traded up $3.74 during trading hours on Thursday, hitting $261.90. The company’s stock had a trading volume of 148,626 shares, compared to its average volume of 454,196. The stock has a fifty day moving average of $256.52 and a 200-day moving average of $259.71. The stock has a market capitalization of $26.78 billion, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 1.48 and a beta of 0.73. Willis Towers Watson Public Limited has a 52-week low of $195.29 and a 52-week high of $278.86. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.55.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings data on Thursday, April 25th. The company reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.21 by $0.08. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.37 billion. Willis Towers Watson Public had a return on equity of 16.31% and a net margin of 10.88%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.84 earnings per share. On average, equities analysts forecast that Willis Towers Watson Public Limited will post 16.27 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, June 28th. Willis Towers Watson Public’s dividend payout ratio is currently 35.31%.

Wall Street Analyst Weigh In

WTW has been the subject of a number of analyst reports. Morgan Stanley dropped their price target on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating for the company in a research report on Wednesday. Bank of America upgraded Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $272.00 to $304.00 in a research report on Wednesday, May 22nd. Evercore ISI upped their price target on Willis Towers Watson Public from $290.00 to $295.00 and gave the stock an “in-line” rating in a research note on Friday, April 26th. Keefe, Bruyette & Woods decreased their price target on Willis Towers Watson Public from $317.00 to $311.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Finally, Citigroup decreased their price target on Willis Towers Watson Public from $315.00 to $312.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Willis Towers Watson Public presently has an average rating of “Moderate Buy” and a consensus price target of $296.29.

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.