Willis Towers Watson Public Limited Company $WTW Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 4.0% in the second quarter, HoldingsChannel reports. The firm owned 1,627 shares of the company’s stock after purchasing an additional 62 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Willis Towers Watson Public were worth $499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. boosted its position in Willis Towers Watson Public by 35.6% during the 1st quarter. Bessemer Group Inc. now owns 1,208 shares of the company’s stock worth $408,000 after acquiring an additional 317 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Willis Towers Watson Public by 124.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,941 shares of the company’s stock worth $1,670,000 after acquiring an additional 2,737 shares during the period. PNC Financial Services Group Inc. boosted its position in Willis Towers Watson Public by 22.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,108 shares of the company’s stock worth $4,768,000 after acquiring an additional 2,596 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Willis Towers Watson Public by 15.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,011 shares of the company’s stock worth $2,031,000 after acquiring an additional 815 shares during the period. Finally, Townsquare Capital LLC boosted its position in Willis Towers Watson Public by 33.9% during the 1st quarter. Townsquare Capital LLC now owns 9,196 shares of the company’s stock worth $3,108,000 after acquiring an additional 2,327 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Performance

WTW opened at $330.05 on Tuesday. Willis Towers Watson Public Limited Company has a 52-week low of $287.05 and a 52-week high of $352.79. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market cap of $32.20 billion, a PE ratio of 226.06, a price-to-earnings-growth ratio of 2.64 and a beta of 0.73. The stock has a 50-day moving average of $335.68 and a 200-day moving average of $318.73.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, July 31st. The company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.21. Willis Towers Watson Public had a return on equity of 21.60% and a net margin of 1.40%.The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the firm earned $2.55 EPS. The firm’s revenue was down .2% compared to the same quarter last year. As a group, equities research 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given 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 of this dividend was Tuesday, September 30th. Willis Towers Watson Public’s payout ratio is currently 252.05%.

Willis Towers Watson Public declared that its board has approved a stock repurchase plan on Thursday, September 18th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to buy up to 4.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WTW. Piper Sandler boosted their price target on Willis Towers Watson Public from $369.00 to $387.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Wells Fargo & Company boosted their price objective on Willis Towers Watson Public from $377.00 to $382.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. UBS Group boosted their price objective on Willis Towers Watson Public from $395.00 to $398.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Evercore ISI boosted their price objective on Willis Towers Watson Public from $373.00 to $387.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Finally, Morgan Stanley boosted their price objective on Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an “equal weight” rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Willis Towers Watson Public presently has a consensus rating of “Moderate Buy” and an average price target of $369.42.

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.