Sage Mountain Advisors LLC Has $268,000 Holdings in Willis Towers Watson Public Limited Company $WTW

Sage Mountain Advisors LLC lessened its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 13.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 875 shares of the company’s stock after selling 136 shares during the period. Sage Mountain Advisors LLC’s holdings in Willis Towers Watson Public were worth $268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in WTW. Nuveen LLC bought a new stake in shares of Willis Towers Watson Public during the 1st quarter worth approximately $195,043,000. Polen Capital Management LLC lifted its holdings in shares of Willis Towers Watson Public by 185.1% during the 1st quarter. Polen Capital Management LLC now owns 366,539 shares of the company’s stock worth $123,872,000 after acquiring an additional 237,953 shares during the period. Woodline Partners LP bought a new stake in shares of Willis Towers Watson Public during the 1st quarter worth approximately $60,390,000. Alyeska Investment Group L.P. lifted its holdings in shares of Willis Towers Watson Public by 6,618.7% during the 1st quarter. Alyeska Investment Group L.P. now owns 126,781 shares of the company’s stock worth $42,846,000 after acquiring an additional 124,894 shares during the period. Finally, Bank of Nova Scotia lifted its holdings in shares of Willis Towers Watson Public by 85.9% during the 1st quarter. Bank of Nova Scotia now owns 169,579 shares of the company’s stock worth $57,309,000 after acquiring an additional 78,342 shares during the period. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Trading Down 0.9%

Shares of NASDAQ WTW opened at $328.34 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.90 and a current ratio of 1.90. Willis Towers Watson Public Limited Company has a 52-week low of $289.12 and a 52-week high of $352.79. The firm has a 50 day moving average price of $335.66 and a two-hundred day moving average price of $319.45. The stock has a market cap of $32.03 billion, a P/E ratio of 224.89, a price-to-earnings-growth ratio of 2.63 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Thursday, July 31st. The company reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.21. Willis Towers Watson Public had a net margin of 1.40% and a return on equity of 21.60%. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the prior year, the company posted $2.55 EPS. The company’s revenue was down .2% on a year-over-year basis. As a group, equities analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public announced that its board has authorized a stock buyback program on Thursday, September 18th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to repurchase up to 4.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Willis Towers Watson Public Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.92 per share. The ex-dividend date was Tuesday, September 30th. This represents a $3.68 annualized dividend and a dividend yield of 1.1%. Willis Towers Watson Public’s dividend payout ratio is 252.05%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WTW shares. UBS Group upped their price objective on shares of 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. Morgan Stanley upped their price objective on shares of Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Monday, August 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Willis Towers Watson Public in a research report on Friday. Raymond James Financial reiterated a “strong-buy” rating and set a $400.00 price objective (up from $380.00) on shares of Willis Towers Watson Public in a research report on Monday, September 22nd. Finally, Evercore ISI upped their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Willis Towers Watson Public has an average rating of “Moderate Buy” and a consensus price target of $369.42.

Willis Towers Watson Public Company Profile

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.