Montag A & Associates Inc. Has $2.62 Million Stock Holdings in Willis Towers Watson Public Limited Company $WTW

Montag A & Associates Inc. trimmed its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 5.0% during the second quarter, Holdings Channel reports. The firm owned 8,536 shares of the company’s stock after selling 452 shares during the quarter. Montag A & Associates Inc.’s holdings in Willis Towers Watson Public were worth $2,623,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of WTW. Nuveen LLC bought a new stake in Willis Towers Watson Public in the first quarter valued at approximately $195,043,000. Polen Capital Management LLC boosted its stake 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 acquired a new position in shares of Willis Towers Watson Public during the 1st quarter worth approximately $60,390,000. Alyeska Investment Group L.P. raised its stake in Willis Towers Watson Public by 6,618.7% in the 1st quarter. Alyeska Investment Group L.P. now owns 126,781 shares of the company’s stock valued at $42,846,000 after acquiring an additional 124,894 shares during the period. Finally, Bank of Nova Scotia lifted its holdings in 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 valued at $57,309,000 after purchasing an additional 78,342 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on WTW. Weiss Ratings upgraded shares of Willis Towers Watson Public from a “hold (c)” rating to a “buy (b)” rating in a report on Friday. UBS Group upped their price target on shares of Willis Towers Watson Public from $395.00 to $398.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Raymond James Financial restated 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. Evercore ISI upped their target price on Willis Towers Watson Public from $373.00 to $387.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Finally, Piper Sandler lowered their target price on Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $368.77.

Willis Towers Watson Public Stock Performance

NASDAQ WTW opened at $322.14 on Wednesday. The firm has a 50-day moving average price of $332.92 and a two-hundred day moving average price of $319.56. 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 market capitalization of $30.84 billion, a P/E ratio of 220.65, a P/E/G ratio of 2.54 and a beta of 0.69. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.58.

Willis Towers Watson Public (NASDAQ:WTW) last announced its earnings results on Thursday, October 30th. The company reported $3.07 EPS for the quarter, topping the consensus estimate of $3.05 by $0.02. Willis Towers Watson Public had a net margin of 1.40% and a return on equity of 21.60%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the firm earned $2.93 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. Analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, September 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is 17.52%.

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

Willis Towers Watson Public 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.