Caisse DE Depot ET Placement DU Quebec Reduces Position in Willis Towers Watson Public Limited Company $WTW

Caisse DE Depot ET Placement DU Quebec lessened its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 15.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 446,734 shares of the company’s stock after selling 79,349 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Willis Towers Watson Public were worth $150,974,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. boosted its stake in shares of Willis Towers Watson Public by 2.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,856,440 shares of the company’s stock valued at $965,334,000 after purchasing an additional 67,898 shares during the period. Northern Trust Corp raised its holdings in Willis Towers Watson Public by 14.3% in the fourth quarter. Northern Trust Corp now owns 1,216,487 shares of the company’s stock worth $381,052,000 after purchasing an additional 152,128 shares in the last quarter. Wellington Management Group LLP raised its holdings in Willis Towers Watson Public by 7.0% in the first quarter. Wellington Management Group LLP now owns 1,057,635 shares of the company’s stock worth $357,428,000 after purchasing an additional 69,205 shares in the last quarter. GAMMA Investing LLC raised its holdings in Willis Towers Watson Public by 40,489.4% in the first quarter. GAMMA Investing LLC now owns 1,007,429 shares of the company’s stock worth $340,461,000 after purchasing an additional 1,004,947 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Willis Towers Watson Public by 10.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 936,390 shares of the company’s stock worth $293,315,000 after purchasing an additional 91,973 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WTW. Citigroup began coverage on Willis Towers Watson Public in a report on Wednesday, August 13th. They set a “neutral” rating and a $351.00 price target for the company. Barclays reduced their price target on Willis Towers Watson Public from $316.00 to $305.00 and set an “underweight” rating for the company in a report on Monday, July 7th. Morgan Stanley raised their price target on Willis Towers Watson Public from $335.00 to $345.00 and gave the company an “equal weight” rating in a report on Monday, August 18th. Cantor Fitzgerald began coverage on Willis Towers Watson Public in a report on Wednesday, August 13th. They set a “neutral” rating and a $355.00 price target for the company. Finally, Keefe, Bruyette & Woods reduced their price target on Willis Towers Watson Public from $371.00 to $366.00 and set an “outperform” rating for the company in a report on Monday, April 28th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Willis Towers Watson Public presently has an average rating of “Moderate Buy” and a consensus price target of $362.92.

Insider Buying and Selling

In related news, CFO Andrew Jay Krasner sold 1,600 shares of Willis Towers Watson Public stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $315.75, for a total value of $505,200.00. Following the completion of the sale, the chief financial officer directly owned 11,982 shares in the company, valued at approximately $3,783,316.50. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.32% of the company’s stock.

Willis Towers Watson Public Price Performance

NASDAQ WTW opened at $339.25 on Monday. Willis Towers Watson Public Limited Company has a one year low of $280.86 and a one year high of $344.14. The stock has a 50-day moving average of $312.96 and a 200 day moving average of $316.94. The company has a market capitalization of $33.09 billion, a price-to-earnings ratio of 232.36, a PEG ratio of 2.70 and a beta of 0.67. 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 (NASDAQ:WTW) last released its quarterly earnings data on Thursday, July 31st. The company reported $2.86 EPS 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 company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period last year, the company earned $2.55 EPS. Willis Towers Watson Public’s revenue for the quarter was down .2% on a year-over-year basis. On average, sell-side analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

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.