Oppenheimer Asset Management Inc. Reduces Stake in Willis Towers Watson Public Limited (NASDAQ:WTW)

Oppenheimer Asset Management Inc. lessened its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 31.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,301 shares of the company’s stock after selling 1,072 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Willis Towers Watson Public were worth $678,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in WTW. Capital Performance Advisors LLP acquired a new stake in shares of Willis Towers Watson Public in the third quarter valued at approximately $27,000. American National Bank purchased a new stake in shares of Willis Towers Watson Public in the 2nd quarter worth about $36,000. Ashton Thomas Securities LLC acquired a new stake in shares of Willis Towers Watson Public in the third quarter valued at approximately $41,000. Beacon Capital Management LLC grew its holdings in Willis Towers Watson Public by 136.5% during the 1st quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock valued at $48,000 after buying an additional 101 shares during the last quarter. Finally, New Millennium Group LLC acquired a new stake in shares of Willis Towers Watson Public during the second quarter valued at $54,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on WTW. Wells Fargo & Company lifted their target price on shares of Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Roth Mkm increased their target price on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group raised their price objective on Willis Towers Watson Public from $295.00 to $314.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. UBS Group upgraded shares of Willis Towers Watson Public to a “hold” rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods boosted their price target on Willis Towers Watson Public from $352.00 to $359.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Willis Towers Watson Public currently has a consensus rating of “Hold” and an average price target of $312.27.

Willis Towers Watson Public Trading Down 1.6 %

Shares of WTW stock opened at $307.59 on Wednesday. Willis Towers Watson Public Limited has a 1 year low of $234.01 and a 1 year high of $320.77. The firm has a market capitalization of $30.98 billion, a PE ratio of -42.95, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The stock has a fifty day moving average of $296.86 and a two-hundred day moving average of $277.66. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.72 and a current ratio of 1.72.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, October 31st. The company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.25. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the firm earned $2.24 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, research analysts expect that Willis Towers Watson Public Limited will post 16.67 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Monday, September 30th. Willis Towers Watson Public’s dividend payout ratio is -48.35%.

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.