Robeco Institutional Asset Management B.V. Sells 1,004 Shares of Willis Towers Watson Public Limited Company $WTW

Robeco Institutional Asset Management B.V. decreased its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 17.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,828 shares of the company’s stock after selling 1,004 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Willis Towers Watson Public were worth $1,480,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Truist Financial Corp raised its stake in shares of Willis Towers Watson Public by 19.1% in the second quarter. Truist Financial Corp now owns 11,539 shares of the company’s stock valued at $3,537,000 after purchasing an additional 1,851 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Willis Towers Watson Public by 52.0% in the second quarter. Janney Montgomery Scott LLC now owns 3,863 shares of the company’s stock valued at $1,184,000 after purchasing an additional 1,322 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of Willis Towers Watson Public by 2.4% in the second quarter. V Square Quantitative Management LLC now owns 2,252 shares of the company’s stock valued at $690,000 after purchasing an additional 53 shares in the last quarter. Patton Fund Management Inc. acquired a new position in shares of Willis Towers Watson Public in the second quarter valued at $223,000. Finally, Maridea Wealth Management LLC raised its stake in shares of Willis Towers Watson Public by 67.0% in the second quarter. Maridea Wealth Management LLC now owns 1,348 shares of the company’s stock valued at $413,000 after purchasing an additional 541 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Trading Up 0.2%

WTW stock opened at $349.93 on Wednesday. The business has a fifty day moving average price of $332.88 and a 200 day moving average price of $318.73. Willis Towers Watson Public Limited Company has a fifty-two week low of $287.05 and a fifty-two week high of $352.79. The stock has a market capitalization of $34.14 billion, a price-to-earnings ratio of 239.68, a P/E/G ratio of 2.78 and a beta of 0.73. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.90 and a quick ratio of 1.90.

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

Willis Towers Watson Public announced that its Board of Directors has approved a share repurchase program 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 shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is 252.05%.

Wall Street Analyst Weigh In

Several research firms recently commented on WTW. Barclays cut their target price on Willis Towers Watson Public from $316.00 to $305.00 and set an “underweight” rating for the company in a research report on Monday, July 7th. Wolfe Research upgraded Willis Towers Watson Public to a “hold” rating in a research report on Monday, September 15th. Piper Sandler raised their target price on Willis Towers Watson Public from $369.00 to $387.00 and gave the stock an “overweight” rating in a research report on Monday. Wells Fargo & Company raised their price target on Willis Towers Watson Public from $358.00 to $377.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Willis Towers Watson Public in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $368.75.

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.