Willis Towers Watson Public Limited Company $WTW Position Cut by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 53.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,784 shares of the company’s stock after selling 70,827 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.06% of Willis Towers Watson Public worth $18,937,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of WTW. Nuveen LLC acquired a new position in Willis Towers Watson Public during the 1st quarter valued at about $195,043,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Willis Towers Watson Public by 1,320.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 324,317 shares of the company’s stock valued at $99,403,000 after purchasing an additional 301,493 shares during the period. Polen Capital Management LLC raised its holdings in shares of Willis Towers Watson Public by 185.1% during the first quarter. Polen Capital Management LLC now owns 366,539 shares of the company’s stock valued at $123,872,000 after buying an additional 237,953 shares during the last quarter. Woodline Partners LP bought a new stake in shares of Willis Towers Watson Public during the first quarter valued at approximately $60,390,000. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Willis Towers Watson Public by 2.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,238,308 shares of the company’s stock worth $1,912,041,000 after buying an additional 146,104 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Ratings Changes

WTW has been the topic of several analyst reports. TD Cowen lowered their target price on Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Piper Sandler decreased their price target on Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. 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 on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Willis Towers Watson Public from $382.00 to $373.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 4th. Finally, 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 report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $368.77.

Willis Towers Watson Public Stock Up 0.3%

Shares of WTW stock opened at $319.52 on Wednesday. Willis Towers Watson Public Limited Company has a 1 year low of $292.97 and a 1 year high of $352.79. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.90 and a current ratio of 1.90. The business’s fifty day moving average is $332.05 and its 200-day moving average is $320.07. The stock has a market cap of $30.59 billion, a PE ratio of 218.85, a price-to-earnings-growth ratio of 2.54 and a beta of 0.69.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Thursday, October 30th. The company reported $3.07 earnings per share for the quarter, beating the consensus estimate of $3.05 by $0.02. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. Willis Towers Watson Public had a return on equity of 21.60% and a net margin of 1.40%.The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.93 earnings per share. Equities analysts expect that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public announced that its board has approved a stock repurchase plan on Thursday, September 18th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to purchase up to 4.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Willis Towers Watson Public Announces Dividend

The firm 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 1.2%. Willis Towers Watson Public’s dividend payout ratio (DPR) is 17.52%.

About Willis Towers Watson Public

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.