Exencial Wealth Advisors LLC Decreases Holdings in Willis Towers Watson Public Limited Company $WTW

Exencial Wealth Advisors LLC trimmed its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,972 shares of the company’s stock after selling 790 shares during the period. Exencial Wealth Advisors LLC’s holdings in Willis Towers Watson Public were worth $10,719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in WTW. Brighton Jones LLC boosted its position in Willis Towers Watson Public by 4.7% during the 4th quarter. Brighton Jones LLC now owns 1,368 shares of the company’s stock worth $429,000 after purchasing an additional 61 shares during the period. GAMMA Investing LLC lifted its holdings in Willis Towers Watson Public by 20.1% in the 1st quarter. GAMMA Investing LLC now owns 2,981 shares of the company’s stock worth $1,007,000 after buying an additional 499 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Willis Towers Watson Public by 15.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,011 shares of the company’s stock worth $2,031,000 after buying an additional 815 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Willis Towers Watson Public by 2.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,541 shares of the company’s stock worth $859,000 after buying an additional 54 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Willis Towers Watson Public in the 1st quarter worth $990,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Stock Performance

Shares of Willis Towers Watson Public stock opened at $330.42 on Wednesday. The firm has a market cap of $32.23 billion, a PE ratio of 226.32, a price-to-earnings-growth ratio of 2.64 and a beta of 0.73. The firm’s 50-day simple moving average is $335.69 and its 200-day simple moving average is $318.81. 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 Limited Company has a 1 year low of $287.05 and a 1 year high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, July 31st. The company reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.21. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.23 billion. Willis Towers Watson Public had a net margin of 1.40% and a return on equity of 21.60%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.55 EPS. Equities analysts forecast 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 of Directors has authorized a share repurchase plan on Thursday, September 18th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to buy up to 4.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership 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. Investors of record on Tuesday, September 30th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Willis Towers Watson Public’s dividend payout ratio is currently 252.05%.

Wall Street Analyst Weigh In

WTW has been the topic of a number of recent analyst reports. Evercore ISI boosted their price objective on shares of Willis Towers Watson Public from $373.00 to $387.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Morgan Stanley boosted their price objective on shares of Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an “equal weight” rating in a report on Monday, August 18th. Piper Sandler boosted their price objective on shares of Willis Towers Watson Public from $369.00 to $387.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Barclays cut their price objective on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an “underweight” rating on the stock in a report on Monday, July 7th. Finally, Citigroup began coverage on shares of Willis Towers Watson Public in a report on Wednesday, August 13th. They issued a “neutral” rating and a $351.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and a consensus target price of $369.42.

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.