Harbour Capital Advisors LLC Raises Holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Harbour Capital Advisors LLC boosted its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 45.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,175 shares of the company’s stock after acquiring an additional 680 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Willis Towers Watson Public were worth $723,000 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. Dynamic Advisor Solutions LLC boosted its position in Willis Towers Watson Public by 1.8% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 2,018 shares of the company’s stock worth $682,000 after purchasing an additional 35 shares during the period. Ritholtz Wealth Management purchased a new stake in shares of Willis Towers Watson Public in the first quarter worth about $406,000. Sanctuary Advisors LLC grew its stake in shares of Willis Towers Watson Public by 2.7% in the fourth quarter. Sanctuary Advisors LLC now owns 4,135 shares of the company’s stock valued at $1,364,000 after buying an additional 109 shares in the last quarter. Sunriver Management LLC raised its holdings in shares of Willis Towers Watson Public by 0.7% during the 4th quarter. Sunriver Management LLC now owns 175,627 shares of the company’s stock valued at $55,013,000 after buying an additional 1,223 shares during the period. Finally, Atria Wealth Solutions Inc. acquired a new position in Willis Towers Watson Public during the 4th quarter worth approximately $263,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WTW. UBS Group raised shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and increased their price objective for the company from $344.00 to $395.00 in a research report on Tuesday, March 18th. Jefferies Financial Group decreased their target price on shares of Willis Towers Watson Public from $373.00 to $371.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Keefe, Bruyette & Woods dropped their price target on shares of Willis Towers Watson Public from $371.00 to $366.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Finally, Barclays upped their price objective on shares of Willis Towers Watson Public from $302.00 to $316.00 and gave the company an “underweight” rating in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $356.30.

Willis Towers Watson Public Price Performance

WTW opened at $303.69 on Tuesday. The company has a market capitalization of $30.11 billion, a P/E ratio of -607.37, a PEG ratio of 2.55 and a beta of 0.70. The company has a 50-day moving average of $308.81 and a 200-day moving average of $317.46. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.89 and a current ratio of 1.89. Willis Towers Watson Public Limited Company has a 1-year low of $255.19 and a 1-year high of $344.14.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Thursday, April 24th. The company reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.27 by ($0.14). The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.29 billion. Willis Towers Watson Public had a negative net margin of 0.54% and a positive return on equity of 20.53%. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.13 EPS. Equities analysts expect that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Monday, June 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently -736.00%.

Insiders Place Their Bets

In other news, CFO Andrew Jay Krasner sold 1,600 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $315.75, for a total transaction of $505,200.00. Following the sale, the chief financial officer now directly owns 11,982 shares in the company, valued at approximately $3,783,316.50. This represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

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.