SG Americas Securities LLC Sells 51,670 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

SG Americas Securities LLC trimmed its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 79.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,188 shares of the company's stock after selling 51,670 shares during the quarter. SG Americas Securities LLC's holdings in Willis Towers Watson Public were worth $3,884,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. State Board of Administration of Florida Retirement System boosted its position in shares of Willis Towers Watson Public by 6.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 116,615 shares of the company's stock worth $32,069,000 after buying an additional 7,404 shares during the period. M&G Plc acquired a new position in shares of Willis Towers Watson Public during the first quarter worth approximately $12,318,000. Gillson Capital LP boosted its position in shares of Willis Towers Watson Public by 27.3% during the fourth quarter. Gillson Capital LP now owns 253,591 shares of the company's stock worth $61,166,000 after buying an additional 54,361 shares during the period. Bridgewater Associates LP boosted its position in shares of Willis Towers Watson Public by 60.0% during the fourth quarter. Bridgewater Associates LP now owns 74,799 shares of the company's stock worth $18,042,000 after buying an additional 28,046 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Willis Towers Watson Public by 520.3% during the first quarter. Acadian Asset Management LLC now owns 417,427 shares of the company's stock worth $114,765,000 after buying an additional 350,135 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Stock Down 0.9 %

Shares of WTW traded down $2.70 during mid-day trading on Monday, reaching $287.99. The company's stock had a trading volume of 567,635 shares, compared to its average volume of 461,869. The business has a fifty day moving average of $286.89 and a 200 day moving average of $269.92. The company has a market cap of $29.44 billion, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. Willis Towers Watson Public Limited has a 1 year low of $203.36 and a 1 year high of $303.42. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.56.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last released its earnings results on Thursday, July 25th. The company reported $2.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.28 by $0.27. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 earnings per share. As a group, analysts forecast that Willis Towers Watson Public Limited will post 16.52 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.88 dividend. The ex-dividend date is Monday, September 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.22%. Willis Towers Watson Public's payout ratio is currently 35.31%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on WTW shares. Barclays started coverage on Willis Towers Watson Public in a research report on Wednesday, September 4th. They issued an "underweight" rating and a $278.00 target price for the company. Truist Financial upped their target price on Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. Wells Fargo & Company upped their target price on Willis Towers Watson Public from $321.00 to $334.00 and gave the stock an "overweight" rating in a research report on Thursday. Roth Mkm upped their target price on 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. Finally, Morgan Stanley cut their target price on Willis Towers Watson Public from $275.00 to $272.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $309.14.

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.