Sumitomo Mitsui Trust Group Inc. Sells 6,957 Shares of Willis Towers Watson Public Limited Company $WTW

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 214,429 shares of the company’s stock after selling 6,957 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Willis Towers Watson Public worth $61,805,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WTW. Mirae Asset Global Investments Co. Ltd. acquired a new position in Willis Towers Watson Public in the 3rd quarter worth approximately $7,239,000. Profund Advisors LLC grew its position in Willis Towers Watson Public by 9.5% during the 3rd quarter. Profund Advisors LLC now owns 867 shares of the company’s stock worth $250,000 after purchasing an additional 75 shares in the last quarter. Vise Technologies Inc. grew its position in Willis Towers Watson Public by 20.0% during the 3rd quarter. Vise Technologies Inc. now owns 2,022 shares of the company’s stock worth $583,000 after purchasing an additional 337 shares in the last quarter. Cidel Asset Management Inc. raised its stake in Willis Towers Watson Public by 6.5% during the 3rd quarter. Cidel Asset Management Inc. now owns 62,154 shares of the company’s stock valued at $17,915,000 after purchasing an additional 3,795 shares during the period. Finally, MGO One Seven LLC acquired a new stake in Willis Towers Watson Public during the 3rd quarter valued at $206,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Willis Towers Watson Public Price Performance

Shares of NASDAQ:WTW opened at $327.66 on Wednesday. The firm has a market capitalization of $30.22 billion, a PE ratio of 17.30, a PEG ratio of 0.94 and a beta of 0.44. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. Willis Towers Watson Public Limited Company has a 1-year low of $240.61 and a 1-year high of $351.51. The business’s 50 day moving average is $314.21 and its 200-day moving average is $297.34.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, October 29th. The company reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.59 by $0.04. Willis Towers Watson Public had a net margin of 15.22% and a return on equity of 22.65%. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period in the previous year, the business earned $3.07 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. Sell-side analysts predict that Willis Towers Watson Public Limited Company will post 19.79 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, September 30th. Willis Towers Watson Public’s payout ratio is 23.43%.

Wall Street Analysts Forecast Growth

WTW has been the topic of a number of research analyst reports. Jefferies Financial Group lowered their price objective on shares of Willis Towers Watson Public from $402.00 to $401.00 and set a “buy” rating on the stock in a research report on Wednesday, September 30th. Barclays increased their target price on shares of Willis Towers Watson Public from $303.00 to $332.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 7th. Citigroup lowered shares of Willis Towers Watson Public from a “buy” rating to a “neutral” rating and lifted their target price for the company from $300.00 to $345.00 in a research note on Monday, August 3rd. Raymond James Financial boosted their price target on shares of Willis Towers Watson Public from $340.00 to $400.00 and gave the company a “strong-buy” rating in a report on Monday, August 10th. Finally, Morgan Stanley dropped their price target on shares of Willis Towers Watson Public from $350.00 to $310.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and a consensus price target of $369.94.

Trending Headlines about Willis Towers Watson Public

Here are the key news stories impacting Willis Towers Watson Public this week:

• Positive Sentiment: BMO Capital raised its price target to $362 from $332, signaling increased confidence in WTW’s potential. BMO Capital Adjusts Price Target on Willis Towers Watson Public to $362 From $332
• Positive Sentiment: Brokerages’ average target price is reported at $369.94, above the current share price, reflecting broadly favorable analyst expectations. Willis Towers Watson Public Limited Company Stock Has Average Target Price of $369.94 According to Brokerages
• Neutral Sentiment: WTW named Steven Alc… as its new principal accounting officer. The announcement indicates a finance leadership change, but the available report provides no further details on its expected impact. Willis Towers Watson Names New Principal Accounting Officer
• Negative Sentiment: Baird, UBS, and Wells Fargo each trimmed their price targets. However, the firms kept positive ratings—Baird’s target is $383, UBS’s is $395 with a Buy rating, and Wells Fargo’s is $360 with an Overweight rating—so the cuts appear modest rather than a shift to a bearish outlook.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and improve performance. Its clients include corporations, governments, institutions and individuals across a range of industries and markets.

The company’s services include insurance brokerage and risk management, reinsurance, employee benefits consulting, retirement and investment advisory, and human capital and organizational consulting.