Impax Asset Management Group plc Lowers Stake in Willis Towers Watson Public Limited (NASDAQ:WTW)

Impax Asset Management Group plc lessened its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 10.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,064 shares of the company’s stock after selling 3,188 shares during the quarter. Impax Asset Management Group plc’s holdings in Willis Towers Watson Public were worth $7,677,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in WTW. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Willis Towers Watson Public by 11.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,862 shares of the company’s stock valued at $4,087,000 after acquiring an additional 1,499 shares in the last quarter. Nordea Investment Management AB grew its position in Willis Towers Watson Public by 1.9% during the 1st quarter. Nordea Investment Management AB now owns 7,921 shares of the company’s stock valued at $2,185,000 after purchasing an additional 150 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Willis Towers Watson Public during the 1st quarter valued at about $514,000. Richardson Financial Services Inc. bought a new stake in Willis Towers Watson Public during the 1st quarter valued at about $28,000. Finally, Csenge Advisory Group purchased a new position in Willis Towers Watson Public in the first quarter worth about $265,000. Institutional investors own 93.09% of the company’s stock.

Wall Street Analysts Forecast Growth

WTW has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of Willis Towers Watson Public from $334.00 to $340.00 and gave the company an “overweight” rating in a research report on Monday. Barclays initiated coverage on Willis Towers Watson Public in a report on Wednesday, September 4th. They issued an “underweight” rating and a $278.00 target price for the company. Keefe, Bruyette & Woods boosted their price target on Willis Towers Watson Public from $352.00 to $359.00 and gave the stock an “outperform” rating in a research note on Tuesday. Morgan Stanley dropped their price objective on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group boosted their target price on Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $312.27.

Willis Towers Watson Public Price Performance

Shares of Willis Towers Watson Public stock opened at $307.92 on Wednesday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.70. The stock’s fifty day moving average is $292.70 and its 200 day moving average is $273.95. Willis Towers Watson Public Limited has a one year low of $234.00 and a one year high of $308.87.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, October 31st. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.68 by $0.25. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.24 earnings per share. On average, equities research analysts forecast that Willis Towers Watson Public Limited will post 16.64 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.88 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.14%. Willis Towers Watson Public’s payout ratio is currently -48.35%.

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.