Healthcare of Ontario Pension Plan Trust Fund Has $2.75 Million Stock Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Healthcare of Ontario Pension Plan Trust Fund decreased its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 82.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the company’s stock after selling 46,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Willis Towers Watson Public were worth $2,750,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WTW. Victory Capital Management Inc. raised its holdings in shares of Willis Towers Watson Public by 4,811.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,472,707 shares of the company’s stock worth $355,217,000 after acquiring an additional 1,442,722 shares in the last quarter. Norges Bank bought a new stake in shares of Willis Towers Watson Public in the 4th quarter valued at approximately $300,782,000. Balyasny Asset Management L.P. acquired a new position in Willis Towers Watson Public in the fourth quarter worth approximately $107,010,000. Acadian Asset Management LLC raised its position in 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 valued at $114,765,000 after acquiring an additional 350,135 shares in the last quarter. Finally, Sound Shore Management Inc. CT acquired a new stake in Willis Towers Watson Public in the fourth quarter valued at approximately $73,185,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

WTW has been the topic of a number of recent research reports. Raymond James restated an “outperform” rating and set a $315.00 price target (up previously from $295.00) on shares of Willis Towers Watson Public in a report on Thursday, March 28th. Citigroup decreased their price target on Willis Towers Watson Public from $315.00 to $312.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Morgan Stanley cut 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 note on Wednesday, July 10th. Evercore ISI boosted their target price on Willis Towers Watson Public from $290.00 to $295.00 and gave the stock an “in-line” rating in a report on Friday, April 26th. Finally, Keefe, Bruyette & Woods lowered their price target on Willis Towers Watson Public from $317.00 to $311.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $296.50.

Willis Towers Watson Public Stock Up 4.0 %

WTW stock opened at $277.60 on Friday. Willis Towers Watson Public Limited has a twelve month low of $195.29 and a twelve month high of $281.00. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.55. The company has a market cap of $28.38 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 1.52 and a beta of 0.73. The business’s 50-day simple moving average is $259.12 and its 200 day simple moving average is $261.58.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data 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 business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Willis Towers Watson Public had a return on equity of 16.31% and a net margin of 10.88%. Willis Towers Watson Public’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.05 earnings per share. On average, research analysts anticipate that Willis Towers Watson Public Limited will post 16.27 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Sunday, June 30th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, June 28th. Willis Towers Watson Public’s payout ratio is 35.31%.

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.