Willis Towers Watson Public Limited (NASDAQ:WTW – Get Free Report) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 794,800 shares, a growth of 32.0% from the July 31st total of 602,100 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 673,200 shares, the short-interest ratio is presently 1.2 days.
Willis Towers Watson Public Trading Up 0.4 %
NASDAQ:WTW opened at $206.50 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $21.65 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 1.38 and a beta of 0.74. The firm’s 50 day moving average is $219.78 and its 200 day moving average is $227.40. Willis Towers Watson Public has a 12 month low of $195.29 and a 12 month high of $258.93.
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last posted its quarterly earnings results on Thursday, July 27th. The company reported $2.05 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.28). Willis Towers Watson Public had a return on equity of 14.55% and a net margin of 11.84%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the firm posted $2.32 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Sell-side analysts expect that Willis Towers Watson Public will post 14 earnings per share for the current year.
Willis Towers Watson Public Announces Dividend
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. TheStreet downgraded Willis Towers Watson Public from a “b-” rating to a “c+” rating in a research report on Wednesday, August 23rd. BMO Capital Markets downgraded Willis Towers Watson Public from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $230.00 to $205.00 in a report on Tuesday, August 8th. Citigroup lowered their target price on Willis Towers Watson Public from $251.00 to $221.00 and set a “neutral” rating for the company in a research report on Wednesday, August 9th. Morgan Stanley began coverage on Willis Towers Watson Public in a research report on Tuesday, June 20th. They set an “equal weight” rating and a $251.00 target price for the company. Finally, Raymond James reaffirmed an “outperform” rating and set a $260.00 target price (down from $270.00) on shares of Willis Towers Watson Public in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $259.29.
View Our Latest Stock Analysis on WTW
Insider Transactions at Willis Towers Watson Public
In related news, insider Julie Jarecke Gebauer sold 2,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $231.69, for a total transaction of $463,380.00. Following the completion of the transaction, the insider now directly owns 75,240 shares of the company’s stock, valued at $17,432,355.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in Willis Towers Watson Public by 2,844.7% in the first quarter. Envestnet Asset Management Inc. now owns 1,985,669 shares of the company’s stock worth $13,558,000 after acquiring an additional 1,918,237 shares in the last quarter. Norges Bank purchased a new position in Willis Towers Watson Public in the fourth quarter worth $276,426,000. abrdn plc grew its position in Willis Towers Watson Public by 1,754.2% in the fourth quarter. abrdn plc now owns 534,424 shares of the company’s stock worth $130,709,000 after acquiring an additional 505,602 shares in the last quarter. American Century Companies Inc. boosted its position in Willis Towers Watson Public by 11,598.3% during the fourth quarter. American Century Companies Inc. now owns 485,715 shares of the company’s stock valued at $118,796,000 after buying an additional 481,563 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new stake in Willis Towers Watson Public during the second quarter valued at about $87,241,000. Institutional investors own 91.41% of the company’s stock.
About Willis Towers Watson Public
Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth and 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 programs; actuarial support, plan design, and administrative services for pension and retirement savings plans; and benefits outsourcing services, including a suite of health and welfare, and pension administration outsourcing services.
Featured Stories
- Five stocks we like better than Willis Towers Watson Public
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- 3 Reasons High-Yield Bloomin’ Brands is About to Blossom
- NYSE Stocks Give Investors a Variety of Quality OptionsÂ
- 5 Computer Vision Stocks with a Clear Path to Growth
- 3 REITs to Buy and Hold for the Long Term
- 3 Reasons Workday Stock Is Setting Up For A New Rally
Receive News & Ratings for Willis Towers Watson Public Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willis Towers Watson Public and related companies with MarketBeat.com's FREE daily email newsletter.
