Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. lessened its position in Willis Towers Watson Public Limited (NASDAQ:WTW) by 15.8% in the 2nd quarter, Holdings Channel reports. The fund owned 4,004 shares of the company’s stock after selling 753 shares during the period. Raymond James Trust N.A.’s holdings in Willis Towers Watson Public were worth $1,050,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in WTW. Ceredex Value Advisors LLC boosted its stake in shares of Willis Towers Watson Public by 10.8% in the second quarter. Ceredex Value Advisors LLC now owns 384,063 shares of the company’s stock valued at $101,016,000 after buying an additional 37,588 shares in the last quarter. LRI Investments LLC grew its stake in shares of Willis Towers Watson Public by 29.9% during the 2nd quarter. LRI Investments LLC now owns 274 shares of the company’s stock worth $72,000 after purchasing an additional 63 shares during the period. DT Investment Partners LLC lifted its stake in shares of Willis Towers Watson Public by 68.5% in the second quarter. DT Investment Partners LLC now owns 418 shares of the company’s stock valued at $110,000 after purchasing an additional 170 shares during the period. American National Bank purchased a new stake in Willis Towers Watson Public during the second quarter worth about $36,000. Finally, Fifth Third Wealth Advisors LLC acquired a new position in Willis Towers Watson Public during the second quarter worth about $360,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Performance

WTW traded up $2.36 during trading hours on Monday, hitting $283.82. 30,895 shares of the stock were exchanged, compared to its average volume of 443,571. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94. Willis Towers Watson Public Limited has a 12 month low of $201.03 and a 12 month high of $286.61. The stock has a 50-day simple moving average of $269.91 and a 200-day simple moving average of $266.23. The stock has a market cap of $28.82 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 1.48 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Thursday, July 25th. The company reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.27. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $2.05 EPS. Analysts anticipate that Willis Towers Watson Public Limited will post 16.51 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on WTW shares. Keefe, Bruyette & Woods boosted their price target on Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Morgan Stanley cut their price target on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Wells Fargo & Company raised their target price on shares of Willis Towers Watson Public from $318.00 to $321.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Citigroup cut their target price on shares of Willis Towers Watson Public from $315.00 to $312.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Finally, Truist Financial raised their price objective on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $300.21.

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 & 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.