Proficio Capital Partners LLC Lowers Stake in Willis Towers Watson Public Limited (NASDAQ:WTW)

Proficio Capital Partners LLC lowered its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,345 shares of the company’s stock after selling 81 shares during the period. Proficio Capital Partners LLC’s holdings in Willis Towers Watson Public were worth $396,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its holdings in Willis Towers Watson Public by 6.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 116,615 shares of the company’s stock worth $32,069,000 after buying an additional 7,404 shares during the period. M&G Plc acquired a new position in shares of Willis Towers Watson Public during the first quarter worth $12,318,000. Acadian Asset Management LLC increased its position in shares of 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 worth $114,765,000 after purchasing an additional 350,135 shares in the last quarter. Swedbank AB acquired a new position in shares of Willis Towers Watson Public during the first quarter worth $4,512,000. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of Willis Towers Watson Public by 2.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 115,262 shares of the company’s stock worth $31,706,000 after purchasing an additional 3,021 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Price Performance

NASDAQ:WTW opened at $316.30 on Monday. Willis Towers Watson Public Limited has a one year low of $234.01 and a one year high of $320.45. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a market cap of $31.86 billion, a price-to-earnings ratio of -43.45, a PEG ratio of 1.98 and a beta of 0.73. The firm’s fifty day moving average is $294.22 and its two-hundred day moving average is $274.98.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Thursday, October 31st. The company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.68 by $0.25. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the company earned $2.24 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. Research analysts expect that Willis Towers Watson Public Limited will post 16.64 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Monday, September 30th. Willis Towers Watson Public’s payout ratio is currently -48.35%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WTW shares. Jefferies Financial Group upped their price target 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. Wells Fargo & Company upped their price target on Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Barclays started coverage on Willis Towers Watson Public in a research report on Wednesday, September 4th. They set an “underweight” rating and a $278.00 price target on the stock. Keefe, Bruyette & Woods upped their price target on Willis Towers Watson Public from $352.00 to $359.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, UBS Group raised Willis Towers Watson Public to a “hold” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $312.27.

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.