Chevy Chase Trust Holdings LLC Sells 937 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Chevy Chase Trust Holdings LLC lowered its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,849 shares of the company’s stock after selling 937 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Willis Towers Watson Public worth $14,640,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in Willis Towers Watson Public by 4,811.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,472,707 shares of the company’s stock valued at $355,217,000 after purchasing an additional 1,442,722 shares during the last quarter. Norges Bank acquired 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. bought a new position in Willis Towers Watson Public during the 4th quarter worth approximately $107,010,000. Acadian Asset Management LLC raised its holdings in Willis Towers Watson Public by 520.3% in 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 during the period. Finally, Sound Shore Management Inc. CT bought a new position in shares of Willis Towers Watson Public during the fourth quarter worth $73,185,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WTW shares. Wells Fargo & Company raised their price objective on shares of Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods upped their price objective on Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Roth Mkm upped their price target on Willis Towers Watson Public from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Citigroup lowered their price objective on shares of Willis Towers Watson Public from $315.00 to $312.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Finally, Morgan Stanley lowered their price target on shares of 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. Seven investment 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 company currently has an average rating of “Moderate Buy” and an average price target of $300.21.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ WTW traded up $1.50 during mid-day trading on Wednesday, reaching $282.97. 54,868 shares of the company’s stock were exchanged, compared to its average volume of 445,273. Willis Towers Watson Public Limited has a 52 week low of $198.88 and a 52 week high of $286.13. The firm has a 50-day moving average price of $268.24 and a two-hundred day moving average price of $265.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94. The firm has a market capitalization of $28.74 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 1.44 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.28 by $0.27. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the business earned $2.05 earnings per share. Willis Towers Watson Public’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts predict that Willis Towers Watson Public Limited will post 16.62 EPS for the current year.

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.