Raymond James Trust N.A. Sells 613 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Raymond James Trust N.A. cut its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 15.3% in the third quarter, HoldingsChannel reports. The fund owned 3,391 shares of the company’s stock after selling 613 shares during the period. Raymond James Trust N.A.’s holdings in Willis Towers Watson Public were worth $999,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in WTW. Capital Performance Advisors LLP bought a new position in shares of Willis Towers Watson Public during the 3rd quarter valued at approximately $27,000. American National Bank bought a new position in shares of Willis Towers Watson Public during the 2nd quarter valued at approximately $36,000. Ashton Thomas Securities LLC bought a new position in shares of Willis Towers Watson Public during the 3rd quarter valued at approximately $41,000. Beacon Capital Management LLC boosted its stake in Willis Towers Watson Public by 136.5% in the 1st quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock worth $48,000 after purchasing an additional 101 shares during the period. Finally, New Millennium Group LLC bought a new position in Willis Towers Watson Public in the 2nd quarter worth approximately $54,000. 93.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays upped their price target on Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an “underweight” rating in a research note on Thursday. Roth Mkm upped their price target on Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. 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 note on Wednesday, October 9th. 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 note on Tuesday, November 5th. Finally, UBS Group upgraded Willis Towers Watson Public to a “hold” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $313.87.

Willis Towers Watson Public Stock Performance

WTW stock opened at $314.40 on Monday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.70. The business’s fifty day simple moving average is $298.57 and its two-hundred day simple moving average is $279.30. Willis Towers Watson Public Limited has a twelve month low of $234.01 and a twelve month high of $320.77. The firm has a market cap of $31.67 billion, a price-to-earnings ratio of -43.19, a PEG ratio of 1.96 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last announced 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. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.24 earnings per share. Analysts predict that Willis Towers Watson Public Limited will post 16.7 earnings per share 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.