Bank of America Corp DE Has $93.99 Million Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Bank of America Corp DE lessened its position in Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 22.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 300,064 shares of the company's stock after selling 87,564 shares during the quarter. Bank of America Corp DE owned about 0.30% of Willis Towers Watson Public worth $93,992,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC boosted its position in shares of Willis Towers Watson Public by 2.7% during the 4th quarter. Sanctuary Advisors LLC now owns 4,135 shares of the company's stock valued at $1,364,000 after acquiring an additional 109 shares in the last quarter. Sunriver Management LLC boosted its position in shares of Willis Towers Watson Public by 0.7% during the 4th quarter. Sunriver Management LLC now owns 175,627 shares of the company's stock valued at $55,013,000 after acquiring an additional 1,223 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Willis Towers Watson Public by 239.9% during the 4th quarter. SG Americas Securities LLC now owns 44,831 shares of the company's stock valued at $14,043,000 after acquiring an additional 31,643 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in shares of Willis Towers Watson Public during the 4th quarter valued at about $263,000. Finally, Longboard Asset Management LP acquired a new stake in shares of Willis Towers Watson Public during the 4th quarter valued at about $245,000. Institutional investors own 93.09% of the company's stock.

Insider Buying and Selling at Willis Towers Watson Public

In related news, insider Julie Jarecke Gebauer sold 3,384 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $335.77, for a total transaction of $1,136,245.68. Following the completion of the transaction, the insider now owns 74,417 shares in the company, valued at approximately $24,986,996.09. This represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.32% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WTW. Barclays lifted their target price on shares of Willis Towers Watson Public from $302.00 to $316.00 and gave the company an "underweight" rating in a research report on Friday, April 11th. Jefferies Financial Group reduced their target price on shares of Willis Towers Watson Public from $373.00 to $371.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Keefe, Bruyette & Woods reduced their target price on shares of Willis Towers Watson Public from $371.00 to $366.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Finally, UBS Group upgraded shares of Willis Towers Watson Public from a "neutral" rating to a "buy" rating and upped their target price for the stock from $344.00 to $395.00 in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $351.55.

Willis Towers Watson Public Trading Up 2.2%

Shares of WTW traded up $6.64 on Thursday, reaching $310.01. 370,814 shares of the company's stock were exchanged, compared to its average volume of 580,653. Willis Towers Watson Public Limited has a 12 month low of $248.09 and a 12 month high of $344.14. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $30.74 billion, a P/E ratio of -310.01, a price-to-earnings-growth ratio of 2.95 and a beta of 0.73. The business has a 50 day moving average price of $319.85 and a two-hundred day moving average price of $318.75.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $3.13 EPS for the quarter, missing the consensus estimate of $3.27 by ($0.14). Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the company posted $3.13 EPS. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. Research analysts anticipate that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.19%. The ex-dividend date was Monday, March 31st. This is an increase from Willis Towers Watson Public's previous quarterly dividend of $0.88. Willis Towers Watson Public's dividend payout ratio is presently -736.00%.

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.