Cresset Asset Management LLC Lowers Stock Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Cresset Asset Management LLC lowered its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 74.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,406 shares of the company's stock after selling 4,022 shares during the quarter. Cresset Asset Management LLC's holdings in Willis Towers Watson Public were worth $442,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WTW. Norges Bank bought a new position in shares of Willis Towers Watson Public in the 4th quarter valued at about $484,210,000. FMR LLC grew its stake in Willis Towers Watson Public by 52.4% during the fourth quarter. FMR LLC now owns 3,682,939 shares of the company's stock worth $1,153,644,000 after buying an additional 1,266,484 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Willis Towers Watson Public by 77.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,788,542 shares of the company's stock worth $873,483,000 after acquiring an additional 1,217,714 shares during the period. Wellington Management Group LLP increased its stake in Willis Towers Watson Public by 6,676.1% in the fourth quarter. Wellington Management Group LLP now owns 988,430 shares of the company's stock valued at $309,616,000 after acquiring an additional 973,843 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in Willis Towers Watson Public by 33,979.6% during the fourth quarter. Proficio Capital Partners LLC now owns 458,370 shares of the company's stock worth $143,580,000 after purchasing an additional 457,025 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Willis Towers Watson Public

In other Willis Towers Watson Public news, insider Julie Jarecke Gebauer sold 3,384 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $335.77, for a total value of $1,136,245.68. Following the completion of the sale, the insider now owns 74,417 shares in the company, valued at approximately $24,986,996.09. The trade was 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. Company insiders own 0.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WTW. Keefe, Bruyette & Woods lowered their target price on Willis Towers Watson Public from $371.00 to $366.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Jefferies Financial Group decreased their price objective on Willis Towers Watson Public from $373.00 to $371.00 and set a "buy" rating for the company in a report on Friday, April 11th. UBS Group raised Willis Towers Watson Public from a "neutral" rating to a "buy" rating and increased their price target for the company from $344.00 to $395.00 in a research note on Tuesday, March 18th. Finally, Barclays upped their target price on Willis Towers Watson Public from $302.00 to $316.00 and gave the company an "underweight" rating in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $351.55.

Willis Towers Watson Public Stock Up 0.0%

Willis Towers Watson Public stock traded up $0.14 during trading on Wednesday, hitting $312.88. 81,955 shares of the company were exchanged, compared to its average volume of 581,004. The company has a market capitalization of $31.02 billion, a P/E ratio of -313.22, a PEG ratio of 2.95 and a beta of 0.73. 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 business's 50 day moving average is $318.85 and its 200 day moving average is $319.36. Willis Towers Watson Public Limited has a 52 week low of $248.09 and a 52 week high of $344.14.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $3.13 earnings per share 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 company had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same quarter last year, the firm posted $3.13 earnings per share. Willis Towers Watson Public's revenue for the quarter was down 5.0% compared to the same quarter last year. Analysts predict that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Monday, June 30th. Willis Towers Watson Public's dividend payout ratio is currently -736.00%.

Willis Towers Watson Public Company 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.