Willis Towers Watson Public Limited Company (NASDAQ:WTW) Shares Sold by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH has reduced its shares in Willis Towers Watson by 21.1%, owning 7,722 shares valued at approximately $2.61 million.
• Analysts have adjusted their target prices for Willis Towers Watson, with Barclays lowering their target from $316 to $305 and rating it as "underweight."
• Willis Towers Watson announced a quarterly dividend of $0.92 per share, representing an annualized dividend yield of 1.22%.

Allianz Asset Management GmbH cut its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 21.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,722 shares of the company's stock after selling 2,066 shares during the quarter. Allianz Asset Management GmbH's holdings in Willis Towers Watson Public were worth $2,610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Teachers Retirement System of The State of Kentucky lifted its stake in Willis Towers Watson Public by 2.2% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 7,682 shares of the company's stock worth $2,597,000 after acquiring an additional 167 shares in the last quarter. Tectonic Advisors LLC increased its holdings in shares of Willis Towers Watson Public by 49.8% in the 1st quarter. Tectonic Advisors LLC now owns 1,029 shares of the company's stock valued at $348,000 after acquiring an additional 342 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Willis Towers Watson Public by 122.9% in the 1st quarter. Larson Financial Group LLC now owns 107 shares of the company's stock valued at $36,000 after acquiring an additional 59 shares during the last quarter. Sage Mountain Advisors LLC increased its holdings in shares of Willis Towers Watson Public by 11.7% in the 1st quarter. Sage Mountain Advisors LLC now owns 1,011 shares of the company's stock valued at $342,000 after acquiring an additional 106 shares during the last quarter. Finally, Apollon Wealth Management LLC purchased a new position in shares of Willis Towers Watson Public in the 1st quarter valued at about $337,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays dropped their price target on Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating on the stock in a research note on Monday, July 7th. Wells Fargo & Company lowered their target price on Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. Keefe, Bruyette & Woods lowered their target price on Willis Towers Watson Public from $371.00 to $366.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Finally, Jefferies Financial Group reduced their price target 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $367.11.

Insider Transactions at Willis Towers Watson Public

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,600 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $315.75, for a total transaction of $505,200.00. Following the completion of the sale, the chief financial officer owned 11,982 shares of the company's stock, valued at approximately $3,783,316.50. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.32% of the company's stock.

Willis Towers Watson Public Trading Up 4.6%

Shares of NASDAQ:WTW traded up $13.98 during midday trading on Thursday, reaching $315.81. The company's stock had a trading volume of 1,042,425 shares, compared to its average volume of 634,252. The firm has a market cap of $31.31 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 2.54 and a beta of 0.68. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.58. Willis Towers Watson Public Limited Company has a 1 year low of $271.01 and a 1 year high of $344.14. The business has a 50 day moving average price of $305.84 and a 200 day moving average price of $316.28.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $2.86 EPS for the quarter, beating analysts' consensus estimates of $2.65 by $0.21. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.23 billion. Willis Towers Watson Public had a positive return on equity of 20.53% and a negative net margin of 0.54%. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.55 earnings per share. Research analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, June 30th. Willis Towers Watson Public's payout ratio is -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.