Allspring Global Investments Holdings LLC cut its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 12.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,506 shares of the company's stock after selling 5,379 shares during the period. Allspring Global Investments Holdings LLC's holdings in Willis Towers Watson Public were worth $13,314,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of WTW. FMR LLC raised its holdings 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 purchasing an additional 1,266,484 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Willis Towers Watson Public by 77.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,788,542 shares of the company's stock worth $873,483,000 after purchasing an additional 1,217,714 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Willis Towers Watson Public by 14.7% in the 4th quarter. Invesco Ltd. now owns 2,228,497 shares of the company's stock valued at $698,055,000 after purchasing an additional 285,497 shares during the last quarter. Baupost Group LLC MA boosted its position in shares of Willis Towers Watson Public by 3.1% in the 4th quarter. Baupost Group LLC MA now owns 1,836,748 shares of the company's stock valued at $575,343,000 after purchasing an additional 55,542 shares during the period. Finally, Norges Bank purchased a new position in Willis Towers Watson Public during the 4th quarter worth approximately $484,210,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.
Willis Towers Watson Public Stock Performance
Shares of Willis Towers Watson Public stock traded up $2.17 on Thursday, reaching $306.63. 426,102 shares of the stock were exchanged, compared to its average volume of 605,235. The firm has a market capitalization of $30.40 billion, a PE ratio of -613.24, a PEG ratio of 2.63 and a beta of 0.68. Willis Towers Watson Public Limited Company has a 1-year low of $255.19 and a 1-year high of $344.14. The business has a fifty day moving average price of $306.13 and a two-hundred day moving average price of $317.06. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.58.
Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.27 by ($0.14). The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.29 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 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.13 EPS. As a group, research analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.
Willis Towers Watson Public Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 yield of 1.20%. The ex-dividend date of this dividend is Monday, June 30th. Willis Towers Watson Public's dividend payout ratio is presently -736.00%.
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 on Tuesday, June 3rd. The shares were sold at an average price of $315.75, for a total transaction of $505,200.00. Following the sale, the chief financial officer directly owned 11,982 shares in the company, valued at approximately $3,783,316.50. The trade was a 11.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.32% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on WTW shares. Barclays boosted their price objective on Willis Towers Watson Public from $302.00 to $316.00 and gave the company an "underweight" rating in a research note on Friday, April 11th. Jefferies Financial Group decreased their price target on shares of Willis Towers Watson Public from $373.00 to $371.00 and set a "buy" rating for the company in a research note on Friday, April 11th. UBS Group upgraded shares of Willis Towers Watson Public from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $344.00 to $395.00 in a research note on Tuesday, March 18th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Willis Towers Watson Public from $371.00 to $366.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Willis Towers Watson Public presently has a consensus rating of "Moderate Buy" and an average target price of $356.30.
Get Our Latest Report on WTW
About Willis Towers Watson Public
(
Free Report)
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.
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