APG Asset Management N.V. Sells 4,100 Shares of Willis Towers Watson Public Limited Company $WTW

Key Points

• APG Asset Management N.V. reduced its holdings in Willis Towers Watson by 5.2% in Q1, owning approximately $23.43 million worth of shares after selling 4,100 shares.
• CEO and CFO Andrew Jay Krasner sold 1,600 shares at an average price of $315.75, resulting in an 11.78% decrease in his position.
• Willis Towers Watson reported $2.86 earnings per share in its last quarterly results, exceeding analysts' estimates of $2.65, with a revenue of $2.26 billion.

APG Asset Management N.V. decreased its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,900 shares of the company's stock after selling 4,100 shares during the period. APG Asset Management N.V. owned about 0.08% of Willis Towers Watson Public worth $23,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of WTW. Wayfinding Financial LLC acquired a new position in Willis Towers Watson Public during the 1st quarter worth about $25,000. Cornerstone Planning Group LLC increased its stake in shares of Willis Towers Watson Public by 750.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 85 shares of the company's stock valued at $28,000 after buying an additional 75 shares during the period. McIlrath & Eck LLC bought a new position in Willis Towers Watson Public in the fourth quarter valued at about $30,000. Crewe Advisors LLC bought a new stake in Willis Towers Watson Public during the 1st quarter worth about $32,000. Finally, GeoWealth Management LLC boosted its stake in shares of Willis Towers Watson Public by 94.9% in the 4th quarter. GeoWealth Management LLC now owns 115 shares of the company's stock valued at $36,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 93.09% of the company's stock.

Willis Towers Watson Public Stock Performance

Shares of WTW traded down $3.23 during midday trading on Thursday, reaching $326.84. The stock had a trading volume of 562,284 shares, compared to its average volume of 646,734. Willis Towers Watson Public Limited Company has a one year low of $283.29 and a one year high of $344.14. The firm has a market cap of $31.88 billion, a PE ratio of 223.86, a P/E/G ratio of 2.66 and a beta of 0.67. The firm has a 50 day simple moving average of $315.69 and a 200-day simple moving average of $317.24. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.58.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.21. Willis Towers Watson Public had a return on equity of 21.60% and a net margin of 1.40%.The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the company earned $2.55 earnings per share. The business's revenue for the quarter was down .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Analyst Upgrades and Downgrades

WTW has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of 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. Morgan Stanley boosted their target price on Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an "equal weight" rating in a research report on Monday, August 18th. Barclays decreased their price objective on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating for the company in a report on Monday, July 7th. Cantor Fitzgerald started coverage on shares of Willis Towers Watson Public in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $355.00 price objective for the company. Finally, Citigroup initiated coverage on shares of Willis Towers Watson Public in a report on Wednesday, August 13th. They set a "neutral" rating and a $351.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $362.92.

Insider Activity at Willis Towers Watson Public

In other news, CFO Andrew Jay Krasner sold 1,600 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $315.75, for a total transaction of $505,200.00. Following the transaction, the chief financial officer owned 11,982 shares in the company, valued at approximately $3,783,316.50. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.32% of the company's stock.

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.