Apollon Wealth Management LLC acquired a new stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 998 shares of the company's stock, valued at approximately $337,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Catalyst Financial Partners LLC bought a new stake in Willis Towers Watson Public in the first quarter worth about $202,000. MQS Management LLC purchased a new stake in Willis Towers Watson Public in the first quarter valued at $467,000. CWM LLC boosted its holdings in Willis Towers Watson Public by 3.0% in the first quarter. CWM LLC now owns 3,190 shares of the company's stock valued at $1,078,000 after purchasing an additional 94 shares during the last quarter. Stephens Inc. AR raised its position in shares of Willis Towers Watson Public by 11.4% in the first quarter. Stephens Inc. AR now owns 1,852 shares of the company's stock worth $626,000 after acquiring an additional 189 shares during the period. Finally, IFC Advisors LLC acquired a new position in shares of Willis Towers Watson Public in the first quarter worth about $4,101,000. 93.09% of the stock is owned by institutional investors.
Insider Transactions at Willis Towers Watson Public
In related news, CFO Andrew Jay Krasner sold 1,600 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $315.75, for a total value of $505,200.00. Following the completion of the sale, the chief financial officer owned 11,982 shares in the company, valued at $3,783,316.50. The trade was a 11.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.32% of the stock is currently owned by insiders.
Willis Towers Watson Public Trading Down 1.8%
Shares of Willis Towers Watson Public stock traded down $5.56 on Monday, reaching $302.72. 676,862 shares of the company's stock were exchanged, compared to its average volume of 622,533. The company has a market capitalization of $30.01 billion, a P/E ratio of -605.43, a price-to-earnings-growth ratio of 2.60 and a beta of 0.68. Willis Towers Watson Public Limited Company has a 52 week low of $262.62 and a 52 week high of $344.14. The firm's 50-day moving average is $306.18 and its two-hundred day moving average is $316.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.89 and a current ratio of 1.89.
Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $3.13 EPS for the quarter, missing analysts' consensus estimates of $3.27 by ($0.14). Willis Towers Watson Public had a negative net margin of 0.54% and a positive return on equity of 20.53%. The company had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same period in the previous year, the company posted $3.13 earnings per share. The company's quarterly revenue was down 5.0% compared to the same quarter last year. Sell-side analysts predict that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.
Willis Towers Watson Public Dividend Announcement
The business also recently announced 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. The ex-dividend date was Monday, June 30th. This represents a $3.68 annualized dividend and a yield of 1.22%. Willis Towers Watson Public's payout ratio is presently -736.00%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on WTW shares. Keefe, Bruyette & Woods lowered their price objective on shares of Willis Towers Watson Public from $371.00 to $366.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Jefferies Financial Group reduced their price objective on shares of Willis Towers Watson Public from $373.00 to $371.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company cut their price target 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. Finally, Barclays dropped their price objective on shares of 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. One research analyst has rated the stock with a sell rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Willis Towers Watson Public presently has an average rating of "Moderate Buy" and a consensus target price of $367.11.
Check Out Our Latest Report on WTW
Willis Towers Watson Public Company Profile
(
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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