Willis Towers Watson Public Limited Company (NASDAQ:WTW) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 2.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 586,511 shares of the company's stock after selling 11,867 shares during the quarter. Bank of New York Mellon Corp owned about 0.59% of Willis Towers Watson Public worth $198,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new position in Willis Towers Watson Public during the 1st quarter worth approximately $25,000. Crewe Advisors LLC bought a new position in shares of Willis Towers Watson Public in the first quarter worth $32,000. McIlrath & Eck LLC bought a new position in shares of Willis Towers Watson Public in the fourth quarter worth $30,000. GeoWealth Management LLC grew its position in Willis Towers Watson Public by 94.9% in the fourth quarter. GeoWealth Management LLC now owns 115 shares of the company's stock valued at $36,000 after acquiring an additional 56 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Willis Towers Watson Public in the fourth quarter valued at about $49,000. 93.09% of the stock is owned by institutional investors.

Willis Towers Watson Public Stock Performance

Shares of WTW traded up $0.42 during trading hours on Wednesday, hitting $305.51. The stock had a trading volume of 70,543 shares, compared to its average volume of 608,073. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.89 and a quick ratio of 1.89. Willis Towers Watson Public Limited Company has a 12 month low of $255.19 and a 12 month high of $344.14. The firm has a market capitalization of $30.29 billion, a PE ratio of -610.65, a PEG ratio of 2.61 and a beta of 0.68. The stock has a fifty day moving average price of $306.30 and a 200 day moving average price of $316.93.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $3.13 earnings per share for the quarter, missing analysts' consensus estimates of $3.27 by ($0.14). The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate 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 was down 5.0% on a year-over-year basis. During the same period last year, the company earned $3.13 EPS. Analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.92 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.68 annualized dividend and a dividend yield of 1.20%. Willis Towers Watson Public's payout ratio is -736.00%.

Insider Transactions at Willis Towers Watson Public

In related 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 value of $505,200.00. Following the transaction, the chief financial officer owned 11,982 shares of the company's stock, valued at $3,783,316.50. This 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 available through the SEC website. 0.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

WTW has been the topic of several recent analyst reports. Jefferies Financial Group dropped their price target on Willis Towers Watson Public from $373.00 to $371.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Keefe, Bruyette & Woods reduced their price objective on 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. 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 report on Monday. Finally, UBS Group raised Willis Towers Watson Public from a "neutral" rating to a "buy" rating and upped their price target for the company from $344.00 to $395.00 in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $355.20.

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.