Burgundy Asset Management Ltd. Sells 92,435 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Burgundy Asset Management Ltd. cut its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 9.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 932,495 shares of the company's stock after selling 92,435 shares during the quarter. Willis Towers Watson Public accounts for about 3.0% of Burgundy Asset Management Ltd.'s investment portfolio, making the stock its 3rd largest holding. Burgundy Asset Management Ltd. owned 0.93% of Willis Towers Watson Public worth $292,095,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of WTW. Vise Technologies Inc. increased its stake in shares of Willis Towers Watson Public by 20.3% in the fourth quarter. Vise Technologies Inc. now owns 1,220 shares of the company's stock worth $382,000 after acquiring an additional 206 shares during the last quarter. McIlrath & Eck LLC acquired a new position in Willis Towers Watson Public in the 4th quarter worth about $30,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Willis Towers Watson Public by 10.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 936,390 shares of the company's stock worth $293,315,000 after purchasing an additional 91,973 shares in the last quarter. Voloridge Investment Management LLC lifted its holdings in shares of Willis Towers Watson Public by 13.9% during the 4th quarter. Voloridge Investment Management LLC now owns 88,419 shares of the company's stock valued at $27,696,000 after buying an additional 10,799 shares during the last quarter. Finally, Waverly Advisors LLC bought a new stake in shares of Willis Towers Watson Public in the 4th quarter valued at approximately $302,000. Hedge funds and other institutional investors own 93.09% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Barclays boosted their target price on shares of Willis Towers Watson Public from $302.00 to $316.00 and gave the stock an "underweight" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods decreased 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 report on Monday, April 28th. Jefferies Financial Group cut their target price on 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. Finally, UBS Group upgraded Willis Towers Watson Public from a "neutral" rating to a "buy" rating and upped their price target for the stock from $344.00 to $395.00 in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, one has issued 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, Willis Towers Watson Public presently has a consensus rating of "Moderate Buy" and an average target price of $356.30.

Insider Transactions at Willis Towers Watson Public

In other news, insider Julie Jarecke Gebauer sold 3,384 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $335.77, for a total value of $1,136,245.68. Following the sale, the insider now directly owns 74,417 shares in the company, valued at approximately $24,986,996.09. This represents a 4.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.32% of the stock is owned by insiders.

Willis Towers Watson Public Stock Performance

WTW traded down $1.35 during midday trading on Wednesday, reaching $311.31. The company's stock had a trading volume of 311,780 shares, compared to its average volume of 584,624. The company has a fifty day simple moving average of $316.70 and a 200 day simple moving average of $319.29. The stock has a market cap of $30.87 billion, a P/E ratio of -311.30, a PEG ratio of 2.95 and a beta of 0.73. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66. Willis Towers Watson Public Limited has a twelve month low of $248.09 and a twelve month high of $344.14.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $3.13 EPS for the quarter, missing the consensus estimate of $3.27 by ($0.14). The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.29 billion. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The company's revenue was down 5.0% on a year-over-year basis. During the same period last year, the company earned $3.13 EPS. Research analysts expect that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 dividend yield of 1.18%. The ex-dividend date of this dividend is Monday, June 30th. Willis Towers Watson Public's payout ratio is -736.00%.

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.