CenterBook Partners LP Reduces Stock Holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW)

CenterBook Partners LP reduced its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 40.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,646 shares of the company's stock after selling 1,123 shares during the period. CenterBook Partners LP's holdings in Willis Towers Watson Public were worth $556,000 as of its most recent filing with the Securities and Exchange Commission.

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

Willis Towers Watson Public Trading Up 0.1%

NASDAQ:WTW traded up $0.27 during trading hours on Monday, reaching $308.55. The company's stock had a trading volume of 139,215 shares, compared to its average volume of 620,423. The firm has a market capitalization of $30.59 billion, a price-to-earnings ratio of -617.48, a PEG ratio of 2.60 and a beta of 0.68. The firm has a 50-day simple moving average of $306.18 and a 200-day simple moving average of $316.57. Willis Towers Watson Public Limited Company has a 1 year low of $262.62 and a 1 year high of $344.14. 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 data on Thursday, April 24th. The company reported $3.13 earnings per share (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 firm had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same quarter in the previous year, the firm posted $3.13 EPS. Willis Towers Watson Public's revenue was down 5.0% compared to the same quarter last year. Research analysts expect that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.92 per share. The ex-dividend date was Monday, June 30th. This represents a $3.68 dividend on an annualized basis and a yield of 1.19%. Willis Towers Watson Public's dividend payout ratio is currently -736.00%.

Insider Buying and Selling

In related news, CFO Andrew Jay Krasner sold 1,600 shares of the firm'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 completion of the transaction, the chief financial officer directly owned 11,982 shares of the company's stock, valued at approximately $3,783,316.50. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.32% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on WTW shares. Wells Fargo & Company decreased their price objective on Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Keefe, Bruyette & Woods lowered their price target 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. Barclays reduced 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. Finally, Jefferies Financial Group cut their price target on shares of Willis Towers Watson Public from $373.00 to $371.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Willis Towers Watson Public currently has a consensus rating of "Moderate Buy" and an average price target of $367.11.

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.