Citigroup Inc. Has $35.18 Million Stock Holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Key Points

• Citigroup Inc. increased its holdings in Willis Towers Watson by 42.9% in the first quarter, owning 104,086 shares valued at approximately $35.18 million.
• Insider activity includes CFO Andrew Jay Krasner selling 1,600 shares at an average price of $315.75, reducing his ownership by 11.78%.
• Willis Towers Watson's most recent quarterly earnings report beat estimates with $2.86 earnings per share and $2.26 billion in revenue, marking a slight revenue decrease year-over-year.

Citigroup Inc. grew its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 42.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,086 shares of the company's stock after acquiring an additional 31,251 shares during the quarter. Citigroup Inc. owned 0.10% of Willis Towers Watson Public worth $35,176,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dynamic Advisor Solutions LLC boosted its position in Willis Towers Watson Public by 1.8% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 2,018 shares of the company's stock worth $682,000 after acquiring an additional 35 shares during the last quarter. Bessemer Group Inc. boosted its position in Willis Towers Watson Public by 35.6% during the 1st quarter. Bessemer Group Inc. now owns 1,208 shares of the company's stock worth $408,000 after acquiring an additional 317 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Willis Towers Watson Public by 124.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,941 shares of the company's stock worth $1,670,000 after acquiring an additional 2,737 shares during the last quarter. Ritholtz Wealth Management acquired a new position in Willis Towers Watson Public during the 1st quarter worth approximately $406,000. Finally, PNC Financial Services Group Inc. boosted its position in Willis Towers Watson Public by 22.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,108 shares of the company's stock worth $4,768,000 after acquiring an additional 2,596 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WTW. Keefe, Bruyette & Woods decreased their price target 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. Cantor Fitzgerald began coverage on Willis Towers Watson Public in a research note on Wednesday. They issued a "neutral" rating and a $355.00 price target for the company. Citigroup began coverage on Willis Towers Watson Public in a research note on Wednesday. They issued a "neutral" rating and a $351.00 price target for the company. Barclays decreased their price target on Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating for the company in a research note on Monday, July 7th. Finally, Wells Fargo & Company decreased their price target on Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Willis Towers Watson Public presently has an average rating of "Moderate Buy" and an average target price of $364.55.

Willis Towers Watson Public Stock Performance

NASDAQ:WTW traded up $0.50 during mid-day trading on Friday, hitting $330.50. 583,861 shares of the stock were exchanged, compared to its average volume of 733,766. The stock has a market capitalization of $32.24 billion, a price-to-earnings ratio of 226.37, a price-to-earnings-growth ratio of 2.63 and a beta of 0.67. The firm's 50-day simple moving average is $309.24 and its 200 day simple moving average is $316.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.90 and a current ratio of 1.90. Willis Towers Watson Public Limited Company has a fifty-two week low of $279.08 and a fifty-two week high of $344.14.

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

Insiders Place Their Bets

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,600 shares of Willis Towers Watson Public stock in a transaction 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 transaction, the chief financial officer directly owned 11,982 shares of the company's stock, valued at $3,783,316.50. The trade was a 11.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.