Impax Asset Management Group plc Decreases Position in Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Impax Asset Management Group plc decreased its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 15.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,148 shares of the company's stock after selling 3,719 shares during the period. Impax Asset Management Group plc's holdings in Willis Towers Watson Public were worth $6,809,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new position in shares of Willis Towers Watson Public in the first quarter valued at $32,000. McIlrath & Eck LLC bought a new stake in shares of Willis Towers Watson Public in the fourth quarter worth $30,000. GeoWealth Management LLC boosted its holdings 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. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Willis Towers Watson Public during the 4th quarter worth approximately $49,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in Willis Towers Watson Public in the first quarter worth approximately $60,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Price Performance

WTW traded down $0.58 on Monday, hitting $306.06. 65,289 shares of the company's stock traded hands, compared to its average volume of 605,826. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.58. The firm has a market cap of $30.35 billion, a price-to-earnings ratio of -614.62, a P/E/G ratio of 2.62 and a beta of 0.68. The company's 50 day simple moving average is $306.21 and its 200-day simple moving average is $317.09. Willis Towers Watson Public Limited Company has a one year low of $255.19 and a one year high of $344.14.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last released its 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 business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the company posted $3.13 EPS. The company's quarterly revenue was down 5.0% compared to the same quarter last year. As a group, research 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.68 dividend on an annualized basis and a yield of 1.20%. Willis Towers Watson Public's dividend payout ratio is presently -736.00%.

Analysts Set New Price Targets

Several brokerages have commented on WTW. UBS Group raised shares of Willis Towers Watson Public from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $344.00 to $395.00 in a research report on Tuesday, March 18th. Barclays increased their price objective on Willis Towers Watson Public from $302.00 to $316.00 and gave the company an "underweight" rating in a research report on Friday, April 11th. Jefferies Financial Group reduced their price objective 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. Finally, Keefe, Bruyette & Woods cut their target price on shares of Willis Towers Watson Public from $371.00 to $366.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $356.30.

Insider Activity

In other news, CFO Andrew Jay Krasner sold 1,600 shares of the company'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 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 $3,783,316.50. This represents a 11.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.32% of the stock is currently owned by corporate insiders.

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.