Impax Asset Management Group plc Sells 3,719 Shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW)

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

Several other hedge funds and other institutional investors have also modified their holdings of WTW. Dynamic Advisor Solutions LLC boosted its position in shares of Willis Towers Watson Public by 1.8% in the first quarter. Dynamic Advisor Solutions LLC now owns 2,018 shares of the company's stock valued at $682,000 after acquiring an additional 35 shares during the period. Vident Advisory LLC boosted its holdings in Willis Towers Watson Public by 2.8% in the 4th quarter. Vident Advisory LLC now owns 1,405 shares of the company's stock valued at $440,000 after purchasing an additional 38 shares during the period. Brighton Jones LLC boosted its holdings in Willis Towers Watson Public by 2.9% in the 1st quarter. Brighton Jones LLC now owns 1,408 shares of the company's stock valued at $476,000 after purchasing an additional 40 shares during the period. Mather Group LLC. boosted its holdings in Willis Towers Watson Public by 6.2% in the 1st quarter. Mather Group LLC. now owns 718 shares of the company's stock valued at $243,000 after purchasing an additional 42 shares during the period. Finally, Forum Financial Management LP boosted its holdings in Willis Towers Watson Public by 3.8% in the 4th quarter. Forum Financial Management LP now owns 1,197 shares of the company's stock valued at $375,000 after purchasing an additional 44 shares during the period. Institutional investors own 93.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WTW shares. UBS Group upgraded Willis Towers Watson Public from a "neutral" rating to a "buy" rating and boosted their price target for the company from $344.00 to $395.00 in a research note on Tuesday, March 18th. Barclays upped their target price 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 cut their target price on Willis Towers Watson Public from $373.00 to $371.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods cut their target price on Willis Towers Watson Public from $371.00 to $366.00 and set an "outperform" rating for the company in a research 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 issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Willis Towers Watson Public currently has an average rating of "Moderate Buy" and a consensus target price of $356.30.

Insider Buying and Selling

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,600 shares of the stock in a transaction dated 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 in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.32% of the company's stock.

Willis Towers Watson Public Price Performance

Shares of WTW stock traded up $2.17 on Friday, hitting $306.63. 426,102 shares of the company's stock were exchanged, compared to its average volume of 607,815. The stock has a market cap of $30.40 billion, a P/E ratio of -613.24, a price-to-earnings-growth ratio of 2.62 and a beta of 0.68. 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 company has a 50 day moving average of $306.21 and a 200 day moving average of $317.05.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $3.13 EPS for the quarter, missing the consensus estimate of $3.27 by ($0.14). The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.29 billion. Willis Towers Watson Public had a negative net margin of 0.54% and a positive return on equity of 20.53%. Willis Towers Watson Public's revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.13 EPS. On average, equities research analysts predict that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date 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.