Johnson Investment Counsel Inc. grew its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 0.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 283,248 shares of the company's stock after buying an additional 918 shares during the period. Johnson Investment Counsel Inc. owned 0.28% of Willis Towers Watson Public worth $95,724,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of WTW. FMR LLC increased its stake in Willis Towers Watson Public by 52.4% during the 4th quarter. FMR LLC now owns 3,682,939 shares of the company's stock valued at $1,153,644,000 after purchasing an additional 1,266,484 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Willis Towers Watson Public by 77.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,788,542 shares of the company's stock valued at $873,483,000 after buying an additional 1,217,714 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Willis Towers Watson Public by 14.7% during the fourth quarter. Invesco Ltd. now owns 2,228,497 shares of the company's stock valued at $698,055,000 after buying an additional 285,497 shares during the last quarter. Baupost Group LLC MA increased its position in shares of Willis Towers Watson Public by 3.1% in the 4th quarter. Baupost Group LLC MA now owns 1,836,748 shares of the company's stock valued at $575,343,000 after acquiring an additional 55,542 shares during the period. Finally, Norges Bank purchased a new position in Willis Towers Watson Public in the 4th quarter worth $484,210,000. 93.09% of the stock is owned by hedge funds and other institutional investors.
Willis Towers Watson Public Stock Performance
NASDAQ:WTW traded down $0.29 during trading hours on Thursday, reaching $297.50. The company had a trading volume of 795,704 shares, compared to its average volume of 595,112. 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 1-year low of $254.88 and a 1-year high of $344.14. The business's 50 day moving average price is $310.13 and its 200-day moving average price is $318.15. The firm has a market cap of $29.50 billion, a PE ratio of -594.99, a price-to-earnings-growth ratio of 2.54 and a beta of 0.70.
Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $3.13 earnings per share (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 0.54% and a positive return on equity of 20.53%. The business's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.13 earnings per share. Research analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.
Willis Towers Watson Public Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, June 30th. Willis Towers Watson Public's payout ratio is currently -736.00%.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. 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. Keefe, Bruyette & Woods cut their price target 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. Finally, Jefferies Financial Group decreased their price objective on shares of Willis Towers Watson Public from $373.00 to $371.00 and set a "buy" rating for the company in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Willis Towers Watson Public has a consensus rating of "Moderate Buy" and an average target price of $356.30.
Get Our Latest Analysis on Willis Towers Watson Public
Insider Activity
In related news, CFO Andrew Jay Krasner sold 1,600 shares of Willis Towers Watson Public stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $315.75, for a total value of $505,200.00. Following the sale, the chief financial officer now owns 11,982 shares of the company's stock, valued at approximately $3,783,316.50. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.32% of the company's stock.
Willis Towers Watson Public Company Profile
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Free Report)
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.
Further Reading
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