Kingsview Wealth Management LLC Trims Stock Position in Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Kingsview Wealth Management LLC reduced its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 12.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,137 shares of the company's stock after selling 4,023 shares during the quarter. Kingsview Wealth Management LLC's holdings in Willis Towers Watson Public were worth $9,847,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wayfinding Financial LLC purchased a new stake in shares of Willis Towers Watson Public in the first quarter valued at $25,000. Cornerstone Planning Group LLC lifted its stake in shares of Willis Towers Watson Public by 750.0% during the first quarter. Cornerstone Planning Group LLC now owns 85 shares of the company's stock worth $28,000 after purchasing an additional 75 shares in the last quarter. McIlrath & Eck LLC acquired a new position in shares of Willis Towers Watson Public during the fourth quarter worth about $30,000. Crewe Advisors LLC acquired a new position in shares of Willis Towers Watson Public in the first quarter worth about $32,000. Finally, GeoWealth Management LLC lifted its stake in shares of Willis Towers Watson Public by 94.9% in the fourth quarter. GeoWealth Management LLC now owns 115 shares of the company's stock worth $36,000 after acquiring an additional 56 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WTW has been the topic of several research reports. Wells Fargo & Company cut their price objective on Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. Keefe, Bruyette & Woods reduced their target price on 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. Jefferies Financial Group dropped 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 note on Friday, April 11th. Finally, Barclays lowered their target price on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating on the stock in a research report on Monday, July 7th. One analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Willis Towers Watson Public currently has an average rating of "Moderate Buy" and an average price target of $367.11.

Willis Towers Watson Public Stock Up 0.5%

WTW traded up $1.59 during trading on Friday, hitting $308.28. The company had a trading volume of 705,208 shares, compared to its average volume of 622,315. The company has a market capitalization of $30.57 billion, a PE ratio of -616.55, a PEG ratio of 2.60 and a beta of 0.68. Willis Towers Watson Public Limited Company has a one year low of $262.62 and a one year high of $344.14. The firm's 50-day moving average price is $306.18 and its 200 day moving average price is $316.52. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.58.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued its earnings results 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). The firm 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%. The firm's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.13 earnings per share. As a group, equities analysts expect that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

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

Insider Activity

In related news, CFO Andrew Jay Krasner sold 1,600 shares of the stock in a transaction that occurred 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 sale, the chief financial officer owned 11,982 shares in the company, 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 SEC, which is accessible through this link. 0.32% of the stock is currently owned by insiders.

Willis Towers Watson Public 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.