Willis Towers Watson Public Limited Company (NASDAQ:WTW) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 6.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,092,204 shares of the company's stock after selling 391,618 shares during the period. Massachusetts Financial Services Co. MA owned 6.14% of Willis Towers Watson Public worth $2,058,860,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new stake in Willis Towers Watson Public during the first quarter valued at approximately $25,000. Cornerstone Planning Group LLC raised its position in Willis Towers Watson Public by 750.0% during the first quarter. Cornerstone Planning Group LLC now owns 85 shares of the company's stock valued at $28,000 after purchasing an additional 75 shares during the period. McIlrath & Eck LLC purchased a new stake in Willis Towers Watson Public during the fourth quarter valued at approximately $30,000. Crewe Advisors LLC purchased a new stake in Willis Towers Watson Public during the first quarter valued at approximately $32,000. Finally, GeoWealth Management LLC raised its position in Willis Towers Watson Public by 94.9% during the fourth quarter. GeoWealth Management LLC now owns 115 shares of the company's stock valued at $36,000 after purchasing an additional 56 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Willis Towers Watson Public Trading Down 1.2%

NASDAQ:WTW traded down $3.70 during midday trading on Thursday, hitting $303.90. The stock had a trading volume of 437,123 shares, compared to its average volume of 615,826. Willis Towers Watson Public Limited Company has a one year low of $262.57 and a one year high of $344.14. The company has a market capitalization of $30.13 billion, a price-to-earnings ratio of -607.58, a PEG ratio of 2.59 and a beta of 0.68. The stock has a 50-day moving average of $306.25 and a 200 day moving average of $316.58. 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 announced its quarterly earnings data 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). Willis Towers Watson Public had a positive return on equity of 20.53% and a negative net margin of 0.54%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the company earned $3.13 EPS. The firm's revenue for the quarter was down 5.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The business 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 was Monday, June 30th. This represents a $3.68 annualized dividend and a yield of 1.21%. Willis Towers Watson Public's dividend payout ratio (DPR) is presently -736.00%.

Analysts Set New Price Targets

WTW has been the topic of a number of recent research reports. Wells Fargo & Company decreased 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 report on Thursday, July 10th. Barclays cut their target price on Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating on the stock in a research note on Monday, July 7th. Jefferies Financial Group cut their target price 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 Willis Towers Watson Public from $371.00 to $366.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Willis Towers Watson Public presently has a consensus rating of "Moderate Buy" and an average price target of $367.11.

Insider Transactions at Willis Towers Watson Public

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,600 shares of the stock in a transaction 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 sale, the chief financial officer owned 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.