National Bank of Canada FI Sells 51,502 Shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Key Points

• National Bank of Canada FI reduced its stake in Willis Towers Watson Public Limited Company by 35.2%, now holding approximately 94,991 shares valued at $32.1 million.
• Multiple institutional investors, including T. Rowe Price, Baupost Group, and GAMMA Investing, have increased their positions in Willis Towers Watson, indicating growing confidence in the stock.
• Analysts have issued varying ratings for the stock, with a consensus rating of "Moderate Buy" and a target price of $367.11, reflecting mixed sentiment about its future performance.

National Bank of Canada FI decreased its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 35.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 94,991 shares of the company's stock after selling 51,502 shares during the period. National Bank of Canada FI owned approximately 0.10% of Willis Towers Watson Public worth $32,101,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new position in Willis Towers Watson Public in the 1st quarter valued at about $25,000. Cornerstone Planning Group LLC boosted its position in Willis Towers Watson Public by 750.0% in the first quarter. Cornerstone Planning Group LLC now owns 85 shares of the company's stock valued at $28,000 after buying an additional 75 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in Willis Towers Watson Public in the fourth quarter valued at approximately $30,000. Crewe Advisors LLC acquired a new position in shares of Willis Towers Watson Public during the first quarter worth $32,000. Finally, GeoWealth Management LLC raised its holdings in Willis Towers Watson Public by 94.9% during the 4th quarter. GeoWealth Management LLC now owns 115 shares of the company's stock worth $36,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company's stock.

Wall Street Analyst Weigh In

WTW has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on shares of Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Keefe, Bruyette & Woods decreased their target price on shares of 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. Citigroup initiated coverage on shares of Willis Towers Watson Public in a research report on Wednesday. They issued a "neutral" rating and a $351.00 price objective for the company. Cantor Fitzgerald initiated coverage on shares of Willis Towers Watson Public in a research report on Wednesday. They set a "neutral" rating and a $355.00 target price for the company. Finally, Barclays reduced their target price on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating for the company in a research report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $364.55.

Willis Towers Watson Public Price Performance

NASDAQ:WTW traded down $3.69 during trading hours on Thursday, hitting $331.01. The stock had a trading volume of 555,104 shares, compared to its average volume of 656,951. The company has a 50 day simple moving average of $308.37 and a two-hundred day simple moving average of $316.71. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.90 and a quick ratio of 1.90. Willis Towers Watson Public Limited Company has a one year low of $279.08 and a one year high of $344.14. The firm has a market capitalization of $32.29 billion, a price-to-earnings ratio of 226.75, a P/E/G ratio of 2.63 and a beta of 0.67.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.65 by $0.21. Willis Towers Watson Public had a net margin of 1.40% and a return on equity of 21.60%. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period last year, the firm earned $2.55 EPS. The business's quarterly revenue was down .2% compared to the same quarter last year. Research analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders 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 dividend yield of 1.1%. Willis Towers Watson Public's dividend payout ratio (DPR) is 252.05%.

Insider Buying and Selling at Willis Towers Watson Public

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,600 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $315.75, for a total transaction of $505,200.00. Following the completion of the sale, the chief financial officer directly owned 11,982 shares in the company, valued at $3,783,316.50. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.32% of the company's stock.

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.