Olstein Capital Management L.P. Reduces Stock Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Olstein Capital Management L.P. decreased its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 14.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,500 shares of the company's stock after selling 3,000 shares during the quarter. Olstein Capital Management L.P.'s holdings in Willis Towers Watson Public were worth $5,914,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. McIlrath & Eck LLC bought a new stake in shares of Willis Towers Watson Public during the 4th quarter worth $30,000. GeoWealth Management LLC grew 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 acquiring an additional 56 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Willis Towers Watson Public during the 4th quarter valued at about $49,000. Park Square Financial Group LLC acquired a new stake in Willis Towers Watson Public during the fourth quarter worth approximately $62,000. Finally, Golden State Wealth Management LLC acquired a new position in Willis Towers Watson Public in the fourth quarter valued at approximately $72,000. 93.09% of the stock is currently owned by institutional investors.

Willis Towers Watson Public Stock Up 1.7%

Shares of NASDAQ WTW traded up $5.15 during mid-day trading on Thursday, reaching $301.11. 508,528 shares of the company's stock traded hands, compared to its average volume of 589,918. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.98 and a quick ratio of 1.72. The business has a 50-day simple moving average of $311.01 and a 200 day simple moving average of $318.87. The stock has a market cap of $29.86 billion, a P/E ratio of -301.11, a PEG ratio of 2.95 and a beta of 0.70. Willis Towers Watson Public Limited has a 1-year low of $253.03 and a 1-year high of $344.14.

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 analysts' expectations of $2.29 billion. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The business's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the company earned $3.13 earnings per share. On average, analysts expect that Willis Towers Watson Public Limited will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.92 dividend. The ex-dividend date is Monday, June 30th. This represents a $3.68 annualized dividend and a dividend yield of 1.22%. Willis Towers Watson Public's payout ratio is presently -736.00%.

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 Willis Towers Watson Public 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 completion of the sale, the chief financial officer now directly owns 11,982 shares in the company, valued at $3,783,316.50. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.32% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WTW. UBS Group raised shares of Willis Towers Watson Public from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $344.00 to $395.00 in a research report on Tuesday, March 18th. Barclays raised their price target on shares of Willis Towers Watson Public from $302.00 to $316.00 and gave the stock an "underweight" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods decreased their price target on shares of Willis Towers Watson Public from $371.00 to $366.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Finally, Jefferies Financial Group dropped their price objective on shares of Willis Towers Watson Public from $373.00 to $371.00 and set a "buy" rating on the stock in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $356.30.

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.