Silvercrest Asset Management Group LLC Invests $11.61 Million in Willis Towers Watson Public Limited (NASDAQ:WTW)

Silvercrest Asset Management Group LLC acquired a new position in Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 37,067 shares of the company's stock, valued at approximately $11,611,000.

A number of other hedge funds have also bought and sold shares of the business. FMR LLC increased its position in shares of 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 during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Willis Towers Watson Public by 77.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,788,542 shares of the company's stock worth $873,483,000 after purchasing an additional 1,217,714 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Willis Towers Watson Public by 14.7% in the fourth quarter. Invesco Ltd. now owns 2,228,497 shares of the company's stock worth $698,055,000 after buying an additional 285,497 shares in the last quarter. Baupost Group LLC MA boosted its position in shares of Willis Towers Watson Public by 3.1% during the fourth quarter. Baupost Group LLC MA now owns 1,836,748 shares of the company's stock worth $575,343,000 after acquiring an additional 55,542 shares during the last quarter. Finally, Norges Bank purchased a new position in Willis Towers Watson Public during the fourth quarter valued at $484,210,000. Hedge funds and other institutional investors own 93.09% of the company's stock.

Willis Towers Watson Public Trading Down 0.6%

Shares of Willis Towers Watson Public stock traded down $1.91 during trading on Wednesday, hitting $310.83. The stock had a trading volume of 548,376 shares, compared to its average volume of 583,479. Willis Towers Watson Public Limited has a 12 month low of $248.09 and a 12 month high of $344.14. 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 firm's fifty day simple moving average is $318.85 and its 200-day simple moving average is $319.36. The stock has a market cap of $30.82 billion, a PE ratio of -310.83, a PEG ratio of 2.95 and a beta of 0.73.

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 20.02% and a negative net margin of 0.99%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the business earned $3.13 EPS. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. As a group, sell-side 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Monday, June 30th. Willis Towers Watson Public's payout ratio is currently -736.00%.

Insider Buying and Selling at Willis Towers Watson Public

In related news, insider Julie Jarecke Gebauer sold 3,384 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $335.77, for a total value of $1,136,245.68. Following the completion of the sale, the insider now owns 74,417 shares in the company, valued at approximately $24,986,996.09. The trade was a 4.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays increased their price objective on shares of Willis Towers Watson Public from $302.00 to $316.00 and gave the company an "underweight" rating in a report on Friday, April 11th. Jefferies Financial Group dropped their price target on 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. Keefe, Bruyette & Woods cut their price target 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. Finally, UBS Group raised Willis Towers Watson Public from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $344.00 to $395.00 in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $351.55.

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.