Skandinaviska Enskilda Banken AB publ Has $10.96 Million Stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Key Points

• Skandinaviska Enskilda Banken AB increased its stake in Willis Towers Watson by 55.5%, acquiring an additional 11,582 shares, bringing its total holdings to 32,435 shares valued at approximately $10.96 million.
• Willis Towers Watson's stock recently traded at $313.11, with a market capitalization of $31.04 billion and a 52-week range from $271.01 to $344.14.
• The company reported $3.13 earnings per share, missing analyst expectations, while its quarterly revenue of $2.22 billion was down 5% year-over-year.

Skandinaviska Enskilda Banken AB publ grew its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 55.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,435 shares of the company's stock after purchasing an additional 11,582 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Willis Towers Watson Public were worth $10,961,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in WTW. Dynamic Advisor Solutions LLC boosted its stake in shares of Willis Towers Watson Public by 1.8% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 2,018 shares of the company's stock worth $682,000 after acquiring an additional 35 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Willis Towers Watson Public by 35.6% during the 1st quarter. Bessemer Group Inc. now owns 1,208 shares of the company's stock worth $408,000 after acquiring an additional 317 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Willis Towers Watson Public by 124.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,941 shares of the company's stock worth $1,670,000 after acquiring an additional 2,737 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of Willis Towers Watson Public during the 1st quarter worth $406,000. Finally, Sunriver Management LLC boosted its stake in shares of Willis Towers Watson Public by 0.7% during the 4th quarter. Sunriver Management LLC now owns 175,627 shares of the company's stock worth $55,013,000 after acquiring an additional 1,223 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Willis Towers Watson Public Stock Up 0.2%

Shares of NASDAQ:WTW traded up $0.74 during midday trading on Wednesday, hitting $303.04. 104,244 shares of the stock were exchanged, compared to its average volume of 644,544. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.89 and a current ratio of 1.89. Willis Towers Watson Public Limited Company has a 52-week low of $271.01 and a 52-week high of $344.14. The business's fifty day simple moving average is $306.02 and its two-hundred day simple moving average is $316.38. The company has a market capitalization of $30.05 billion, a PE ratio of -606.63, a P/E/G ratio of 2.61 and a beta of 0.68.

Willis Towers Watson Public Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued 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 1.21%. Willis Towers Watson Public's dividend payout ratio is -736.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wells Fargo & Company reduced their target price on Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Jefferies Financial Group reduced their target price on Willis Towers Watson Public from $373.00 to $371.00 and set a "buy" rating for the company in a report on Friday, April 11th. 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. Finally, Barclays reduced their target price on Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating for the company in a report on Monday, July 7th. One research analyst has rated the stock with a sell rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $367.11.

Insider Activity

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 shares were sold at an average price of $315.75, for a total transaction of $505,200.00. Following the transaction, the chief financial officer directly owned 11,982 shares of the company's stock, 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 through the SEC website. Corporate 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.