USA Financial Formulas Invests $1.14 Million in Willis Towers Watson Public Limited (NASDAQ:WTW)

USA Financial Formulas bought a new position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,373 shares of the company's stock, valued at approximately $1,140,000.

A number of other institutional investors also recently modified their holdings of the company. McIlrath & Eck LLC bought a new position in Willis Towers Watson Public in the fourth quarter worth about $30,000. GeoWealth Management LLC raised its stake in Willis Towers Watson Public by 94.9% in the fourth quarter. GeoWealth Management LLC now owns 115 shares of the company's stock worth $36,000 after buying an additional 56 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in Willis Towers Watson Public in the fourth quarter worth about $49,000. Park Square Financial Group LLC bought a new position in Willis Towers Watson Public in the fourth quarter worth about $62,000. Finally, Golden State Wealth Management LLC bought a new position in Willis Towers Watson Public in the fourth quarter worth about $72,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WTW shares. Barclays increased 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 research note on Friday, April 11th. Jefferies Financial Group decreased their price target on shares of 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 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 note on Monday, April 28th. Finally, UBS Group raised shares of Willis Towers Watson Public from a "neutral" rating to a "buy" rating and raised their target price for the company from $344.00 to $395.00 in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Willis Towers Watson Public presently has a consensus rating of "Moderate Buy" and a consensus target price of $356.30.

Insider Buying and Selling

In related news, CFO Andrew Jay Krasner sold 1,600 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $315.75, for a total value of $505,200.00. Following the sale, the chief financial officer now owns 11,982 shares in the company, valued at approximately $3,783,316.50. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

Willis Towers Watson Public Stock Down 1.6%

Shares of NASDAQ:WTW traded down $4.78 during trading on Friday, reaching $296.33. 578,811 shares of the stock traded hands, compared to its average volume of 592,848. The stock has a 50-day moving average of $310.90 and a two-hundred day moving average of $318.62. Willis Towers Watson Public Limited has a 52-week low of $254.44 and a 52-week high of $344.14. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.72 and a current ratio of 1.98. The stock has a market cap of $29.38 billion, a P/E ratio of -296.33, a price-to-earnings-growth ratio of 2.95 and a beta of 0.70.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $3.13 EPS for the quarter, missing analysts' consensus estimates of $3.27 by ($0.14). Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The firm had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.29 billion. During the same quarter in the previous year, the company earned $3.13 EPS. The company's quarterly revenue was down 5.0% compared to the same quarter last year. As a group, sell-side analysts expect that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Monday, June 30th. Willis Towers Watson Public's dividend payout ratio is currently -736.00%.

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.