Penserra Capital Management LLC Buys 2,392 Shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Penserra Capital Management LLC grew its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 326.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,124 shares of the company's stock after acquiring an additional 2,392 shares during the period. Penserra Capital Management LLC's holdings in Willis Towers Watson Public were worth $1,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. FMR LLC lifted its stake 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 buying an additional 1,266,484 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Willis Towers Watson Public by 77.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,788,542 shares of the company's stock valued at $873,483,000 after buying an additional 1,217,714 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Willis Towers Watson Public by 14.7% during the 4th quarter. Invesco Ltd. now owns 2,228,497 shares of the company's stock valued at $698,055,000 after buying an additional 285,497 shares in the last quarter. Baupost Group LLC MA lifted its stake in shares of Willis Towers Watson Public by 3.1% during the 4th quarter. Baupost Group LLC MA now owns 1,836,748 shares of the company's stock valued at $575,343,000 after buying an additional 55,542 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Willis Towers Watson Public during the 4th quarter valued at $484,210,000. Institutional investors own 93.09% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on WTW shares. Wells Fargo & Company decreased their price target on shares of Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating on the stock in a research note on Thursday. 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 on the stock in a research note on Friday, April 11th. UBS Group upgraded shares of Willis Towers Watson Public from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $344.00 to $395.00 in a research note on Tuesday, March 18th. Barclays decreased their price target on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating on the stock in a research note on Monday. Finally, 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 on the stock in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $357.60.

Insider Buying and Selling

In related 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 transaction, the chief financial officer directly owned 11,982 shares in the company, valued at approximately $3,783,316.50. This represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.32% of the company's stock.

Willis Towers Watson Public Price Performance

Shares of Willis Towers Watson Public stock traded up $0.31 during trading hours on Thursday, reaching $308.82. The company's stock had a trading volume of 128,825 shares, compared to its average volume of 608,657. The firm has a 50 day moving average price of $306.31 and a 200-day moving average price of $316.87. Willis Towers Watson Public Limited Company has a one year low of $255.19 and a one year high of $344.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.89 and a quick ratio of 1.89. The stock has a market cap of $30.62 billion, a P/E ratio of -617.75, a P/E/G ratio of 2.60 and a beta of 0.68.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $3.13 EPS for the quarter, missing the consensus estimate of $3.27 by ($0.14). The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.29 billion. Willis Towers Watson Public had a negative net margin of 0.54% and a positive return on equity of 20.53%. The business's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.13 earnings per share. On average, analysts predict that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, June 30th. This represents a $3.68 annualized dividend and a yield of 1.19%. Willis Towers Watson Public's payout ratio is -736.00%.

About Willis Towers Watson Public

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.