Willis Towers Watson Public Limited Company (NASDAQ:WTW) Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC increased its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 326.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WTW. Norges Bank purchased a new position in Willis Towers Watson Public in the 4th quarter worth $484,210,000. FMR LLC raised 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 during the last quarter. T. Rowe Price Investment Management Inc. raised 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 during the last quarter. GAMMA Investing LLC raised its stake in shares of Willis Towers Watson Public by 40,489.4% during the 1st quarter. GAMMA Investing LLC now owns 1,007,429 shares of the company's stock valued at $340,461,000 after buying an additional 1,004,947 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Willis Towers Watson Public by 6,676.1% during the 4th quarter. Wellington Management Group LLP now owns 988,430 shares of the company's stock valued at $309,616,000 after buying an additional 973,843 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods reduced their price objective on 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. Wells Fargo & Company reduced their price objective on Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating for the company in a research note on Thursday. Barclays dropped their target price on Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating on the stock in a research report on Monday. Jefferies Financial Group dropped their target price on Willis Towers Watson Public from $373.00 to $371.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, UBS Group upgraded 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 report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $367.11.

Willis Towers Watson Public Price Performance

WTW stock traded down $2.50 during trading on Friday, hitting $307.32. The stock had a trading volume of 570,747 shares, compared to its average volume of 611,146. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.89 and a quick ratio of 1.89. Willis Towers Watson Public Limited Company has a twelve month low of $257.58 and a twelve month high of $344.14. The stock has a market capitalization of $30.47 billion, a P/E ratio of -614.63, a PEG ratio of 2.63 and a beta of 0.68. The company's 50-day moving average price is $306.38 and its two-hundred day moving average price is $316.84.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last posted 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). The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.29 billion. Willis Towers Watson Public had a positive return on equity of 20.53% and a negative net margin of 0.54%. The company's quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.13 earnings per share. As a group, research analysts predict that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

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 given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Monday, June 30th. Willis Towers Watson Public's payout ratio is -736.00%.

Insider Activity

In related news, CFO Andrew Jay Krasner sold 1,600 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was 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 directly owned 11,982 shares of the company's stock, valued at approximately $3,783,316.50. This trade represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.32% of the company's stock.

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.