Oppenheimer Asset Management Inc. Raises Holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Oppenheimer Asset Management Inc. lifted its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 124.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,941 shares of the company's stock after buying an additional 2,737 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Willis Towers Watson Public were worth $1,670,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Dynamic Advisor Solutions LLC boosted its position in shares of Willis Towers Watson Public by 1.8% during the first quarter. Dynamic Advisor Solutions LLC now owns 2,018 shares of the company's stock valued at $682,000 after buying an additional 35 shares during the last quarter. Ritholtz Wealth Management purchased a new position in Willis Towers Watson Public in the first quarter worth $406,000. Sunriver Management LLC boosted its position in Willis Towers Watson Public by 0.7% in the fourth quarter. Sunriver Management LLC now owns 175,627 shares of the company's stock worth $55,013,000 after purchasing an additional 1,223 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new position in Willis Towers Watson Public in the fourth quarter worth $263,000. Finally, Farther Finance Advisors LLC boosted its position in Willis Towers Watson Public by 51.5% in the first quarter. Farther Finance Advisors LLC now owns 491 shares of the company's stock worth $165,000 after purchasing an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company's stock.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ WTW traded up $2.69 during trading on Friday, reaching $304.50. 1,329,652 shares of the stock traded hands, compared to its average volume of 598,585. 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 52-week low of $255.19 and a 52-week high of $344.14. The stock has a market capitalization of $30.19 billion, a P/E ratio of -608.99, a price-to-earnings-growth ratio of 2.60 and a beta of 0.70. The company has a 50-day moving average of $307.08 and a 200-day moving average of $317.19.

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

Willis Towers Watson Public Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.92 per share. The ex-dividend date is Monday, June 30th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.21%. Willis Towers Watson Public's payout ratio is -736.00%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WTW. Jefferies Financial Group cut their price objective 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. UBS Group raised Willis Towers Watson Public from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $344.00 to $395.00 in a research report on Tuesday, March 18th. Barclays boosted their price objective on Willis Towers Watson Public from $302.00 to $316.00 and gave the stock an "underweight" rating in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods dropped their price target on Willis Towers Watson Public from $371.00 to $366.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $356.30.

Insiders Place Their Bets

In other news, CFO Andrew Jay Krasner sold 1,600 shares of the 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 transaction, the chief financial officer now directly owns 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 Securities & Exchange Commission, which can be accessed through this link. 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.