Willis Towers Watson Public Limited Company $WTW Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its shareholding in Willis Towers Watson by 31.1% in the first quarter, now owning 5,730 shares valued at approximately $1.94 million.
• Institutional investors collectively own 93.09% of Willis Towers Watson, indicating significant institutional interest in the company.
• The company's recent earnings report showed $2.86 EPS, surpassing expectations, with a marginal 0.2% year-over-year decrease in revenue.

Gulf International Bank UK Ltd decreased its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 31.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,730 shares of the company's stock after selling 2,588 shares during the period. Gulf International Bank UK Ltd's holdings in Willis Towers Watson Public were worth $1,936,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased its position 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 purchasing an additional 1,217,714 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Willis Towers Watson Public by 14.3% in the 4th quarter. Northern Trust Corp now owns 1,216,487 shares of the company's stock valued at $381,052,000 after purchasing an additional 152,128 shares in the last quarter. GAMMA Investing LLC boosted its position in 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 acquiring an additional 1,004,947 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Willis Towers Watson Public by 10.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 936,390 shares of the company's stock worth $293,315,000 after acquiring an additional 91,973 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Willis Towers Watson Public by 6,286.4% during the 4th quarter. Janus Henderson Group PLC now owns 862,869 shares of the company's stock valued at $270,284,000 after purchasing an additional 849,358 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company's stock.

Insider Activity at Willis Towers Watson Public

In other news, CFO Andrew Jay Krasner sold 1,600 shares of Willis Towers Watson Public stock in a transaction dated 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 owned 11,982 shares of the company's stock, valued at $3,783,316.50. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.32% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Citigroup started coverage on shares of Willis Towers Watson Public in a research report on Wednesday, August 13th. They set a "neutral" rating and a $351.00 price objective for the company. Morgan Stanley boosted their price target on Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an "equal weight" rating in a research report on Monday. Barclays cut their price target 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. Finally, Cantor Fitzgerald initiated coverage on shares of Willis Towers Watson Public in a report on Wednesday, August 13th. They issued a "neutral" rating and a $355.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $362.92.

Willis Towers Watson Public Stock Up 0.6%

NASDAQ:WTW traded up $2.09 during midday trading on Tuesday, hitting $331.68. 93,393 shares of the company were exchanged, compared to its average volume of 653,785. The company has a market capitalization of $32.36 billion, a PE ratio of 227.22, a price-to-earnings-growth ratio of 2.63 and a beta of 0.67. Willis Towers Watson Public Limited Company has a fifty-two week low of $280.37 and a fifty-two week high of $344.14. The company has a fifty day simple moving average of $309.81 and a 200 day simple moving average of $316.60. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.58.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $2.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.65 by $0.21. Willis Towers Watson Public had a net margin of 1.40% and a return on equity of 21.60%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the firm posted $2.55 earnings per share. The company's revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

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.