Louisbourg Investments Inc. Buys 2,180 Shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Louisbourg Investments Inc. lifted its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 14.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,671 shares of the company's stock after purchasing an additional 2,180 shares during the quarter. Willis Towers Watson Public comprises about 1.5% of Louisbourg Investments Inc.'s holdings, making the stock its 21st largest holding. Louisbourg Investments Inc.'s holdings in Willis Towers Watson Public were worth $5,972,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC boosted its position in Willis Towers Watson Public by 2.7% in the 4th quarter. Sanctuary Advisors LLC now owns 4,135 shares of the company's stock valued at $1,364,000 after buying an additional 109 shares during the period. Sunriver Management LLC raised its stake in shares of Willis Towers Watson Public by 0.7% in the fourth quarter. Sunriver Management LLC now owns 175,627 shares of the company's stock valued at $55,013,000 after acquiring an additional 1,223 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in Willis Towers Watson Public in the fourth quarter valued at $263,000. Mackenzie Financial Corp grew its stake in Willis Towers Watson Public by 5.2% during the 4th quarter. Mackenzie Financial Corp now owns 15,113 shares of the company's stock worth $4,734,000 after purchasing an additional 741 shares in the last quarter. Finally, Causeway Capital Management LLC purchased a new stake in Willis Towers Watson Public during the 4th quarter worth about $490,000. Hedge funds and other institutional investors own 93.09% of the company's stock.

Willis Towers Watson Public Stock Performance

WTW stock traded down $0.29 during trading hours on Wednesday, hitting $297.50. 795,704 shares of the stock were exchanged, compared to its average volume of 595,112. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.58. The company has a 50-day simple moving average of $310.48 and a two-hundred day simple moving average of $318.29. Willis Towers Watson Public Limited Company has a 12 month low of $254.88 and a 12 month high of $344.14. The firm has a market capitalization of $29.50 billion, a P/E ratio of -594.99, a P/E/G ratio of 2.54 and a beta of 0.70.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last announced its quarterly earnings results 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 company 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 company's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the firm posted $3.13 earnings per share. On average, analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.92 dividend. The ex-dividend date is Monday, June 30th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.24%. Willis Towers Watson Public's dividend payout ratio (DPR) is currently -736.00%.

Analyst Ratings Changes

Several research firms have issued reports on WTW. UBS Group upgraded shares of Willis Towers Watson Public from a "neutral" rating to a "buy" rating and upped their price objective for the company from $344.00 to $395.00 in a research note on Tuesday, March 18th. Barclays lifted their target price on shares of Willis Towers Watson Public from $302.00 to $316.00 and gave the company an "underweight" rating in a report on Friday, April 11th. Jefferies Financial Group reduced 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 report on Friday, April 11th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of 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 issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $356.30.

Insider Buying and Selling

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,600 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $315.75, for a total value of $505,200.00. Following the transaction, the chief financial officer now owns 11,982 shares in the company, valued at approximately $3,783,316.50. This represents 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. 0.32% of the stock is owned by insiders.

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.