Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its stake in Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,281 shares of the company's stock after selling 9,903 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Willis Towers Watson Public were worth $7,395,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of WTW. Resurgent Financial Advisors LLC bought a new stake in shares of Willis Towers Watson Public during the fourth quarter worth $27,000. Loomis Sayles & Co. L P purchased a new position in shares of Willis Towers Watson Public during the third quarter valued at $28,000. Exchange Traded Concepts LLC purchased a new position in shares of Willis Towers Watson Public during the fourth quarter valued at $29,000. Covington Capital Management purchased a new position in shares of Willis Towers Watson Public during the third quarter valued at $32,000. Finally, Money Concepts Capital Corp purchased a new position in shares of Willis Towers Watson Public during the fourth quarter valued at $37,000. 93.09% of the stock is currently owned by institutional investors.

Willis Towers Watson Public Stock Performance

Shares of Willis Towers Watson Public stock traded down $3.52 on Thursday, reaching $260.31. 381,871 shares of the stock were exchanged, compared to its average volume of 458,631. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. Willis Towers Watson Public Limited has a twelve month low of $195.29 and a twelve month high of $278.86. The firm has a market capitalization of $26.62 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 1.52 and a beta of 0.73. The business has a 50 day moving average price of $271.80 and a two-hundred day moving average price of $247.25.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last released its earnings results on Tuesday, February 6th. The company reported $7.44 EPS for the quarter, topping analysts' consensus estimates of $7.05 by $0.39. Willis Towers Watson Public had a return on equity of 15.70% and a net margin of 11.12%. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter in the previous year, the company posted $6.33 earnings per share. The company's revenue was up 7.1% compared to the same quarter last year. Analysts anticipate that Willis Towers Watson Public Limited will post 16.24 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Sunday, March 31st will be given a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from Willis Towers Watson Public's previous quarterly dividend of $0.84. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.35%. Willis Towers Watson Public's payout ratio is 35.13%.

Insider Activity

In related news, CFO Andrew Jay Krasner sold 1,100 shares of the business's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $272.13, for a total transaction of $299,343.00. Following the completion of the sale, the chief financial officer now directly owns 4,170 shares in the company, valued at $1,134,782.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Truist Financial raised their price target on Willis Towers Watson Public from $275.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, February 7th. TD Cowen assumed coverage on Willis Towers Watson Public in a research note on Wednesday, January 10th. They issued an "outperform" rating and a $316.00 target price on the stock. Keefe, Bruyette & Woods lifted their target price on Willis Towers Watson Public from $307.00 to $317.00 and gave the company an "outperform" rating in a research note on Wednesday. Morgan Stanley boosted their price target on Willis Towers Watson Public from $248.00 to $270.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 7th. Finally, Raymond James restated an "outperform" rating and set a $315.00 price target (up previously from $295.00) on shares of Willis Towers Watson Public in a research note on Thursday, March 28th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Willis Towers Watson Public currently has an average rating of "Moderate Buy" and a consensus target price of $290.54.

Willis Towers Watson Public Company 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.