Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 47.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,680 shares of the company's stock after selling 53,096 shares during the period. M&T Bank Corp owned 0.06% of Willis Towers Watson Public worth $14,395,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Exchange Traded Concepts LLC purchased a new position in shares of Willis Towers Watson Public in the fourth quarter worth about $29,000. Hexagon Capital Partners LLC lifted its stake in Willis Towers Watson Public by 168.8% in the 4th quarter. Hexagon Capital Partners LLC now owns 129 shares of the company's stock worth $31,000 after purchasing an additional 81 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Willis Towers Watson Public during the 3rd quarter worth approximately $28,000. HHM Wealth Advisors LLC purchased a new stake in shares of Willis Towers Watson Public in the fourth quarter valued at approximately $34,000. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Willis Towers Watson Public by 112.8% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 200 shares of the company's stock valued at $48,000 after purchasing an additional 106 shares in the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Andrew Jay Krasner sold 1,100 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $272.13, for a total transaction of $299,343.00. Following the sale, the chief financial officer now owns 4,170 shares of the company's stock, valued at approximately $1,134,782.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.22% of the company's stock.

Willis Towers Watson Public Stock Down 0.2 %

WTW stock traded down $0.50 during midday trading on Friday, hitting $251.99. The company's stock had a trading volume of 364,015 shares, compared to its average volume of 488,147. Willis Towers Watson Public Limited has a 52-week low of $195.29 and a 52-week high of $278.86. The firm has a 50-day simple moving average of $267.55 and a 200-day simple moving average of $253.07. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $25.76 billion, a P/E ratio of 25.27, a PEG ratio of 1.44 and a beta of 0.75.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.21 by $0.08. Willis Towers Watson Public had a return on equity of 16.31% and a net margin of 10.88%. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the prior year, the business earned $2.84 EPS. Willis Towers Watson Public's revenue was up 4.3% on a year-over-year basis. As a group, equities analysts forecast that Willis Towers Watson Public Limited will post 16.27 EPS for the current year.

Willis Towers Watson Public Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were given a $0.88 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase 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 1.40%. Willis Towers Watson Public's dividend payout ratio is currently 35.31%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on WTW shares. Stifel Nicolaus raised their target price on Willis Towers Watson Public from $236.00 to $268.00 and gave the stock a "hold" rating in a research note on Wednesday, February 7th. Truist Financial increased their price target on shares of 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. BMO Capital Markets raised shares of Willis Towers Watson Public from an "underperform" rating to a "market perform" rating and lifted their price target for the company from $236.00 to $298.00 in a research report on Monday, February 12th. Morgan Stanley increased their price objective on Willis Towers Watson Public from $248.00 to $270.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 7th. Finally, Raymond James reaffirmed an "outperform" rating and issued 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. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Willis Towers Watson Public has a consensus rating of "Moderate Buy" and an average target price of $296.00.

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.