Investment Management Corp of Ontario Sells 14,437 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Investment Management Corp of Ontario decreased its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 53.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,411 shares of the company's stock after selling 14,437 shares during the quarter. Investment Management Corp of Ontario's holdings in Willis Towers Watson Public were worth $3,888,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Janus Henderson Group PLC raised its holdings in 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 acquiring an additional 849,358 shares during the period. Game Creek Capital LP raised its stake in shares of Willis Towers Watson Public by 6.0% during the 4th quarter. Game Creek Capital LP now owns 13,250 shares of the company's stock valued at $4,150,000 after purchasing an additional 750 shares during the period. Focus Partners Wealth lifted its holdings in Willis Towers Watson Public by 29.4% during the 4th quarter. Focus Partners Wealth now owns 1,972 shares of the company's stock worth $621,000 after purchasing an additional 448 shares in the last quarter. Ensign Peak Advisors Inc lifted its holdings in Willis Towers Watson Public by 31.3% during the 4th quarter. Ensign Peak Advisors Inc now owns 87,946 shares of the company's stock worth $27,548,000 after purchasing an additional 20,984 shares in the last quarter. Finally, Ethic Inc. boosted its stake in Willis Towers Watson Public by 9.6% in the 4th quarter. Ethic Inc. now owns 13,798 shares of the company's stock worth $4,322,000 after purchasing an additional 1,208 shares during the period. Institutional investors own 93.09% of the company's stock.

Willis Towers Watson Public Stock Down 0.3%

Shares of WTW traded down $0.84 on Wednesday, reaching $303.37. The stock had a trading volume of 510,107 shares, compared to its average volume of 581,493. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.72 and a current ratio of 1.98. Willis Towers Watson Public Limited has a 12-month low of $248.09 and a 12-month high of $344.14. The firm has a market capitalization of $30.08 billion, a price-to-earnings ratio of -303.37, a price-to-earnings-growth ratio of 2.95 and a beta of 0.73. The company has a 50-day simple moving average of $319.85 and a 200-day simple moving average of $318.75.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $3.13 EPS for the quarter, missing the consensus estimate of $3.27 by ($0.14). The firm had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.29 billion. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The business's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.13 EPS. Sell-side analysts predict that Willis Towers Watson Public Limited will post 17.32 EPS for the current year.

Willis Towers Watson Public Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.92 dividend. This is a boost from Willis Towers Watson Public's previous quarterly dividend of $0.88. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Monday, March 31st. Willis Towers Watson Public's payout ratio is currently -736.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group lowered their price target on shares of Willis Towers Watson Public from $373.00 to $371.00 and set a "buy" rating on the stock in a report on Friday, April 11th. UBS Group upgraded Willis Towers Watson Public from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $344.00 to $395.00 in a research report on Tuesday, March 18th. Barclays raised 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 research note on Friday, April 11th. 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. Finally, Wells Fargo & Company reduced their target price on shares of Willis Towers Watson Public from $380.00 to $345.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $351.55.

Insiders Place Their Bets

In other Willis Towers Watson Public news, insider Julie Jarecke Gebauer sold 3,384 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $335.77, for a total transaction of $1,136,245.68. Following the completion of the sale, the insider now directly owns 74,417 shares of the company's stock, valued at approximately $24,986,996.09. This represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.32% of the company's stock.

About Willis Towers Watson Public

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.