Swedbank AB Sells 5,676 Shares of Willis Towers Watson Public Limited Company $WTW

Swedbank AB trimmed its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 28.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,124 shares of the company’s stock after selling 5,676 shares during the period. Swedbank AB’s holdings in Willis Towers Watson Public were worth $4,641,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in WTW. Dodge & Cox lifted its position in shares of Willis Towers Watson Public by 184.1% in the third quarter. Dodge & Cox now owns 3,632,191 shares of the company’s stock valued at $1,254,740,000 after acquiring an additional 2,353,768 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Willis Towers Watson Public by 80.2% in the second quarter. Alliancebernstein L.P. now owns 1,038,275 shares of the company’s stock valued at $318,231,000 after acquiring an additional 462,249 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Willis Towers Watson Public by 56.8% in the second quarter. Bank of America Corp DE now owns 745,074 shares of the company’s stock valued at $228,365,000 after acquiring an additional 269,794 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Willis Towers Watson Public by 546.4% in the third quarter. Tidal Investments LLC now owns 255,679 shares of the company’s stock valued at $88,324,000 after acquiring an additional 216,124 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in shares of Willis Towers Watson Public by 6,645.5% in the third quarter. Balyasny Asset Management L.P. now owns 213,089 shares of the company’s stock valued at $73,612,000 after acquiring an additional 209,930 shares in the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Willis Towers Watson Public

In other news, insider Lucy Clarke bought 1,896 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were bought at an average cost of $263.37 per share, for a total transaction of $499,349.52. Following the completion of the transaction, the insider owned 22,717 shares of the company’s stock, valued at approximately $5,982,976.29. This represents a 9.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Willis Towers Watson Public Price Performance

NASDAQ:WTW opened at $256.36 on Friday. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $24.21 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.13 and a beta of 0.45. Willis Towers Watson Public Limited Company has a 12 month low of $246.60 and a 12 month high of $352.79. The business’s 50-day moving average is $289.42 and its 200 day moving average is $309.58.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Friday, May 1st. The company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.65 by $0.07. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.41 billion. Willis Towers Watson Public had a return on equity of 21.52% and a net margin of 16.84%.The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.13 earnings per share. On average, equities research analysts forecast that Willis Towers Watson Public Limited Company will post 19.5 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $0.96 dividend. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.92. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, March 31st. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 22.39%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WTW shares. Mizuho lowered their price objective on Willis Towers Watson Public from $353.00 to $338.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. Keefe, Bruyette & Woods lowered their price objective on Willis Towers Watson Public from $388.00 to $384.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Morgan Stanley lowered their price objective on Willis Towers Watson Public from $330.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Truist Financial upgraded Willis Towers Watson Public to a “strong-buy” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen upgraded Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $352.00.

Willis Towers Watson Public Profile

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.