Summit Investment Advisors Inc. Sells 56 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Summit Investment Advisors Inc. reduced its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,787 shares of the company’s stock after selling 56 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Willis Towers Watson Public were worth $1,813,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in WTW. FMR LLC grew its holdings in Willis Towers Watson Public by 52.4% in the 4th quarter. FMR LLC now owns 3,682,939 shares of the company’s stock valued at $1,153,644,000 after buying an additional 1,266,484 shares during the last quarter. Invesco Ltd. grew its stake in shares of Willis Towers Watson Public by 14.7% in the fourth quarter. Invesco Ltd. now owns 2,228,497 shares of the company’s stock worth $698,055,000 after acquiring an additional 285,497 shares during the last quarter. Norges Bank bought a new position in Willis Towers Watson Public during the fourth quarter worth $484,210,000. Wellington Management Group LLP raised its stake in Willis Towers Watson Public by 6,676.1% during the 4th quarter. Wellington Management Group LLP now owns 988,430 shares of the company’s stock valued at $309,616,000 after purchasing an additional 973,843 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Willis Towers Watson Public by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 604,686 shares of the company’s stock valued at $189,412,000 after purchasing an additional 12,162 shares during the period. 93.09% of the stock is currently owned by institutional investors.

Willis Towers Watson Public Trading Down 0.3 %

Shares of WTW stock opened at $327.16 on Wednesday. The company has a market capitalization of $32.62 billion, a P/E ratio of -327.16, a P/E/G ratio of 2.95 and a beta of 0.68. Willis Towers Watson Public Limited has a 12-month low of $245.04 and a 12-month high of $344.14. The company has a quick ratio of 1.72, a current ratio of 1.98 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $327.11 and a 200 day moving average price of $316.19.

Willis Towers Watson Public (NASDAQ:WTW) last announced its earnings results on Tuesday, February 4th. The company reported $8.13 EPS for the quarter, topping the consensus estimate of $8.01 by $0.12. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the previous year, the business earned $7.44 EPS. Willis Towers Watson Public’s revenue was up 4.2% compared to the same quarter last year. Research analysts forecast that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.88. Willis Towers Watson Public’s dividend payout ratio is presently -368.00%.

Insider Activity

In other 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 transaction, the insider now directly owns 74,417 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

WTW has been the topic of several research reports. Jefferies Financial Group dropped their price objective 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. Evercore ISI raised Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and upped their price target for the company from $357.00 to $373.00 in a report on Wednesday, January 8th. Wells Fargo & Company decreased their price objective on 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. UBS Group upgraded Willis Towers Watson Public from a “neutral” rating to a “buy” rating and upped their target price for the company from $344.00 to $395.00 in a research note on Tuesday, March 18th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $387.00 price target on shares of Willis Towers Watson Public in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Willis Towers Watson Public presently has an average rating of “Moderate Buy” and an average price target of $346.38.

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.