Kingsview Wealth Management LLC Decreases Position in Willis Towers Watson Public Limited Company $WTW

Kingsview Wealth Management LLC cut its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 10.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,762 shares of the company’s stock after selling 3,235 shares during the period. Kingsview Wealth Management LLC’s holdings in Willis Towers Watson Public were worth $8,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of WTW. Legal & General Group Plc raised its position in shares of Willis Towers Watson Public by 1.6% in the fourth quarter. Legal & General Group Plc now owns 690,210 shares of the company’s stock worth $226,803,000 after buying an additional 10,697 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Willis Towers Watson Public by 945.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 57,641 shares of the company’s stock worth $18,941,000 after buying an additional 52,125 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Willis Towers Watson Public by 7.5% during the third quarter. Natixis Advisors LLC now owns 179,771 shares of the company’s stock worth $62,102,000 after purchasing an additional 12,575 shares in the last quarter. Heartland Advisors Inc. increased its position in shares of Willis Towers Watson Public by 25.4% in the third quarter. Heartland Advisors Inc. now owns 23,959 shares of the company’s stock worth $8,277,000 after purchasing an additional 4,859 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Willis Towers Watson Public by 45.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 20,225 shares of the company’s stock valued at $6,646,000 after purchasing an additional 6,340 shares in the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Lucy Clarke acquired 1,896 shares of the stock in a transaction on Wednesday, May 6th. The stock was purchased at an average price 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 $5,982,976.29. This trade represents a 9.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by company insiders.

Willis Towers Watson Public Price Performance

Shares of Willis Towers Watson Public stock opened at $252.01 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.92 and a current ratio of 2.92. Willis Towers Watson Public Limited Company has a 52-week low of $240.61 and a 52-week high of $352.79. The company has a fifty day moving average of $276.21 and a 200-day moving average of $302.11. The stock has a market capitalization of $23.80 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 1.12 and a beta of 0.45.

Willis Towers Watson Public (NASDAQ:WTW) last issued 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. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The company had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the company earned $3.13 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts expect that Willis Towers Watson Public Limited Company will post 19.53 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Willis Towers Watson Public’s payout ratio is 22.39%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Mizuho cut their price target on shares of Willis Towers Watson Public from $353.00 to $338.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Keefe, Bruyette & Woods lowered their price objective on shares of Willis Towers Watson Public from $384.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th. Cantor Fitzgerald cut their target price on shares of Willis Towers Watson Public from $363.00 to $354.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Piper Sandler reduced their target price on Willis Towers Watson Public from $341.00 to $283.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Finally, Weiss Ratings downgraded Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $351.73.

Willis Towers Watson Public Company 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.