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

Swedbank AB reduced its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 28.7% during the fourth quarter, HoldingsChannel reports. The firm 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 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC boosted its stake in shares of Willis Towers Watson Public by 375.0% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock valued at $25,000 after purchasing an additional 60 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Willis Towers Watson Public by 72.5% in the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock valued at $29,000 after purchasing an additional 37 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in shares of Willis Towers Watson Public in the 3rd quarter valued at $31,000. Elyxium Wealth LLC bought a new stake in shares of Willis Towers Watson Public in the 4th quarter valued at $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Willis Towers Watson Public in the 4th quarter valued at $39,000. 93.09% of the stock is owned by institutional investors.

Willis Towers Watson Public Stock Down 0.4%

Willis Towers Watson Public stock opened at $256.35 on Wednesday. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.78. The firm’s fifty day moving average is $277.72 and its 200 day moving average is $303.11. Willis Towers Watson Public Limited Company has a 12-month low of $240.61 and a 12-month high of $352.79. The company has a market capitalization of $24.21 billion, a PE ratio of 14.95, a PEG ratio of 1.13 and a beta of 0.45.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Friday, May 1st. The company reported $3.72 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the company posted $3.13 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. As a group, sell-side analysts predict that Willis Towers Watson Public Limited Company will post 19.52 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.96 per share. The ex-dividend date is Tuesday, June 30th. This represents a $3.84 annualized dividend and a yield of 1.5%. Willis Towers Watson Public’s dividend payout ratio is presently 22.39%.

Insiders Place Their Bets

In other Willis Towers Watson Public news, insider Lucy Clarke acquired 1,896 shares of the stock in a transaction on Wednesday, May 6th. The shares were purchased at an average price of $263.37 per share, for a total transaction of $499,349.52. Following the completion of the acquisition, the insider owned 22,717 shares in the company, valued at approximately $5,982,976.29. This represents a 9.11% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on WTW shares. Morgan Stanley dropped their target price on shares of 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 shares of Willis Towers Watson Public to a “strong-buy” rating in a research report on Thursday, April 30th. UBS Group dropped their target price on shares of Willis Towers Watson Public from $409.00 to $400.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Piper Sandler dropped their target price on shares of Willis Towers Watson Public from $341.00 to $283.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Willis Towers Watson Public has an average rating of “Moderate Buy” and a consensus price target of $351.73.

About Willis Towers Watson Public

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.