Alhambra Investment Management LLC Has $388,000 Stake in Willis Towers Watson Public Limited (NASDAQ:WTW)

Alhambra Investment Management LLC trimmed its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 9.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,147 shares of the company’s stock after selling 113 shares during the period. Alhambra Investment Management LLC’s holdings in Willis Towers Watson Public were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Willis Towers Watson Public in the fourth quarter valued at $484,210,000. FMR LLC increased its holdings in shares of Willis Towers Watson Public by 52.4% in the fourth quarter. FMR LLC now owns 3,682,939 shares of the company’s stock valued at $1,153,644,000 after purchasing an additional 1,266,484 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Willis Towers Watson Public by 77.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,788,542 shares of the company’s stock valued at $873,483,000 after purchasing an additional 1,217,714 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Willis Towers Watson Public by 40,489.4% in the first quarter. GAMMA Investing LLC now owns 1,007,429 shares of the company’s stock valued at $340,461,000 after purchasing an additional 1,004,947 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Willis Towers Watson Public by 6,676.1% in the fourth 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. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on WTW shares. Barclays upped their price target 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 decreased their price target on shares of Willis Towers Watson Public from $371.00 to $366.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Jefferies Financial Group decreased 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 research note on Friday, April 11th. Finally, UBS Group upgraded shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and upped their price target for the company from $344.00 to $395.00 in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $356.30.

Willis Towers Watson Public Trading Down 1.4%

WTW opened at $296.83 on Wednesday. Willis Towers Watson Public Limited has a twelve month low of $253.03 and a twelve month high of $344.14. The company has a 50-day simple moving average of $311.27 and a 200 day simple moving average of $319.03. 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 stock has a market capitalization of $29.43 billion, a price-to-earnings ratio of -296.83, a P/E/G ratio of 2.95 and a beta of 0.70.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, April 24th. The company reported $3.13 earnings per share 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 the consensus estimate of $2.29 billion. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.13 EPS. Analysts predict that Willis Towers Watson Public Limited will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.92 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.24%. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently -736.00%.

Insider Transactions at Willis Towers Watson Public

In other news, CFO Andrew Jay Krasner sold 1,600 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $315.75, for a total value of $505,200.00. Following the completion of the transaction, the chief financial officer now owns 11,982 shares of the company’s stock, valued at approximately $3,783,316.50. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.