Bank of New York Mellon Corp Sells 7,850 Shares of Willis Towers Watson Public Limited Company $WTW

Bank of New York Mellon Corp reduced its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 491,282 shares of the company’s stock after selling 7,850 shares during the quarter. Bank of New York Mellon Corp’s holdings in Willis Towers Watson Public were worth $169,713,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of WTW. Alpine Bank Wealth Management bought a new position in Willis Towers Watson Public in the 3rd quarter valued at $25,000. SOA Wealth Advisors LLC. lifted its stake in shares of Willis Towers Watson Public by 8,200.0% during the third quarter. SOA Wealth Advisors LLC. now owns 83 shares of the company’s stock valued at $29,000 after acquiring an additional 82 shares during the period. Quent Capital LLC bought a new position in Willis Towers Watson Public in the third quarter valued at about $34,000. Elevation Point Wealth Partners LLC acquired a new stake in Willis Towers Watson Public in the second quarter worth about $39,000. Finally, Motco raised its holdings in Willis Towers Watson Public by 1,933.3% during the 3rd quarter. Motco now owns 122 shares of the company’s stock worth $42,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

WTW has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of Willis Towers Watson Public from $356.00 to $366.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Evercore ISI reduced their target price on Willis Towers Watson Public from $387.00 to $383.00 and set an “outperform” rating on the stock in a report on Wednesday, January 7th. Keefe, Bruyette & Woods upped their price target on Willis Towers Watson Public from $375.00 to $388.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Willis Towers Watson Public in a research note on Monday, December 29th. Finally, Cantor Fitzgerald lowered their target price on shares of Willis Towers Watson Public from $365.00 to $345.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $369.08.

Willis Towers Watson Public Stock Performance

Shares of WTW opened at $317.47 on Friday. The firm has a market cap of $30.40 billion, a P/E ratio of 15.11, a PEG ratio of 1.52 and a beta of 0.63. Willis Towers Watson Public Limited Company has a twelve month low of $292.97 and a twelve month high of $352.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.69 and a current ratio of 1.69. The firm’s 50 day moving average price is $325.72 and its two-hundred day moving average price is $326.81.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, October 30th. The company reported $3.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.02. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Willis Towers Watson Public had a return on equity of 21.46% and a net margin of 21.58%.The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.93 EPS. On average, analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.92 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $3.68 annualized dividend and a yield of 1.2%. Willis Towers Watson Public’s payout ratio is presently 17.52%.

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.