Geode Capital Management LLC Sells 32,375 Shares of Willis Towers Watson Public Limited Company $WTW

Geode Capital Management LLC lowered its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 1.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,546,859 shares of the company’s stock after selling 32,375 shares during the quarter. Geode Capital Management LLC’s holdings in Willis Towers Watson Public were worth $833,671,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WTW. Dodge & Cox grew its holdings in shares of Willis Towers Watson Public by 184.1% during the 3rd quarter. Dodge & Cox now owns 3,632,191 shares of the company’s stock valued at $1,254,740,000 after purchasing an additional 2,353,768 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Willis Towers Watson Public by 80.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,038,275 shares of the company’s stock valued at $318,231,000 after acquiring an additional 462,249 shares during the period. Bank of America Corp DE boosted its holdings in Willis Towers Watson Public by 56.8% during the 2nd quarter. Bank of America Corp DE now owns 745,074 shares of the company’s stock valued at $228,365,000 after acquiring an additional 269,794 shares during the period. Tidal Investments LLC grew its position in Willis Towers Watson Public by 546.4% during the 3rd quarter. Tidal Investments LLC now owns 255,679 shares of the company’s stock worth $88,324,000 after acquiring an additional 216,124 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its position in Willis Towers Watson Public by 6,645.5% during the 3rd quarter. Balyasny Asset Management L.P. now owns 213,089 shares of the company’s stock worth $73,612,000 after acquiring an additional 209,930 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

Insider Transactions at Willis Towers Watson Public

In other news, insider Lucy Clarke purchased 1,896 shares of Willis Towers Watson Public stock in a transaction that occurred on Wednesday, May 6th. The shares were bought at an average cost of $263.37 per share, with a total value of $499,349.52. Following the completion of the purchase, the insider directly owned 22,717 shares in the company, valued at approximately $5,982,976.29. This trade represents a 9.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by insiders.

Willis Towers Watson Public Stock Performance

Shares of WTW stock opened at $249.67 on Friday. Willis Towers Watson Public Limited Company has a 52 week low of $240.61 and a 52 week high of $352.79. The firm has a market capitalization of $23.58 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 0.81 and a beta of 0.45. The stock has a fifty day moving average of $275.46 and a 200 day moving average of $301.74. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.78.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Friday, May 1st. The company reported $3.72 earnings per share (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 during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the firm earned $3.13 earnings per share. Willis Towers Watson Public’s revenue was up 8.5% on a year-over-year basis. As a group, research analysts expect that Willis Towers Watson Public Limited Company will post 19.53 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors 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 yield of 1.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio is presently 22.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Morgan Stanley decreased their price target on Willis Towers Watson Public from $330.00 to $320.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Truist Financial upgraded shares of Willis Towers Watson Public to a “strong-buy” rating in a report on Thursday, April 30th. Barclays decreased their target price on shares of Willis Towers Watson Public from $341.00 to $322.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. BMO Capital Markets upgraded shares of Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $347.00 to $300.00 in a report on Friday, May 1st. Finally, Piper Sandler cut their price target on shares of Willis Towers Watson Public from $341.00 to $283.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $351.73.

Willis Towers Watson Public 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.