Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 10.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 26,547 shares of the company’s stock after selling 3,029 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Willis Towers Watson Public were worth $6,403,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Willis Towers Watson Public by 2.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,699 shares of the company’s stock valued at $416,000 after buying an additional 42 shares during the period. Steel Canyon Capital LLC lifted its holdings in shares of Willis Towers Watson Public by 0.3% in the 4th quarter. Steel Canyon Capital LLC now owns 16,063 shares of the company’s stock valued at $3,929,000 after buying an additional 51 shares during the period. Brighton Jones LLC lifted its holdings in shares of Willis Towers Watson Public by 4.3% in the 3rd quarter. Brighton Jones LLC now owns 1,253 shares of the company’s stock valued at $262,000 after buying an additional 52 shares during the period. Strs Ohio lifted its holdings in shares of Willis Towers Watson Public by 0.6% in the 3rd quarter. Strs Ohio now owns 8,829 shares of the company’s stock valued at $1,844,000 after buying an additional 55 shares during the period. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Willis Towers Watson Public by 3.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 1,743 shares of the company’s stock valued at $364,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insider Activity

In other news, CFO Andrew Jay Krasner sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $272.13, for a total value of $299,343.00. Following the completion of the sale, the chief financial officer now directly owns 4,170 shares in the company, valued at $1,134,782.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Willis Towers Watson Public from $248.00 to $270.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Raymond James reissued an “outperform” rating and issued a $315.00 price objective (up previously from $295.00) on shares of Willis Towers Watson Public in a report on Thursday, March 28th. Roth Mkm lifted their price target on Willis Towers Watson Public from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Keefe, Bruyette & Woods lifted their price target on Willis Towers Watson Public from $307.00 to $317.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Finally, TD Cowen initiated coverage on Willis Towers Watson Public in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $316.00 price target for the company. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $290.54.

Willis Towers Watson Public Price Performance

NASDAQ:WTW opened at $262.99 on Friday. Willis Towers Watson Public Limited has a 12 month low of $195.29 and a 12 month high of $278.86. The stock has a 50 day moving average of $271.54 and a two-hundred day moving average of $248.90. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.48. The firm has a market cap of $26.89 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 1.46 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $7.44 EPS for the quarter, topping the consensus estimate of $7.05 by $0.39. Willis Towers Watson Public had a return on equity of 15.70% and a net margin of 11.12%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.91 billion. Willis Towers Watson Public’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $6.33 EPS. On average, analysts expect that Willis Towers Watson Public Limited will post 16.2 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a $0.88 dividend. The ex-dividend date was Wednesday, March 27th. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.84. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.34%. Willis Towers Watson Public’s dividend payout ratio is 35.13%.

Willis Towers Watson Public Profile

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.