Bank of New York Mellon Corp Sells 16,812 Shares of Willis Towers Watson Public Limited Company $WTW

Bank of New York Mellon Corp decreased its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 3.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 474,470 shares of the company’s stock after selling 16,812 shares during the quarter. Bank of New York Mellon Corp’s holdings in Willis Towers Watson Public were worth $155,911,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Larson Financial Group LLC grew its stake in shares of Willis Towers Watson Public by 72.5% in the fourth quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after acquiring an additional 37 shares during the last quarter. 44 Wealth Management LLC grew its stake in shares of Willis Towers Watson Public by 1.3% in the fourth quarter. 44 Wealth Management LLC now owns 2,939 shares of the company’s stock worth $966,000 after acquiring an additional 39 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Willis Towers Watson Public by 38.6% in the first quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after acquiring an additional 39 shares during the last quarter. Howard Capital Management Inc. grew its stake in shares of Willis Towers Watson Public by 5.7% in the fourth quarter. Howard Capital Management Inc. now owns 744 shares of the company’s stock worth $244,000 after acquiring an additional 40 shares during the last quarter. Finally, Avantra Family Wealth Inc. grew its stake in shares of Willis Towers Watson Public by 2.9% in the fourth quarter. Avantra Family Wealth Inc. now owns 1,484 shares of the company’s stock worth $488,000 after acquiring an additional 42 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WTW has been the topic of several recent analyst reports. Cantor Fitzgerald dropped their price objective on Willis Towers Watson Public from $363.00 to $354.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Weiss Ratings cut Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Barclays dropped their price objective on Willis Towers Watson Public from $341.00 to $322.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Morgan Stanley dropped their price objective on 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. Finally, Piper Sandler dropped their price objective on 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. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $351.73.

Insider Activity at Willis Towers Watson Public

In related news, insider Lucy Clarke acquired 1,896 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were purchased at an average price 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 of the company’s stock, valued at $5,982,976.29. This represents a 9.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is owned by company insiders.

Willis Towers Watson Public Stock Up 1.9%

NASDAQ WTW opened at $263.54 on Friday. The stock’s 50-day moving average price is $272.09 and its 200-day moving average price is $299.48. 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 Limited Company has a 52 week low of $240.61 and a 52 week high of $352.79. The company has a market capitalization of $24.89 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 0.85 and a beta of 0.43.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Friday, May 1st. The company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.65 by $0.07. Willis Towers Watson Public had a return on equity of 21.52% and a net margin of 16.84%.The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the company earned $3.13 earnings per share. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.84 annualized dividend and a dividend yield of 1.5%. Willis Towers Watson Public’s dividend payout ratio (DPR) is 22.39%.

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.