Willis Towers Watson Public Limited Company $WTW Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 6.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 505,357 shares of the company’s stock after purchasing an additional 30,887 shares during the period. Bank of New York Mellon Corp’s holdings in Willis Towers Watson Public were worth $146,907,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of WTW. AlTi Global Inc. grew its holdings in Willis Towers Watson Public by 1.1% during the 4th quarter. AlTi Global Inc. now owns 3,302 shares of the company’s stock valued at $1,088,000 after purchasing an additional 36 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Willis Towers Watson Public by 72.5% in the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after buying an additional 37 shares in the last quarter. 44 Wealth Management LLC boosted its position in Willis Towers Watson Public by 1.3% in the 4th quarter. 44 Wealth Management LLC now owns 2,939 shares of the company’s stock valued at $966,000 after buying an additional 39 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Willis Towers Watson Public by 38.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock valued at $47,000 after buying an additional 39 shares during the last quarter. Finally, Howard Capital Management Inc. grew its stake in shares of Willis Towers Watson Public by 5.7% during the fourth quarter. Howard Capital Management Inc. now owns 744 shares of the company’s stock valued at $244,000 after acquiring an additional 40 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insider Buying and Selling

In related news, insider Lucy Clarke bought 1,896 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was bought at an average cost of $263.37 per share, for a total transaction 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. The trade was a 9.11% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on WTW shares. Keefe, Bruyette & Woods lifted their target price on Willis Towers Watson Public from $380.00 to $381.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Weiss Ratings lowered Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Wells Fargo & Company lifted their price objective on Willis Towers Watson Public from $319.00 to $341.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Citigroup raised Willis Towers Watson Public from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Wednesday, May 6th. Finally, Truist Financial upgraded Willis Towers Watson Public to a “strong-buy” rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $351.80.

Willis Towers Watson Public Stock Performance

Willis Towers Watson Public stock opened at $293.45 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.92 and a quick ratio of 2.92. Willis Towers Watson Public Limited Company has a 12 month low of $240.61 and a 12 month high of $352.79. The company has a fifty day moving average price of $264.99 and a two-hundred day moving average price of $288.40. The company has a market cap of $27.72 billion, a PE ratio of 17.11, a P/E/G ratio of 0.95 and a beta of 0.43.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Friday, May 1st. The company reported $3.72 earnings per share 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 for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the company earned $3.13 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.96 per share. The ex-dividend date was Tuesday, June 30th. This represents a $3.84 annualized dividend and a yield of 1.3%. Willis Towers Watson Public’s dividend payout ratio 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.