Assetmark Inc. Sells 6,006 Shares of Willis Towers Watson Public Limited Company $WTW

Assetmark Inc. cut its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 84.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,095 shares of the company’s stock after selling 6,006 shares during the period. Assetmark Inc.’s holdings in Willis Towers Watson Public were worth $318,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC grew its position in Willis Towers Watson Public by 375.0% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock worth $25,000 after purchasing an additional 60 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new stake in Willis Towers Watson Public in the first quarter worth $27,000. Fideuram Asset Management Ireland dac purchased a new stake in Willis Towers Watson Public in the 4th quarter worth about $28,000. Larson Financial Group LLC increased 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 purchasing an additional 37 shares in the last quarter. Finally, MV Capital Management Inc. bought a new stake in Willis Towers Watson Public during the 4th quarter valued at $29,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Willis Towers Watson Public news, insider Lucy Clarke acquired 1,896 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was bought at an average price of $263.37 per share, with a total value of $499,349.52. Following the completion of the acquisition, the insider owned 22,717 shares of the company’s stock, valued at $5,982,976.29. This trade represents a 9.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citigroup upgraded 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. Wall Street Zen upgraded Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. BMO Capital Markets raised Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $347.00 to $300.00 in a report on Friday, May 1st. Keefe, Bruyette & Woods increased their price objective on Willis Towers Watson Public from $380.00 to $381.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Finally, UBS Group raised their target price on Willis Towers Watson Public from $374.00 to $382.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $351.80.

Willis Towers Watson Public Stock Performance

Shares of WTW stock opened at $295.11 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.92 and a current ratio of 2.92. 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 $27.87 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 0.95 and a beta of 0.43. The business’s fifty day moving average is $269.24 and its 200 day moving average is $286.99.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Friday, May 1st. The company reported $3.72 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the company earned $3.13 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities research analysts anticipate that Willis Towers Watson Public Limited Company will post 19.53 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is 22.39%.

About Willis Towers Watson Public

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.