Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp trimmed its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 18.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,301 shares of the company’s stock after selling 979 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Willis Towers Watson Public were worth $1,347,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of WTW. Wedmont Private Capital raised its position in shares of Willis Towers Watson Public by 16.4% in the fourth quarter. Wedmont Private Capital now owns 942 shares of the company’s stock valued at $295,000 after buying an additional 133 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Willis Towers Watson Public by 12.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,672 shares of the company’s stock worth $1,150,000 after purchasing an additional 400 shares during the last quarter. Park Avenue Securities LLC increased its position in Willis Towers Watson Public by 15.0% during the fourth quarter. Park Avenue Securities LLC now owns 6,273 shares of the company’s stock worth $1,965,000 after purchasing an additional 817 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Willis Towers Watson Public during the fourth quarter worth about $76,000. Finally, Canoe Financial LP acquired a new stake in Willis Towers Watson Public during the fourth quarter worth about $47,883,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Price Performance

Shares of WTW opened at $311.93 on Friday. Willis Towers Watson Public Limited has a 1-year low of $248.09 and a 1-year high of $344.14. The stock has a market cap of $30.93 billion, a PE ratio of -311.93, a P/E/G ratio of 2.95 and a beta of 0.73. The firm has a 50-day simple moving average of $319.12 and a two-hundred day simple moving average of $319.01. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.98 and a quick ratio of 1.72.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Thursday, April 24th. The company reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $3.27 by ($0.14). Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the business earned $3.13 earnings per share. Willis Towers Watson Public’s revenue was down 5.0% on a year-over-year basis. As a group, analysts forecast that Willis Towers Watson Public Limited will post 17.32 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.18%. Willis Towers Watson Public’s payout ratio is -736.00%.

Insider Activity

In other news, insider Julie Jarecke Gebauer sold 3,384 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $335.77, for a total value of $1,136,245.68. Following the completion of the transaction, the insider now owns 74,417 shares of the company’s stock, valued at approximately $24,986,996.09. This trade represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WTW. Keefe, Bruyette & Woods cut their price objective on shares of Willis Towers Watson Public from $371.00 to $366.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. UBS Group upgraded shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $344.00 to $395.00 in a research report on Tuesday, March 18th. Jefferies Financial Group cut their price objective on shares of Willis Towers Watson Public from $373.00 to $371.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Finally, Barclays raised their price objective on shares of Willis Towers Watson Public from $302.00 to $316.00 and gave the stock an “underweight” rating in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $351.55.

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.