New York Life Investment Management LLC Sells 80 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

New York Life Investment Management LLC reduced its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,074 shares of the company’s stock after selling 80 shares during the quarter. New York Life Investment Management LLC’s holdings in Willis Towers Watson Public were worth $4,722,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Illinois Municipal Retirement Fund increased its holdings in Willis Towers Watson Public by 55.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 6,902 shares of the company’s stock valued at $2,162,000 after acquiring an additional 2,473 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Willis Towers Watson Public by 86.6% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 29,088 shares of the company’s stock valued at $9,112,000 after acquiring an additional 13,500 shares during the last quarter. Howard Capital Management Inc. bought a new stake in Willis Towers Watson Public in the 4th quarter valued at $202,000. Paradigm Asset Management Co. LLC increased its holdings in Willis Towers Watson Public by 120.0% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 5,500 shares of the company’s stock valued at $1,723,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in Willis Towers Watson Public by 4.7% in the 4th quarter. Concurrent Investment Advisors LLC now owns 1,117 shares of the company’s stock valued at $350,000 after acquiring an additional 50 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WTW. Keefe, Bruyette & Woods lifted their price target on shares of Willis Towers Watson Public from $378.00 to $387.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Jefferies Financial Group raised shares of Willis Towers Watson Public from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $352.00 to $382.00 in a research note on Friday, December 20th. Raymond James raised shares of Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $365.00 to $400.00 in a research note on Thursday, December 5th. Truist Financial reissued a “buy” rating and issued a $380.00 price objective (up from $365.00) on shares of Willis Towers Watson Public in a research note on Wednesday, December 4th. Finally, Evercore ISI raised shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $357.00 to $373.00 in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Willis Towers Watson Public has a consensus rating of “Moderate Buy” and an average price target of $342.08.

Willis Towers Watson Public Price Performance

WTW stock opened at $339.65 on Friday. Willis Towers Watson Public Limited has a 12 month low of $245.04 and a 12 month high of $339.89. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $320.85 and a 200 day moving average price of $306.97. The stock has a market cap of $34.21 billion, a PE ratio of -339.65, a P/E/G ratio of 2.95 and a beta of 0.74.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Tuesday, February 4th. The company reported $8.13 EPS for the quarter, topping analysts’ consensus estimates of $8.01 by $0.12. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The firm had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period in the previous year, the company earned $7.44 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.92 per share. The ex-dividend date is Monday, March 31st. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.88. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.08%. Willis Towers Watson Public’s payout ratio is currently -368.00%.

Insider Buying and Selling at Willis Towers Watson Public

In other Willis Towers Watson Public news, insider Julie Jarecke Gebauer sold 3,384 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 74,417 shares of the company’s stock, valued at $24,986,996.09. The trade was a 4.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is owned by corporate insiders.

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.