Willis Towers Watson Public Limited Company $WTW Holdings Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTWFree Report) by 7.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 221,433 shares of the company’s stock after selling 18,064 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Willis Towers Watson Public were worth $64,371,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in Willis Towers Watson Public by 4.7% during the fourth quarter. Brighton Jones LLC now owns 1,368 shares of the company’s stock valued at $429,000 after purchasing an additional 61 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Willis Towers Watson Public by 7.6% during the first quarter. NewEdge Advisors LLC now owns 2,588 shares of the company’s stock worth $875,000 after purchasing an additional 182 shares during the period. Empowered Funds LLC lifted its position in shares of Willis Towers Watson Public by 16.9% in the 1st quarter. Empowered Funds LLC now owns 2,400 shares of the company’s stock worth $811,000 after buying an additional 347 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Willis Towers Watson Public by 38.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after buying an additional 39 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Willis Towers Watson Public by 12.6% in the 2nd quarter. First Trust Advisors LP now owns 14,806 shares of the company’s stock valued at $4,538,000 after buying an additional 1,659 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insider Activity at Willis Towers Watson Public

In related news, insider Lucy Clarke purchased 1,896 shares of Willis Towers Watson Public stock in a transaction dated Wednesday, May 6th. The stock was bought at an average cost of $263.37 per share, with a total value of $499,349.52. Following the purchase, the insider 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WTW shares. Piper Sandler dropped their price objective on shares of Willis Towers Watson Public from $341.00 to $283.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Keefe, Bruyette & Woods lifted their target price on Willis Towers Watson Public from $380.00 to $381.00 and gave the company an “outperform” rating in a research note on Wednesday. BMO Capital Markets raised Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $347.00 to $300.00 in a report on Friday, May 1st. Citigroup upgraded Willis Towers Watson Public from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company raised their price target on Willis Towers Watson Public from $319.00 to $341.00 and gave the stock an “overweight” rating in a report on Thursday. 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $349.53.

Get Our Latest Report on WTW

Key Headlines Impacting Willis Towers Watson Public

Here are the key news stories impacting Willis Towers Watson Public this week:

Willis Towers Watson Public Stock Performance

Shares of NASDAQ:WTW traded up $0.52 on Friday, hitting $289.65. The company’s stock had a trading volume of 385,203 shares, compared to its average volume of 620,348. The company has a market capitalization of $27.36 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 0.93 and a beta of 0.43. 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 12 month low of $240.61 and a 12 month high of $352.79. The stock’s 50-day moving average is $261.49 and its two-hundred day moving average is $290.19.

Willis Towers Watson Public (NASDAQ:WTWGet Free Report) last issued its quarterly earnings data on Friday, May 1st. The company reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.65 by $0.07. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.13 earnings per share. On average, equities research analysts forecast that Willis Towers Watson Public Limited Company will post 19.53 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be 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 is Tuesday, June 30th. Willis Towers Watson Public’s payout ratio is 22.39%.

Willis Towers Watson Public Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Willis Towers Watson Public (NASDAQ:WTW)

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