PNC Financial Services Group Inc. Decreases Holdings in Willis Towers Watson Public Limited Company $WTW

PNC Financial Services Group Inc. decreased its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 19.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,338 shares of the company’s stock after selling 3,887 shares during the period. PNC Financial Services Group Inc.’s holdings in Willis Towers Watson Public were worth $4,750,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC increased its stake in Willis Towers Watson Public by 375.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock worth $25,000 after acquiring an additional 60 shares during the last quarter. Cedar Mountain Advisors LLC bought a new stake in shares of Willis Towers Watson Public in the 1st quarter valued at approximately $27,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Willis Towers Watson Public in the 4th quarter valued at approximately $28,000. Larson Financial Group LLC boosted its holdings in shares of 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 purchasing an additional 37 shares during the period. Finally, MV Capital Management Inc. purchased a new position in shares of Willis Towers Watson Public in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Insider Activity

In related news, insider Lucy Clarke bought 1,896 shares of the stock in a transaction dated Wednesday, May 6th. The stock was purchased at an average cost of $263.37 per share, with a total value of $499,349.52. Following the completion of the purchase, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

WTW has been the topic of several recent research reports. Bank of America decreased their price target on Willis Towers Watson Public from $354.00 to $347.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Keefe, Bruyette & Woods lifted their price objective on shares of Willis Towers Watson Public from $380.00 to $381.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Wells Fargo & Company boosted their price objective on shares of Willis Towers Watson Public from $319.00 to $341.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Citigroup raised shares of 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 note on Wednesday, May 6th. Finally, Morgan Stanley lowered their target price on shares of Willis Towers Watson Public from $330.00 to $320.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Willis Towers Watson Public presently has an average rating of “Moderate Buy” and an average price target of $351.80.

Willis Towers Watson Public Trading Up 2.6%

Shares of NASDAQ WTW opened at $302.64 on Tuesday. Willis Towers Watson Public Limited Company has a fifty-two week low of $240.61 and a fifty-two week high of $352.79. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.92 and a current ratio of 2.92. The company has a market cap of $28.58 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 0.95 and a beta of 0.43. The business’s 50 day moving average price is $270.16 and its 200-day moving average price is $286.76.

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 analysts’ consensus estimates of $3.65 by $0.07. The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Willis Towers Watson Public had a return on equity of 21.52% and a net margin of 16.84%.Willis Towers Watson Public’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.13 EPS. On average, sell-side 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 announced 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 annualized dividend 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%.

Willis Towers Watson Public 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.