Truist Financial Corp Sells 2,031 Shares of Willis Towers Watson Public Limited Company $WTW

Truist Financial Corp cut its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 18.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,701 shares of the company’s stock after selling 2,031 shares during the period. Truist Financial Corp’s holdings in Willis Towers Watson Public were worth $2,859,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of WTW. Bartlett & CO. Wealth Management LLC increased its position in shares of 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 valued at $25,000 after buying an additional 60 shares during the period. Raiffeisen Bank International AG bought a new stake in shares of Willis Towers Watson Public during the third quarter valued at about $31,000. Quent Capital LLC bought a new stake in shares of Willis Towers Watson Public during the third quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Willis Towers Watson Public during the fourth quarter valued at about $39,000. Finally, Geneos Wealth Management Inc. increased its position in shares of Willis Towers Watson Public by 38.6% during the first quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock valued at $47,000 after buying an additional 39 shares during the period. 93.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WTW has been the topic of several analyst reports. Piper Sandler decreased their price target on Willis Towers Watson Public from $341.00 to $283.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Barclays decreased their price target on Willis Towers Watson Public from $341.00 to $322.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Wall Street Zen upgraded Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings cut Willis Towers Watson Public from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 1st. Finally, UBS Group decreased their price objective on shares of Willis Towers Watson Public from $409.00 to $400.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Willis Towers Watson Public has a consensus rating of “Moderate Buy” and a consensus target price of $351.73.

Willis Towers Watson Public Stock Up 0.7%

WTW stock opened at $251.44 on Wednesday. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average is $286.37 and its 200 day moving average is $307.91. The stock has a market cap of $23.75 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 1.10 and a beta of 0.45. Willis Towers Watson Public Limited Company has a 1-year low of $246.60 and a 1-year high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Friday, May 1st. The company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.07. The company 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%. Willis Towers Watson Public’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.13 earnings per share. Sell-side analysts predict that Willis Towers Watson Public Limited Company will post 19.5 EPS for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.96 dividend. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.92. This represents a $3.84 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, March 31st. Willis Towers Watson Public’s payout ratio is currently 22.39%.

Insider Transactions at Willis Towers Watson Public

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

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.