SG Americas Securities LLC Sells 5,656 Shares of Willis Towers Watson Public Limited Company $WTW

SG Americas Securities LLC lessened its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 9.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,479 shares of the company’s stock after selling 5,656 shares during the period. SG Americas Securities LLC’s holdings in Willis Towers Watson Public were worth $16,128,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC boosted its position 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 purchasing an additional 60 shares during the period. MV Capital Management Inc. bought a new stake in shares of Willis Towers Watson Public in the fourth quarter valued at approximately $29,000. Larson Financial Group LLC lifted its stake in shares of Willis Towers Watson Public by 72.5% during the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock valued at $29,000 after buying an additional 37 shares in the last quarter. Fideuram Asset Management Ireland dac purchased a new stake in shares of Willis Towers Watson Public during the 4th quarter valued at approximately $28,000. Finally, Reflection Asset Management bought a new position in Willis Towers Watson Public in the 4th quarter worth approximately $31,000. Institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on WTW shares. Mizuho reduced their price objective on shares of Willis Towers Watson Public from $353.00 to $338.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Truist Financial upgraded Willis Towers Watson Public to a “strong-buy” rating in a research report on Thursday, April 30th. Weiss Ratings lowered Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 15th. UBS Group reduced their price target on Willis Towers Watson Public from $400.00 to $374.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Finally, BMO Capital Markets upgraded Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $347.00 to $300.00 in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Willis Towers Watson Public presently has an average rating of “Moderate Buy” and an average target price of $350.00.

Willis Towers Watson Public Price Performance

Shares of NASDAQ:WTW opened at $257.69 on Friday. The company has a 50 day moving average of $264.06 and a 200 day moving average of $293.44. The stock has a market cap of $24.34 billion, a P/E ratio of 15.03, a P/E/G ratio of 0.84 and a beta of 0.43. Willis Towers Watson Public Limited Company has a 12 month low of $240.61 and a 12 month high of $352.79. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.78.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Friday, May 1st. The company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.65 by $0.07. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the company posted $3.13 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Willis Towers Watson Public Limited Company will post 19.52 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.84 annualized dividend and a dividend yield of 1.5%. Willis Towers Watson Public’s dividend payout ratio is presently 22.39%.

Insider Buying and Selling at Willis Towers Watson Public

In other Willis Towers Watson Public news, insider Lucy Clarke acquired 1,896 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were bought at an average price of $263.37 per share, for a total transaction of $499,349.52. Following the completion of the transaction, the insider owned 22,717 shares of the company’s stock, valued at approximately $5,982,976.29. This represents a 9.11% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.40% of the company’s stock.

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.