ProShare Advisors LLC Sells 2,199 Shares of Willis Towers Watson Public Limited Company $WTW

ProShare Advisors LLC decreased its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 10.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,735 shares of the company’s stock after selling 2,199 shares during the period. ProShare Advisors LLC’s holdings in Willis Towers Watson Public were worth $6,817,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of WTW. Quadcap Wealth Management LLC grew its position in Willis Towers Watson Public by 4.8% in the 2nd quarter. Quadcap Wealth Management LLC now owns 747 shares of the company’s stock worth $229,000 after purchasing an additional 34 shares during the last quarter. Wedmont Private Capital lifted its stake in shares of Willis Towers Watson Public by 3.8% in the third quarter. Wedmont Private Capital now owns 919 shares of the company’s stock valued at $322,000 after buying an additional 34 shares during the period. World Investment Advisors lifted its stake in shares of Willis Towers Watson Public by 4.7% in the third quarter. World Investment Advisors now owns 779 shares of the company’s stock valued at $269,000 after buying an additional 35 shares during the period. Ethic Inc. grew its position in Willis Towers Watson Public by 0.3% during the third quarter. Ethic Inc. now owns 14,050 shares of the company’s stock worth $4,853,000 after buying an additional 36 shares in the last quarter. Finally, Gateway Investment Advisers LLC increased its stake in Willis Towers Watson Public by 1.7% during the third quarter. Gateway Investment Advisers LLC now owns 2,284 shares of the company’s stock valued at $789,000 after acquiring an additional 38 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Stock Performance

Shares of Willis Towers Watson Public stock opened at $280.09 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.21 and a quick ratio of 1.69. The firm has a 50 day simple moving average of $324.80 and a 200 day simple moving average of $327.26. Willis Towers Watson Public Limited Company has a fifty-two week low of $277.54 and a fifty-two week high of $352.79. The firm has a market cap of $26.82 billion, a P/E ratio of 17.10, a P/E/G ratio of 1.31 and a beta of 0.62.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $8.12 EPS for the quarter, topping analysts’ consensus estimates of $7.93 by $0.19. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period last year, the company earned $8.13 earnings per share. The company’s revenue was down 3.3% on a year-over-year basis. Sell-side analysts predict that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, December 31st. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 22.47%.

Analyst Ratings Changes

WTW has been the subject of a number of analyst reports. Truist Financial raised their price objective on shares of Willis Towers Watson Public from $380.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. UBS Group raised their price target on shares of Willis Towers Watson Public from $398.00 to $409.00 and gave the stock a “buy” rating in a research note on Monday. TD Cowen decreased their price objective on Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Evercore increased their target price on Willis Towers Watson Public from $383.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Mizuho began coverage on Willis Towers Watson Public in a research report on Tuesday, December 16th. They set an “outperform” rating and a $386.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $374.57.

Willis Towers Watson Public Company 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.