Oppenheimer Asset Management Inc. decreased its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW – Get Rating) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,141 shares of the company’s stock after selling 197 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Willis Towers Watson Public were worth $1,013,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WTW. LPL Financial LLC bought a new stake in shares of Willis Towers Watson Public in the 2nd quarter worth about $1,713,000. Macquarie Group Ltd. bought a new stake in shares of Willis Towers Watson Public in the 2nd quarter worth about $1,203,000. AQR Capital Management LLC bought a new stake in shares of Willis Towers Watson Public in the 2nd quarter worth about $2,942,000. Prudential Financial Inc. bought a new stake in shares of Willis Towers Watson Public in the 2nd quarter worth about $18,677,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of Willis Towers Watson Public in the 2nd quarter worth about $29,367,000. Hedge funds and other institutional investors own 93.77% of the company’s stock.
Insider Activity
In other news, insider Julie Jarecke Gebauer sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $246.70, for a total transaction of $740,100.00. Following the sale, the insider now owns 85,050 shares in the company, valued at $20,981,835. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Anne Donovan Bodnar sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $253.94, for a total transaction of $1,269,700.00. Following the transaction, the insider now directly owns 9,164 shares of the company’s stock, valued at $2,327,106.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Julie Jarecke Gebauer sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $246.70, for a total transaction of $740,100.00. Following the transaction, the insider now directly owns 85,050 shares in the company, valued at $20,981,835. The disclosure for this sale can be found here. Insiders have sold 10,500 shares of company stock worth $2,588,400 over the last 90 days. 0.83% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Willis Towers Watson Public Stock Up 1.6 %
NASDAQ WTW opened at $227.82 on Friday. Willis Towers Watson Public Limited has a 12 month low of $187.89 and a 12 month high of $258.93. The company’s 50 day simple moving average is $233.04 and its 200 day simple moving average is $237.40. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.96 and a quick ratio of 1.96. The company has a market capitalization of $24.24 billion, a P/E ratio of 22.85, a PEG ratio of 1.24 and a beta of 0.75.
Willis Towers Watson Public (NASDAQ:WTW – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. Willis Towers Watson Public had a net margin of 12.18% and a return on equity of 14.76%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the business earned $2.66 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts expect that Willis Towers Watson Public Limited will post 14.44 earnings per share for the current fiscal year.
Willis Towers Watson Public Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, March 31st were issued a dividend of $0.84 per share. The ex-dividend date was Thursday, March 30th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.47%. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.82. Willis Towers Watson Public’s payout ratio is currently 33.70%.
About Willis Towers Watson Public
Willis Towers Watson Plc engages in the provision of advisory, broking, and solutions services. It operates through the following segments: Human Capital and Benefits (HCB), Corporate Risk and Broking (CRB), Investment, Risk and Reinsurance (IRR), and Benefits Delivery and Administration (BDA). The HCB segment provides advice, broking, solutions, and software for employee benefit plans, human resources organizations, and management teams.
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