Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Sold by Forsta AP Fonden

Posted by Defense World Staff on Jul 8th, 2023

Forsta AP Fonden decreased its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW – Free Report) by 55.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,900 shares of the company’s stock after selling 25,900 shares during the period. Forsta AP Fonden’s holdings in Willis Towers Watson Public were worth $4,857,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Norges Bank acquired a new position in Willis Towers Watson Public in the 4th quarter valued at about $276,426,000. abrdn plc lifted its stake in shares of Willis Towers Watson Public by 1,754.2% in the 4th quarter. abrdn plc now owns 534,424 shares of the company’s stock valued at $130,709,000 after purchasing an additional 505,602 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Willis Towers Watson Public by 11,598.3% during the 4th quarter. American Century Companies Inc. now owns 485,715 shares of the company’s stock worth $118,796,000 after purchasing an additional 481,563 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of Willis Towers Watson Public during the 2nd quarter worth $87,241,000. Finally, Bank of Nova Scotia raised its holdings in Willis Towers Watson Public by 359.2% in the 4th quarter. Bank of Nova Scotia now owns 246,641 shares of the company’s stock valued at $60,323,000 after buying an additional 192,935 shares during the period. 92.81% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Stock Down 0.2 %

Shares of NASDAQ:WTW opened at $230.84 on Friday. Willis Towers Watson Public Limited has a fifty-two week low of $188.99 and a fifty-two week high of $258.93. The firm’s 50 day moving average price is $228.18 and its 200 day moving average price is $236.53. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.44. The stock has a market cap of $24.56 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 1.34 and a beta of 0.76.

Willis Towers Watson Public (NASDAQ:WTW – Free Report) last announced its quarterly earnings data on Thursday, April 27th. The company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.22 billion. Willis Towers Watson Public had a net margin of 12.18% and a return on equity of 14.76%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.66 EPS. As a group, equities research analysts predict that Willis Towers Watson Public Limited will post 14.39 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Thursday, June 29th. Willis Towers Watson Public’s dividend payout ratio (DPR) is 33.70%.

Insider Transactions at Willis Towers Watson Public

In other news, insider Julie Jarecke Gebauer sold 2,500 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $218.35, for a total transaction of $545,875.00. Following the sale, the insider now owns 77,240 shares of the company’s stock, valued at approximately $16,865,354. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 7,000 shares of company stock valued at $1,587,855. 0.83% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on WTW. BMO Capital Markets dropped their price target on shares of Willis Towers Watson Public from $260.00 to $230.00 in a research report on Tuesday, May 23rd. StockNews.com started coverage on shares of Willis Towers Watson Public in a report on Thursday, May 18th. They issued a “hold” rating for the company. Citigroup upped their price target on Willis Towers Watson Public from $255.00 to $256.00 in a research note on Tuesday, April 18th. Robert W. Baird dropped their price objective on Willis Towers Watson Public from $259.00 to $257.00 in a research note on Monday, May 1st. Finally, Morgan Stanley assumed coverage on Willis Towers Watson Public in a research note on Tuesday, June 20th. They set an “equal weight” rating and a $251.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $265.38.

Willis Towers Watson Public Profile

(Free Report)

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth and Career; and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit programs; actuarial support, plan design, and administrative services for pension and retirement savings plans; and benefits outsourcing services, including a suite of health and welfare, and pension administration outsourcing services.