Willis Towers Watson Public Limited (NASDAQ:WTW) Stake Lessened by M&T Bank Corp

M&T Bank Corp trimmed its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 47.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,680 shares of the company’s stock after selling 53,096 shares during the quarter. M&T Bank Corp’s holdings in Willis Towers Watson Public were worth $14,395,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new stake in shares of Willis Towers Watson Public in the 3rd quarter valued at approximately $28,000. Exchange Traded Concepts LLC acquired a new stake in shares of Willis Towers Watson Public during the fourth quarter worth $29,000. Hexagon Capital Partners LLC lifted its position in shares of Willis Towers Watson Public by 168.8% in the 4th quarter. Hexagon Capital Partners LLC now owns 129 shares of the company’s stock worth $31,000 after buying an additional 81 shares during the last quarter. HHM Wealth Advisors LLC acquired a new position in shares of Willis Towers Watson Public in the 4th quarter valued at about $34,000. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Willis Towers Watson Public by 112.8% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 200 shares of the company’s stock valued at $48,000 after buying an additional 106 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Willis Towers Watson Public

In other news, CFO Andrew Jay Krasner sold 1,100 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $272.13, for a total transaction of $299,343.00. Following the transaction, the chief financial officer now directly owns 4,170 shares in the company, valued at approximately $1,134,782.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WTW shares. Piper Sandler upped their target price on Willis Towers Watson Public from $297.00 to $303.00 and gave the company an “overweight” rating in a report on Friday, April 26th. BMO Capital Markets raised shares of Willis Towers Watson Public from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from $236.00 to $298.00 in a report on Monday, February 12th. TD Cowen assumed coverage on shares of Willis Towers Watson Public in a research note on Wednesday, January 10th. They set an “outperform” rating and a $316.00 target price for the company. Raymond James reaffirmed an “outperform” rating and set a $315.00 price target (up previously from $295.00) on shares of Willis Towers Watson Public in a report on Thursday, March 28th. Finally, Roth Mkm raised their target price on Willis Towers Watson Public from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Willis Towers Watson Public has an average rating of “Moderate Buy” and a consensus target price of $296.00.

Willis Towers Watson Public Trading Down 0.2 %

WTW traded down $0.50 during trading on Friday, reaching $251.99. The company had a trading volume of 364,015 shares, compared to its average volume of 488,147. The firm’s 50-day simple moving average is $267.55 and its 200 day simple moving average is $252.78. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.89 and a current ratio of 1.89. The company has a market cap of $25.76 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 1.44 and a beta of 0.75. Willis Towers Watson Public Limited has a 12-month low of $195.29 and a 12-month high of $278.86.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, April 25th. The company reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.21 by $0.08. Willis Towers Watson Public had a net margin of 10.88% and a return on equity of 16.31%. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same period last year, the firm posted $2.84 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts anticipate that Willis Towers Watson Public Limited will post 16.27 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.84. This represents a $3.52 dividend on an annualized basis and a yield of 1.40%. Willis Towers Watson Public’s payout ratio is presently 35.31%.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & 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 program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.