DRW Securities LLC Sells 3,648 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

DRW Securities LLC cut its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 79.4% in the 4th quarter, Holdings Channel reports. The fund owned 948 shares of the company’s stock after selling 3,648 shares during the quarter. DRW Securities LLC’s holdings in Willis Towers Watson Public were worth $297,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WTW. Y.D. More Investments Ltd boosted its position in shares of Willis Towers Watson Public by 121.1% during the fourth quarter. Y.D. More Investments Ltd now owns 126 shares of the company’s stock valued at $39,000 after purchasing an additional 69 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Willis Towers Watson Public during the fourth quarter valued at $49,000. Versant Capital Management Inc raised its holdings in shares of Willis Towers Watson Public by 95.5% during the fourth quarter. Versant Capital Management Inc now owns 174 shares of the company’s stock valued at $55,000 after purchasing an additional 85 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Willis Towers Watson Public in the 4th quarter worth $72,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Willis Towers Watson Public during the 4th quarter valued at about $76,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Willis Towers Watson Public

In related news, insider Julie Jarecke Gebauer sold 3,384 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $335.77, for a total transaction of $1,136,245.68. Following the completion of the sale, the insider now owns 74,417 shares in the company, valued at $24,986,996.09. This represents a 4.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.22% of the company’s stock.

Willis Towers Watson Public Price Performance

WTW opened at $316.64 on Friday. Willis Towers Watson Public Limited has a 12-month low of $245.04 and a 12-month high of $344.14. The stock’s 50-day moving average price is $326.92 and its 200 day moving average price is $315.48. The firm has a market cap of $31.57 billion, a price-to-earnings ratio of -316.64, a PEG ratio of 2.95 and a beta of 0.68. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Tuesday, February 4th. The company reported $8.13 EPS for the quarter, topping analysts’ consensus estimates of $8.01 by $0.12. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.05 billion. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.44 earnings per share. As a group, sell-side analysts expect that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.92 per share. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.68 annualized dividend and a dividend yield of 1.16%. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently -368.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on WTW shares. Wells Fargo & Company lowered their target price on Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. UBS Group raised Willis Towers Watson Public from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $344.00 to $395.00 in a research note on Tuesday, March 18th. Jefferies Financial Group raised shares of Willis Towers Watson Public from a “hold” rating to a “buy” rating and increased their price target for the company from $352.00 to $382.00 in a report on Friday, December 20th. Evercore ISI upgraded shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $357.00 to $373.00 in a research report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $387.00 price target on shares of Willis Towers Watson Public in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $346.15.

Willis Towers Watson Public Company Profile

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.