Chevy Chase Trust Holdings LLC Sells 518 Shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Chevy Chase Trust Holdings LLC decreased its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 1.0% during the first quarter, Holdings Channel reports. The firm owned 52,368 shares of the company’s stock after selling 518 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Willis Towers Watson Public were worth $17,698,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Management One Co. Ltd. raised its holdings in Willis Towers Watson Public by 3.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 43,505 shares of the company’s stock worth $14,703,000 after purchasing an additional 1,566 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of Willis Towers Watson Public by 124.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 4,941 shares of the company’s stock worth $1,670,000 after acquiring an additional 2,737 shares during the last quarter. Crewe Advisors LLC purchased a new position in shares of Willis Towers Watson Public during the first quarter valued at about $32,000. TrueMark Investments LLC bought a new position in Willis Towers Watson Public during the first quarter valued at approximately $364,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Willis Towers Watson Public in the first quarter valued at $990,000. 93.09% of the stock is owned by institutional investors.

Willis Towers Watson Public Trading Down 1.2%

Willis Towers Watson Public stock opened at $298.78 on Thursday. The stock has a market cap of $29.62 billion, a PE ratio of -597.55, a price-to-earnings-growth ratio of 2.58 and a beta of 0.70. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.89 and a current ratio of 1.89. The stock has a 50-day moving average of $307.79 and a two-hundred day moving average of $317.23. Willis Towers Watson Public Limited Company has a one year low of $255.19 and a one year high of $344.14.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, April 24th. The company reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.27 by ($0.14). Willis Towers Watson Public had a negative net margin of 0.54% and a positive return on equity of 20.53%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the company earned $3.13 earnings per share. Willis Towers Watson Public’s revenue was down 5.0% on a year-over-year basis. On average, research analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.68 dividend on an annualized basis and a yield of 1.23%. Willis Towers Watson Public’s dividend payout ratio is presently -736.00%.

Insider Transactions at Willis Towers Watson Public

In related news, CFO Andrew Jay Krasner sold 1,600 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $315.75, for a total transaction of $505,200.00. Following the sale, the chief financial officer now owns 11,982 shares in the company, valued at approximately $3,783,316.50. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on WTW shares. Jefferies Financial Group reduced their price objective on Willis Towers Watson Public from $373.00 to $371.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. UBS Group upgraded shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $344.00 to $395.00 in a report on Tuesday, March 18th. Keefe, Bruyette & Woods lowered their target price on Willis Towers Watson Public from $371.00 to $366.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Finally, Barclays increased their price objective on shares of Willis Towers Watson Public from $302.00 to $316.00 and gave the company an “underweight” rating in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $356.30.

Willis Towers Watson Public 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.