Heartland Advisors Inc. Sells 1,758 Shares of Willis Towers Watson Public Limited Company $WTW

Heartland Advisors Inc. cut its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 11.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,842 shares of the company’s stock after selling 1,758 shares during the period. Heartland Advisors Inc.’s holdings in Willis Towers Watson Public were worth $4,024,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC lifted its stake in Willis Towers Watson Public by 375.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock worth $25,000 after purchasing an additional 60 shares during the last quarter. Cedar Mountain Advisors LLC purchased a new position in shares of Willis Towers Watson Public in the 1st quarter worth about $27,000. Fideuram Asset Management Ireland dac bought a new position in shares of Willis Towers Watson Public during the 4th quarter valued at about $28,000. Larson Financial Group LLC increased its position in shares of Willis Towers Watson Public by 72.5% during the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock valued at $29,000 after purchasing an additional 37 shares during the last quarter. Finally, MV Capital Management Inc. purchased a new position in shares of Willis Towers Watson Public during the 4th quarter valued at about $29,000. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Up 0.0%

Shares of Willis Towers Watson Public stock opened at $293.45 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.92 and a current ratio of 2.92. Willis Towers Watson Public Limited Company has a 52-week low of $240.61 and a 52-week high of $352.79. The stock has a market capitalization of $27.72 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 0.95 and a beta of 0.43. The company’s 50 day moving average price is $264.99 and its 200-day moving average price is $288.40.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Friday, May 1st. The company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.65 by $0.07. The company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.41 billion. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.13 EPS. Equities research analysts forecast that Willis Towers Watson Public Limited Company will post 19.53 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.96 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.3%. Willis Towers Watson Public’s payout ratio is presently 22.39%.

Analysts Set New Price Targets

Several analysts have issued reports on WTW shares. Piper Sandler upped their target price on Willis Towers Watson Public from $283.00 to $317.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Mizuho lifted their price target on shares of Willis Towers Watson Public from $338.00 to $361.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Cantor Fitzgerald boosted their price objective on shares of Willis Towers Watson Public from $322.00 to $344.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Citigroup raised shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Willis Towers Watson Public has an average rating of “Moderate Buy” and an average target price of $351.80.

Insider Activity

In other news, insider Lucy Clarke acquired 1,896 shares of the stock in a transaction dated Wednesday, May 6th. The stock was purchased at an average cost of $263.37 per share, with a total value of $499,349.52. Following the completion of the purchase, the insider owned 22,717 shares in the company, valued at approximately $5,982,976.29. The trade was a 9.11% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.40% of the company’s stock.

Willis Towers Watson Public Profile

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.