SG Americas Securities LLC Has $3.06 Million Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

SG Americas Securities LLC cut its position in Willis Towers Watson Public Limited (NASDAQ:WTW) by 79.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,057 shares of the company’s stock after selling 35,774 shares during the quarter. SG Americas Securities LLC’s holdings in Willis Towers Watson Public were worth $3,061,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vident Advisory LLC raised its position in shares of Willis Towers Watson Public by 2.8% in the 4th quarter. Vident Advisory LLC now owns 1,405 shares of the company’s stock valued at $440,000 after buying an additional 38 shares in the last quarter. Forum Financial Management LP increased its position in Willis Towers Watson Public by 3.8% during the 4th quarter. Forum Financial Management LP now owns 1,197 shares of the company’s stock worth $375,000 after purchasing an additional 44 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in Willis Towers Watson Public by 2.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,013 shares of the company’s stock worth $631,000 after purchasing an additional 47 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in Willis Towers Watson Public by 4.7% during the 4th quarter. Concurrent Investment Advisors LLC now owns 1,117 shares of the company’s stock worth $350,000 after purchasing an additional 50 shares in the last quarter. Finally, Lido Advisors LLC increased its position in Willis Towers Watson Public by 4.2% during the 4th quarter. Lido Advisors LLC now owns 1,347 shares of the company’s stock worth $423,000 after purchasing an additional 54 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Trading Down 1.6%

WTW opened at $296.33 on Friday. Willis Towers Watson Public Limited has a fifty-two week low of $253.54 and a fifty-two week high of $344.14. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.98 and a quick ratio of 1.72. The firm has a market capitalization of $29.38 billion, a price-to-earnings ratio of -296.33, a PEG ratio of 2.95 and a beta of 0.70. The company’s 50 day moving average price is $310.90 and its two-hundred day moving average price is $318.63.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Thursday, April 24th. The company reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $3.27 by ($0.14). Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the firm earned $3.13 earnings per share. The company’s revenue was down 5.0% compared to the same quarter last year. As a group, research analysts predict that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Monday, June 30th. Willis Towers Watson Public’s dividend payout ratio is currently -736.00%.

Insider Activity

In other news, CFO Andrew Jay Krasner sold 1,600 shares of the company’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $315.75, for a total value of $505,200.00. Following the sale, the chief financial officer now directly owns 11,982 shares of the company’s stock, valued at approximately $3,783,316.50. This represents a 11.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. UBS Group upgraded shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $344.00 to $395.00 in a research report on Tuesday, March 18th. Keefe, Bruyette & Woods lowered their price objective on shares of Willis Towers Watson Public from $371.00 to $366.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Jefferies Financial Group lowered their price objective on shares of Willis Towers Watson Public from $373.00 to $371.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Finally, Barclays upped their price objective on shares of Willis Towers Watson Public from $302.00 to $316.00 and gave the stock an “underweight” rating in a research report on Friday, April 11th. One investment 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.