Korea Investment CORP Cuts Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Korea Investment CORP trimmed its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 21.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,465 shares of the company's stock after selling 19,461 shares during the period. Korea Investment CORP owned approximately 0.07% of Willis Towers Watson Public worth $22,699,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quantbot Technologies LP increased its holdings in Willis Towers Watson Public by 87.0% during the third quarter. Quantbot Technologies LP now owns 5,620 shares of the company's stock valued at $1,655,000 after buying an additional 2,614 shares during the last quarter. Townsquare Capital LLC grew its position in shares of Willis Towers Watson Public by 63.4% during the 3rd quarter. Townsquare Capital LLC now owns 1,569 shares of the company's stock valued at $462,000 after acquiring an additional 609 shares during the period. Glenmede Trust Co. NA increased its stake in shares of Willis Towers Watson Public by 3.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,419 shares of the company's stock worth $418,000 after purchasing an additional 42 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Willis Towers Watson Public by 18.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,315 shares of the company's stock worth $12,463,000 after purchasing an additional 6,661 shares during the period. Finally, Public Sector Pension Investment Board grew its holdings in Willis Towers Watson Public by 1.7% during the third quarter. Public Sector Pension Investment Board now owns 17,630 shares of the company's stock valued at $5,193,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 93.09% of the company's stock.

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Insider Activity at Willis Towers Watson Public

In other Willis Towers Watson Public news, insider Julie Jarecke Gebauer sold 3,384 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $335.77, for a total value of $1,136,245.68. Following the transaction, the insider now directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

WTW has been the topic of a number of recent analyst reports. Evercore ISI upgraded shares of Willis Towers Watson Public from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $357.00 to $373.00 in a research note on Wednesday, January 8th. Jefferies Financial Group upgraded shares of Willis Towers Watson Public from a "hold" rating to a "buy" rating and upped their target price for the stock from $352.00 to $382.00 in a research report on Friday, December 20th. Truist Financial reiterated a "buy" rating and issued a $380.00 price target (up from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. UBS Group raised shares of Willis Towers Watson Public from a "neutral" rating to a "buy" rating and increased their price objective for the company from $344.00 to $395.00 in a report on Tuesday, March 18th. Finally, Keefe, Bruyette & Woods raised their price objective on Willis Towers Watson Public from $378.00 to $387.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Willis Towers Watson Public currently has a consensus rating of "Moderate Buy" and a consensus price target of $346.15.

Willis Towers Watson Public Trading Down 0.5 %

Shares of NASDAQ WTW traded down $1.52 during trading hours on Thursday, hitting $335.91. 167,629 shares of the company traded hands, compared to its average volume of 541,857. The stock has a market capitalization of $33.49 billion, a price-to-earnings ratio of -335.91, a price-to-earnings-growth ratio of 2.95 and a beta of 0.71. The company's 50 day moving average price is $329.30 and its 200 day moving average price is $314.49. Willis Towers Watson Public Limited has a 12 month low of $245.04 and a 12 month high of $344.14. 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 - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $8.13 earnings per share for the quarter, beating the consensus estimate of $8.01 by $0.12. The business had revenue of $3.04 billion for 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 business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.44 earnings per share. On average, equities research analysts anticipate that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.92 per share. This is a positive change from Willis Towers Watson Public's previous quarterly dividend of $0.88. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Monday, March 31st. Willis Towers Watson Public's dividend payout ratio (DPR) is currently -368.00%.

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.