M&T Bank Corp Lowers Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

M&T Bank Corp trimmed its position in Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,324 shares of the company's stock after selling 2,072 shares during the quarter. M&T Bank Corp's holdings in Willis Towers Watson Public were worth $3,547,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Assetmark Inc. lifted its holdings in Willis Towers Watson Public by 4.3% in the fourth quarter. Assetmark Inc. now owns 6,488 shares of the company's stock worth $2,032,000 after buying an additional 266 shares during the period. Keybank National Association OH boosted its position in shares of Willis Towers Watson Public by 14.2% during the fourth quarter. Keybank National Association OH now owns 1,044 shares of the company's stock valued at $327,000 after purchasing an additional 130 shares in the last quarter. Jag Capital Management LLC purchased a new stake in Willis Towers Watson Public in the fourth quarter worth $6,801,000. Commerzbank Aktiengesellschaft FI bought a new position in Willis Towers Watson Public in the fourth quarter worth $235,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Willis Towers Watson Public by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 604,686 shares of the company's stock valued at $189,412,000 after buying an additional 12,162 shares during the period. Hedge funds and other institutional investors own 93.09% of the company's stock.

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Insider Buying and Selling

In other news, insider Julie Jarecke Gebauer sold 3,384 shares of Willis Towers Watson Public stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $335.77, for a total value of $1,136,245.68. Following the sale, the insider now directly owns 74,417 shares of the company's stock, valued at $24,986,996.09. The trade was a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.22% of the stock is owned by corporate insiders.

Willis Towers Watson Public Trading Down 1.7 %

WTW traded down $5.61 during trading on Wednesday, hitting $320.91. 524,042 shares of the stock were exchanged, compared to its average volume of 504,389. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.72 and a current ratio of 1.98. The firm has a market cap of $31.99 billion, a price-to-earnings ratio of -320.91, a P/E/G ratio of 2.95 and a beta of 0.71. The firm has a 50 day simple moving average of $323.28 and a 200 day simple moving average of $309.88. Willis Towers Watson Public Limited has a 1 year low of $245.04 and a 1 year high of $344.14.

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, topping the consensus estimate of $8.01 by $0.12. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.05 billion. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $7.44 EPS. As a group, equities analysts expect that Willis Towers Watson Public Limited will post 17.32 EPS for the current year.

Willis Towers Watson Public Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.92 per share. This is an increase from Willis Towers Watson Public's previous quarterly dividend of $0.88. This represents a $3.68 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Monday, March 31st. Willis Towers Watson Public's dividend payout ratio (DPR) is currently -368.00%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Evercore ISI raised Willis Towers Watson Public from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $357.00 to $373.00 in a report on Wednesday, January 8th. Raymond James upgraded Willis Towers Watson Public from an "outperform" rating to a "strong-buy" rating and boosted their price target for the company from $365.00 to $400.00 in a research note on Thursday, December 5th. Keefe, Bruyette & Woods lifted their target price 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. Barclays increased their price objective on shares of Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an "underweight" rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company dropped their price target on Willis Towers Watson Public from $380.00 to $345.00 and set an "overweight" rating for the company in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued 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 an average price target of $342.08.

About Willis Towers Watson Public

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.