Victory Capital Management Inc. Trims Stock Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Victory Capital Management Inc. trimmed its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,969,936 shares of the company's stock after selling 32,231 shares during the quarter. Willis Towers Watson Public makes up 0.6% of Victory Capital Management Inc.'s portfolio, making the stock its 14th biggest position. Victory Capital Management Inc. owned 1.96% of Willis Towers Watson Public worth $617,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Willis Towers Watson Public in the third quarter worth about $27,000. Y.D. More Investments Ltd raised its stake in Willis Towers Watson Public by 121.1% during the 4th quarter. Y.D. More Investments Ltd now owns 126 shares of the company's stock valued at $39,000 after purchasing an additional 69 shares during the period. Ashton Thomas Securities LLC purchased a new position in Willis Towers Watson Public during the third quarter valued at approximately $41,000. Versant Capital Management Inc boosted its position in Willis Towers Watson Public by 95.5% during the fourth quarter. Versant Capital Management Inc now owns 174 shares of the company's stock valued at $55,000 after purchasing an additional 85 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Willis Towers Watson Public by 22.2% in the third quarter. Farther Finance Advisors LLC now owns 237 shares of the company's stock valued at $70,000 after acquiring an additional 43 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Willis Towers Watson Public

In related news, insider Julie Jarecke Gebauer sold 3,384 shares of the firm's stock in a transaction that occurred on 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 sale, the insider now directly owns 74,417 shares of the company's stock, valued at $24,986,996.09. This trade represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WTW shares. Wells Fargo & Company reduced their price objective on shares of 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. Raymond James raised shares of Willis Towers Watson Public from an "outperform" rating to a "strong-buy" rating and upped their target price for the company from $365.00 to $400.00 in a research note on Thursday, December 5th. Truist Financial reaffirmed a "buy" rating and set a $380.00 price objective (up from $365.00) on shares of Willis Towers Watson Public in a research note on Wednesday, December 4th. Evercore ISI raised Willis Towers Watson Public from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $357.00 to $373.00 in a report on Wednesday, January 8th. Finally, Barclays raised their price target on Willis Towers Watson Public from $278.00 to $302.00 and gave the company an "underweight" rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Willis Towers Watson Public has an average rating of "Moderate Buy" and an average target price of $342.08.

Willis Towers Watson Public Trading Down 0.5 %

NASDAQ WTW traded down $1.77 during mid-day trading on Thursday, reaching $332.73. 118,767 shares of the stock were exchanged, compared to its average volume of 549,014. The stock has a 50 day simple moving average of $322.10 and a 200-day simple moving average of $308.38. Willis Towers Watson Public Limited has a one year low of $245.04 and a one year high of $344.14. The stock has a market cap of $33.17 billion, a P/E ratio of -332.63, a P/E/G ratio of 2.95 and a beta of 0.74. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.98 and a quick ratio of 1.72.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last released its quarterly earnings data 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 negative net margin of 0.99% and a positive return on equity of 20.02%. The business's revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.44 earnings per share. On average, analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.92 dividend. This is a positive change from Willis Towers Watson Public's previous quarterly dividend of $0.88. The ex-dividend date is Monday, March 31st. This represents a $3.68 annualized dividend and a yield of 1.11%. Willis Towers Watson Public's payout ratio 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.