Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Sold by Sound Shore Management Inc. CT

Sound Shore Management Inc. CT decreased its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 12.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 297,120 shares of the company's stock after selling 42,806 shares during the period. Willis Towers Watson Public accounts for approximately 3.1% of Sound Shore Management Inc. CT's portfolio, making the stock its 7th biggest position. Sound Shore Management Inc. CT owned about 0.29% of Willis Towers Watson Public worth $93,070,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Willis Towers Watson Public by 277.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 844,417 shares of the company's stock valued at $248,706,000 after buying an additional 620,926 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in Willis Towers Watson Public by 47,515.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 499,965 shares of the company's stock valued at $147,255,000 after acquiring an additional 498,915 shares in the last quarter. Proficio Capital Partners LLC raised its position in Willis Towers Watson Public by 33,979.6% during the fourth quarter. Proficio Capital Partners LLC now owns 458,370 shares of the company's stock valued at $143,580,000 after acquiring an additional 457,025 shares in the last quarter. Canoe Financial LP bought a new stake in Willis Towers Watson Public in the fourth quarter worth approximately $47,883,000. Finally, Cidel Asset Management Inc. acquired a new position in shares of Willis Towers Watson Public during the 4th quarter worth $42,964,000. Hedge funds and other institutional investors own 93.09% of the company's stock.

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Insider Activity

In other news, insider Julie Jarecke Gebauer sold 3,384 shares of the 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 completion of the transaction, the insider now directly owns 74,417 shares of the company's stock, valued at approximately $24,986,996.09. This represents a 4.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

WTW has been the subject of several analyst reports. 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 upgraded Willis Towers Watson Public from an "outperform" rating to a "strong-buy" rating and upped their price target for the stock from $365.00 to $400.00 in a research note on Thursday, December 5th. 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 note on Friday, January 10th. Truist Financial restated a "buy" rating and issued a $380.00 target price (up from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. Finally, UBS Group upgraded Willis Towers Watson Public from a "neutral" rating to a "buy" rating and increased their price target for the company from $344.00 to $395.00 in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Willis Towers Watson Public has a consensus rating of "Moderate Buy" and an average price target of $346.15.

Willis Towers Watson Public Stock Performance

NASDAQ:WTW traded up $0.94 during trading hours on Wednesday, hitting $338.87. 166,679 shares of the company traded hands, compared to its average volume of 502,128. 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 Limited has a twelve month low of $245.04 and a twelve month high of $344.14. The firm has a 50-day moving average of $327.12 and a 200 day moving average of $312.66. The stock has a market capitalization of $33.78 billion, a price-to-earnings ratio of -338.84, a P/E/G ratio of 2.95 and a beta of 0.71.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $8.13 EPS for the quarter, beating analysts' consensus estimates of $8.01 by $0.12. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the business earned $7.44 earnings per share. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts forecast that Willis Towers Watson Public Limited will post 17.32 EPS for the current year.

Willis Towers Watson Public Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a boost 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 1.09%. 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.