Willis Towers Watson Public Limited (NASDAQ:WTW) Insider Sells $1,136,245.68 in Stock

Willis Towers Watson Public Limited (NASDAQ:WTW) insider Julie Jarecke Gebauer sold 3,384 shares of the company’s stock in a transaction 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 owns 74,417 shares of the company’s stock, valued at approximately $24,986,996.09. This trade represents a 4.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Willis Towers Watson Public Price Performance

NASDAQ:WTW opened at $339.65 on Friday. The firm has a market capitalization of $34.21 billion, a price-to-earnings ratio of -339.65, a PEG ratio of 2.95 and a beta of 0.74. Willis Towers Watson Public Limited has a 1 year low of $245.04 and a 1 year high of $339.89. The business has a 50 day simple moving average of $320.85 and a 200-day simple moving average of $307.20. 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) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $8.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.01 by $0.12. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates 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 company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the company earned $7.44 EPS. Equities analysts forecast 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. Stockholders of record on Monday, March 31st will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.08%. 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. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently -368.00%.

Institutional Investors Weigh In On Willis Towers Watson Public

Several institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. raised its holdings in shares of Willis Towers Watson Public by 12.5% in the third quarter. Assenagon Asset Management S.A. now owns 3,272 shares of the company’s stock worth $964,000 after buying an additional 364 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Willis Towers Watson Public by 31.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,553 shares of the company’s stock worth $2,506,000 after buying an additional 2,057 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Willis Towers Watson Public by 23.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,920 shares of the company’s stock worth $1,449,000 after buying an additional 920 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Willis Towers Watson Public by 5.8% in the third quarter. State of Alaska Department of Revenue now owns 11,800 shares of the company’s stock worth $3,475,000 after buying an additional 645 shares during the period. Finally, abrdn plc raised its holdings in shares of Willis Towers Watson Public by 39.2% in the third quarter. abrdn plc now owns 41,742 shares of the company’s stock worth $12,248,000 after buying an additional 11,752 shares during the period. 93.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wells Fargo & Company reduced 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 report on Tuesday, January 14th. Evercore ISI upgraded Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $357.00 to $373.00 in a research report on Wednesday, January 8th. 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 report on Thursday, December 5th. Barclays upped their price target on Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods upped their price target on Willis Towers Watson Public from $378.00 to $387.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.