Comerica Bank Buys 648 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Comerica Bank increased its stake in Willis Towers Watson Public Limited (NASDAQ:WTWGet Rating) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,370 shares of the company’s stock after purchasing an additional 648 shares during the period. Comerica Bank’s holdings in Willis Towers Watson Public were worth $3,049,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of WTW. Massachusetts Financial Services Co. MA acquired a new stake in Willis Towers Watson Public during the 2nd quarter worth $1,260,466,000. Artisan Partners Limited Partnership acquired a new stake in Willis Towers Watson Public during the 2nd quarter worth $1,218,626,000. State Street Corp acquired a new stake in Willis Towers Watson Public during the 2nd quarter worth $971,817,000. Franklin Resources Inc. acquired a new stake in Willis Towers Watson Public during the 2nd quarter worth $487,982,000. Finally, Starboard Value LP acquired a new stake in Willis Towers Watson Public during the 2nd quarter worth $443,241,000. Institutional investors own 93.77% of the company’s stock.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW opened at $254.65 on Tuesday. The firm has a market cap of $27.56 billion, a PE ratio of 11.12, a PEG ratio of 1.04 and a beta of 0.76. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.45. Willis Towers Watson Public Limited has a 1-year low of $187.89 and a 1-year high of $258.43. The company has a fifty day moving average price of $242.91 and a 200 day moving average price of $220.12.

Willis Towers Watson Public (NASDAQ:WTWGet Rating) last announced its earnings results on Thursday, October 27th. The company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.06. Willis Towers Watson Public had a net margin of 31.90% and a return on equity of 13.67%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the business earned $1.73 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Research analysts predict that Willis Towers Watson Public Limited will post 13.5 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Saturday, December 31st will be given a dividend of $0.82 per share. The ex-dividend date is Thursday, December 29th. This represents a $3.28 annualized dividend and a yield of 1.29%. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 14.32%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WTW. Credit Suisse Group boosted their price target on shares of Willis Towers Watson Public from $288.00 to $302.00 and gave the company an “outperform” rating in a report on Thursday, December 15th. StockNews.com began coverage on shares of Willis Towers Watson Public in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Raymond James boosted their price target on shares of Willis Towers Watson Public from $250.00 to $280.00 and gave the company a “strong-buy” rating in a report on Thursday, December 29th. Wells Fargo & Company decreased their price target on shares of Willis Towers Watson Public from $220.00 to $218.00 and set an “equal weight” rating for the company in a report on Friday, October 28th. Finally, The Goldman Sachs Group boosted their price target on shares of Willis Towers Watson Public from $229.00 to $271.00 and gave the company a “neutral” rating in a report on Monday, January 9th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Willis Towers Watson Public currently has an average rating of “Hold” and an average target price of $256.78.

Insiders Place Their Bets

In other Willis Towers Watson Public news, insider Anne Donovan Bodnar sold 2,000 shares of the business’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $218.34, for a total transaction of $436,680.00. Following the sale, the insider now directly owns 10,727 shares of the company’s stock, valued at approximately $2,342,133.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Brendan R. Oneill sold 6,520 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $225.50, for a total value of $1,470,260.00. Following the sale, the director now directly owns 7,488 shares of the company’s stock, valued at approximately $1,688,544. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Anne Donovan Bodnar sold 2,000 shares of the company’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $218.34, for a total transaction of $436,680.00. Following the completion of the sale, the insider now directly owns 10,727 shares in the company, valued at $2,342,133.18. The disclosure for this sale can be found here. Insiders own 0.83% of the company’s stock.

About Willis Towers Watson Public

(Get Rating)

Willis Towers Watson Plc engages in the provision of advisory, broking, and solutions services. It operates through the following segments: Human Capital and Benefits (HCB), Corporate Risk and Broking (CRB), Investment, Risk and Reinsurance (IRR), and Benefits Delivery and Administration (BDA). The HCB segment provides advice, broking, solutions, and software for employee benefit plans, human resources organizations, and management teams.

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Institutional Ownership by Quarter for Willis Towers Watson Public (NASDAQ:WTW)

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