Meiji Yasuda Asset Management Co Ltd. Sells 180 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Meiji Yasuda Asset Management Co Ltd. reduced its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW – Get Rating) by 3.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,603 shares of the company’s stock after selling 180 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Willis Towers Watson Public were worth $925,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in WTW. Parkside Financial Bank & Trust bought a new stake in Willis Towers Watson Public in the third quarter worth about $42,000. GHP Investment Advisors Inc. bought a new stake in Willis Towers Watson Public in the second quarter worth about $43,000. Private Trust Co. NA bought a new stake in Willis Towers Watson Public in the second quarter worth about $52,000. Alta Advisers Ltd bought a new stake in Willis Towers Watson Public in the third quarter worth about $60,000. Finally, Ellevest Inc. raised its position in Willis Towers Watson Public by 32.6% in the third quarter. Ellevest Inc. now owns 370 shares of the company’s stock worth $74,000 after acquiring an additional 91 shares during the period. 93.77% of the stock is owned by institutional investors.

Insider Transactions at Willis Towers Watson Public

In other news, insider Julie Jarecke Gebauer sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $246.70, for a total value of $740,100.00. Following the completion of the sale, the insider now directly owns 85,050 shares in the company, valued at approximately $20,981,835. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Anne Donovan Bodnar sold 5,000 shares of the company’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $253.94, for a total transaction of $1,269,700.00. Following the completion of the sale, the insider now directly owns 9,164 shares in the company, valued at approximately $2,327,106.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Julie Jarecke Gebauer sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $246.70, for a total transaction of $740,100.00. Following the sale, the insider now owns 85,050 shares of the company’s stock, valued at $20,981,835. The disclosure for this sale can be found here. Company insiders own 0.83% of the company’s stock.

Willis Towers Watson Public Price Performance

WTW stock opened at $227.60 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.69 and a quick ratio of 1.69. Willis Towers Watson Public Limited has a one year low of $187.89 and a one year high of $258.93. The stock has a market cap of $24.26 billion, a PE ratio of 24.96, a P/E/G ratio of 1.23 and a beta of 0.76. The firm has a 50 day simple moving average of $245.66 and a two-hundred day simple moving average of $231.08.

Willis Towers Watson Public (NASDAQ:WTW – Get Rating) last released its quarterly earnings results on Thursday, February 9th. The company reported $6.33 EPS for the quarter, topping analysts’ consensus estimates of $6.29 by $0.04. Willis Towers Watson Public had a net margin of 11.38% and a return on equity of 14.53%. The business had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the company earned $5.67 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts predict that Willis Towers Watson Public Limited will post 14.58 EPS for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.48%. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, March 30th. Willis Towers Watson Public’s payout ratio is presently 35.96%.

Analysts Set New Price Targets

Several analysts have commented on WTW shares. Credit Suisse Group lifted their price objective on shares of Willis Towers Watson Public from $288.00 to $302.00 and gave the stock an “outperform” rating in a research report on Thursday, December 15th. Citigroup started coverage on shares of Willis Towers Watson Public in a research report on Wednesday, December 14th. They issued a “neutral” rating and a $247.00 price target on the stock. Robert W. Baird boosted their price target on shares of Willis Towers Watson Public from $246.00 to $259.00 and gave the company an “outperform” rating in a research report on Thursday, February 16th. Piper Sandler boosted their price target on shares of Willis Towers Watson Public from $250.00 to $280.00 in a research report on Tuesday, January 17th. Finally, BMO Capital Markets started coverage on shares of Willis Towers Watson Public in a research report on Thursday, January 19th. They issued a “market perform” rating and a $260.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Willis Towers Watson Public has an average rating of “Moderate Buy” and a consensus target price of $267.23.

About Willis Towers Watson Public

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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.