New York Life Investment Management LLC Sells 146 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

New York Life Investment Management LLC reduced its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,609 shares of the company’s stock after selling 146 shares during the period. New York Life Investment Management LLC’s holdings in Willis Towers Watson Public were worth $4,006,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in WTW. Loomis Sayles & Co. L P acquired a new stake in shares of Willis Towers Watson Public during the 3rd quarter worth approximately $28,000. Exchange Traded Concepts LLC acquired a new stake in shares of Willis Towers Watson Public in the 4th quarter valued at approximately $29,000. Hexagon Capital Partners LLC boosted its position in Willis Towers Watson Public by 168.8% in the fourth quarter. Hexagon Capital Partners LLC now owns 129 shares of the company’s stock valued at $31,000 after buying an additional 81 shares in the last quarter. HHM Wealth Advisors LLC acquired a new stake in Willis Towers Watson Public in the fourth quarter valued at approximately $34,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of Willis Towers Watson Public by 112.8% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 200 shares of the company’s stock worth $48,000 after buying an additional 106 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Down 0.2 %

Shares of Willis Towers Watson Public stock opened at $251.99 on Friday. The firm has a market cap of $25.76 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 1.44 and a beta of 0.75. The stock’s 50-day moving average is $267.55 and its 200 day moving average is $252.78. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.89 and a quick ratio of 1.89. Willis Towers Watson Public Limited has a one year low of $195.29 and a one year high of $278.86.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Thursday, April 25th. The company reported $3.29 EPS for the quarter, topping the consensus estimate of $3.21 by $0.08. Willis Towers Watson Public had a net margin of 10.88% and a return on equity of 16.31%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter last year, the firm posted $2.84 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Equities research analysts anticipate that Willis Towers Watson Public Limited will post 16.27 EPS for the current year.

Willis Towers Watson Public Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Wednesday, March 27th. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.84. Willis Towers Watson Public’s dividend payout ratio is 35.31%.

Insider Activity

In other news, CFO Andrew Jay Krasner sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $272.13, for a total transaction of $299,343.00. Following the completion of the sale, the chief financial officer now owns 4,170 shares in the company, valued at $1,134,782.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WTW shares. Piper Sandler raised their price objective on Willis Towers Watson Public from $297.00 to $303.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Morgan Stanley upped their price objective on Willis Towers Watson Public from $248.00 to $270.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Wells Fargo & Company cut their target price on shares of Willis Towers Watson Public from $320.00 to $318.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. TD Cowen started coverage on shares of Willis Towers Watson Public in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $316.00 price target for the company. Finally, Citigroup cut their price target on shares of Willis Towers Watson Public from $315.00 to $312.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $296.00.

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.