ProShare Advisors LLC Sells 2,199 Shares of Willis Towers Watson Public Limited Company $WTW

ProShare Advisors LLC lowered its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 10.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,735 shares of the company’s stock after selling 2,199 shares during the quarter. ProShare Advisors LLC’s holdings in Willis Towers Watson Public were worth $6,817,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Willis Towers Watson Public by 4.7% during the 4th quarter. Brighton Jones LLC now owns 1,368 shares of the company’s stock worth $429,000 after purchasing an additional 61 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Willis Towers Watson Public by 7.6% in the 1st quarter. NewEdge Advisors LLC now owns 2,588 shares of the company’s stock valued at $875,000 after purchasing an additional 182 shares during the period. Empowered Funds LLC lifted its stake in Willis Towers Watson Public by 16.9% in the 1st quarter. Empowered Funds LLC now owns 2,400 shares of the company’s stock valued at $811,000 after purchasing an additional 347 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Willis Towers Watson Public by 38.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock valued at $47,000 after purchasing an additional 39 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in Willis Towers Watson Public by 46.5% during the second quarter. IFP Advisors Inc now owns 734 shares of the company’s stock worth $226,000 after purchasing an additional 233 shares during the period. 93.09% of the stock is owned by institutional investors.

Willis Towers Watson Public Trading Down 3.3%

WTW opened at $280.09 on Thursday. The stock has a market capitalization of $26.82 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 1.31 and a beta of 0.62. The company has a quick ratio of 1.69, a current ratio of 2.21 and a debt-to-equity ratio of 0.71. Willis Towers Watson Public Limited Company has a twelve month low of $277.54 and a twelve month high of $352.79. The company has a 50-day simple moving average of $324.80 and a 200 day simple moving average of $327.26.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share for the quarter, topping the consensus estimate of $7.93 by $0.19. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the prior year, the company earned $8.13 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Analysts predict that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, December 31st. Willis Towers Watson Public’s payout ratio is 22.47%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Mizuho started coverage on Willis Towers Watson Public in a report on Tuesday, December 16th. They set an “outperform” rating and a $386.00 target price on the stock. Piper Sandler reduced their price objective on shares of Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. UBS Group increased their price objective on shares of Willis Towers Watson Public from $398.00 to $409.00 and gave the company a “buy” rating in a research report on Monday. Keefe, Bruyette & Woods raised their target price on shares of Willis Towers Watson Public from $375.00 to $388.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Finally, TD Cowen reduced their target price on shares of Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating for the company in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and a consensus target price of $374.57.

About Willis Towers Watson Public

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.