ProShare Advisors LLC Sells 1,562 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

ProShare Advisors LLC decreased its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 6.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,984 shares of the company’s stock after selling 1,562 shares during the quarter. ProShare Advisors LLC’s holdings in Willis Towers Watson Public were worth $6,046,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WTW. Richardson Financial Services Inc. acquired a new stake in shares of Willis Towers Watson Public during the 1st quarter worth approximately $28,000. Exchange Traded Concepts LLC acquired a new stake in Willis Towers Watson Public during the 4th quarter worth $29,000. Hexagon Capital Partners LLC grew its holdings in Willis Towers Watson Public by 168.8% during the 4th quarter. Hexagon Capital Partners LLC now owns 129 shares of the company’s stock worth $31,000 after acquiring an additional 81 shares during the period. HHM Wealth Advisors LLC bought a new stake in shares of Willis Towers Watson Public during the 4th quarter valued at $34,000. Finally, Glassman Wealth Services acquired a new position in shares of Willis Towers Watson Public in the 4th quarter valued at $49,000. 93.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. 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 research report on Monday, April 29th. Bank of America upgraded shares of Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $272.00 to $304.00 in a report on Wednesday, May 22nd. Wells Fargo & Company boosted their price target on shares of Willis Towers Watson Public from $317.00 to $318.00 and gave the company an “overweight” rating in a report on Thursday, June 20th. Raymond James reiterated an “outperform” rating and set a $315.00 target price (up from $295.00) on shares of Willis Towers Watson Public in a report on Thursday, March 28th. Finally, Keefe, Bruyette & Woods decreased their target price on Willis Towers Watson Public from $317.00 to $311.00 and set an “outperform” rating for the company in a research note on Monday, May 6th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $296.29.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ WTW opened at $267.47 on Thursday. The stock has a market capitalization of $27.35 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 1.50 and a beta of 0.73. Willis Towers Watson Public Limited has a 52 week low of $195.29 and a 52 week high of $278.86. The stock has a 50 day moving average price of $257.64 and a 200 day moving average price of $260.57. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.89 and a current ratio of 1.89.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Thursday, April 25th. The company reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.21 by $0.08. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Willis Towers Watson Public had a net margin of 10.88% and a return on equity of 16.31%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.84 earnings per share. Analysts predict that Willis Towers Watson Public Limited will post 16.27 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Sunday, June 30th were given a dividend of $0.88 per share. The ex-dividend date was Friday, June 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.32%. Willis Towers Watson Public’s dividend payout ratio (DPR) is 35.31%.

Willis Towers Watson Public Company Profile

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.