Willis Towers Watson Public Limited Company $WTW Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 45.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,225 shares of the company’s stock after purchasing an additional 6,340 shares during the period. PNC Financial Services Group Inc.’s holdings in Willis Towers Watson Public were worth $6,646,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in WTW. Bartlett & CO. Wealth Management LLC lifted its stake in Willis Towers Watson Public by 375.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock worth $25,000 after purchasing an additional 60 shares in the last quarter. Larson Financial Group LLC lifted its stake in Willis Towers Watson Public by 72.5% during the fourth quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after purchasing an additional 37 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in Willis Towers Watson Public during the third quarter worth $31,000. Elyxium Wealth LLC acquired a new stake in shares of Willis Towers Watson Public in the fourth quarter valued at $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Willis Towers Watson Public in the fourth quarter valued at $39,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Stock Performance

NASDAQ WTW opened at $257.40 on Monday. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.78. Willis Towers Watson Public Limited Company has a 52-week low of $240.61 and a 52-week high of $352.79. The business’s 50-day moving average price is $278.97 and its 200 day moving average price is $304.04. The firm has a market cap of $24.31 billion, a P/E ratio of 15.01, a P/E/G ratio of 1.13 and a beta of 0.45.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Friday, May 1st. The company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.65 by $0.07. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.41 billion. Willis Towers Watson Public had a return on equity of 21.52% and a net margin of 16.84%.The business’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $3.13 earnings per share. On average, equities research analysts expect that Willis Towers Watson Public Limited Company will post 19.52 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, June 30th. Willis Towers Watson Public’s payout ratio is currently 22.39%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. BMO Capital Markets upgraded Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $347.00 to $300.00 in a report on Friday, May 1st. Bank of America decreased their target price on Willis Towers Watson Public from $354.00 to $347.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Wall Street Zen upgraded Willis Towers Watson Public from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Evercore lifted their target price on Willis Towers Watson Public from $383.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings lowered Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Willis Towers Watson Public presently has a consensus rating of “Moderate Buy” and a consensus target price of $351.73.

Insider Activity

In related news, insider Lucy Clarke acquired 1,896 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was purchased at an average cost of $263.37 per share, for a total transaction of $499,349.52. Following the transaction, the insider directly owned 22,717 shares of the company’s stock, valued at approximately $5,982,976.29. This trade represents a 9.11% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is owned by corporate insiders.

Willis Towers Watson Public Profile

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.