Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW – Free Report) by 8.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 67,270 shares of the company’s stock after selling 6,428 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Willis Towers Watson Public were worth $14,057,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of WTW. Norges Bank purchased a new position in shares of Willis Towers Watson Public in the 4th quarter valued at $276,426,000. First Eagle Investment Management LLC lifted its stake in shares of Willis Towers Watson Public by 9.0% during the third quarter. First Eagle Investment Management LLC now owns 5,410,018 shares of the company’s stock worth $1,130,477,000 after purchasing an additional 445,775 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Willis Towers Watson Public in the second quarter worth about $87,241,000. Bank of New York Mellon Corp grew its stake in shares of Willis Towers Watson Public by 53.5% in the third quarter. Bank of New York Mellon Corp now owns 1,117,197 shares of the company’s stock valued at $233,449,000 after buying an additional 389,596 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of Willis Towers Watson Public by 21.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 953,341 shares of the company’s stock valued at $224,512,000 after buying an additional 170,805 shares during the period. 91.41% of the stock is owned by institutional investors and hedge funds.
Willis Towers Watson Public Stock Up 0.1 %
Shares of NASDAQ:WTW opened at $272.20 on Tuesday. Willis Towers Watson Public Limited has a 1-year low of $195.29 and a 1-year high of $275.00. The company’s fifty day moving average is $246.62 and its two-hundred day moving average is $227.54. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.32 and a current ratio of 1.45. The stock has a market capitalization of $28.11 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 1.62 and a beta of 0.72.
Willis Towers Watson Public Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Sunday, December 31st were paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Thursday, December 28th. Willis Towers Watson Public’s payout ratio is 33.53%.
Analysts Set New Price Targets
A number of research firms have weighed in on WTW. TD Cowen began coverage on Willis Towers Watson Public in a report on Wednesday, January 10th. They issued an “outperform” rating and a $316.00 price target for the company. Citigroup raised shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and upped their price objective for the company from $236.00 to $315.00 in a research report on Monday. Roth Mkm lifted their target price on Willis Towers Watson Public from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. TheStreet raised Willis Towers Watson Public from a “c+” rating to a “b-” rating in a report on Monday, October 30th. Finally, Piper Sandler increased their target price on Willis Towers Watson Public from $265.00 to $267.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.36.
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 and 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 programs; actuarial support, plan design, and administrative services for pension and retirement savings plans; and benefits outsourcing services, including a suite of health and welfare, and pension administration outsourcing services.
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