Desjardins Global Asset Management Inc. Trims Stake in Willis Towers Watson Public Limited (NASDAQ:WTW)

Desjardins Global Asset Management Inc. lowered its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTWFree Report) by 11.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,584 shares of the company’s stock after selling 1,061 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Willis Towers Watson Public were worth $2,070,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its position in Willis Towers Watson Public by 1.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,946,805 shares of the company’s stock valued at $2,078,484,000 after purchasing an additional 98,719 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of Willis Towers Watson Public by 9.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 5,410,018 shares of the company’s stock worth $1,130,477,000 after acquiring an additional 445,775 shares in the last quarter. Geode Capital Management LLC lifted its position in Willis Towers Watson Public by 0.5% during the first quarter. Geode Capital Management LLC now owns 2,403,014 shares of the company’s stock valued at $557,242,000 after acquiring an additional 11,773 shares during the last quarter. Invesco Ltd. boosted its stake in Willis Towers Watson Public by 1.3% in the third quarter. Invesco Ltd. now owns 2,021,602 shares of the company’s stock valued at $422,434,000 after acquiring an additional 25,794 shares in the last quarter. Finally, Baupost Group LLC MA increased its position in shares of Willis Towers Watson Public by 72.4% during the third quarter. Baupost Group LLC MA now owns 1,555,667 shares of the company’s stock worth $325,072,000 after purchasing an additional 653,300 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on WTW shares. BMO Capital Markets raised Willis Towers Watson Public from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $236.00 to $298.00 in a research report on Monday, February 12th. Raymond James reiterated an “outperform” rating and issued a $315.00 target price (up from $295.00) on shares of Willis Towers Watson Public in a research note on Thursday, March 28th. Wells Fargo & Company cut their price target on shares of Willis Towers Watson Public from $320.00 to $318.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Keefe, Bruyette & Woods lifted their price objective on shares of Willis Towers Watson Public from $307.00 to $317.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Finally, Roth Mkm upped their target price on Willis Towers Watson Public from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $290.54.

Get Our Latest Analysis on Willis Towers Watson Public

Willis Towers Watson Public Trading Down 0.5 %

Shares of NASDAQ:WTW opened at $257.19 on Wednesday. The company has a market capitalization of $26.30 billion, a PE ratio of 25.67, a PEG ratio of 1.47 and a beta of 0.73. Willis Towers Watson Public Limited has a 12-month low of $195.29 and a 12-month high of $278.86. The business has a 50 day moving average of $271.93 and a two-hundred day moving average of $248.73. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.48.

Willis Towers Watson Public (NASDAQ:WTWGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $7.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.05 by $0.39. Willis Towers Watson Public had a net margin of 11.12% and a return on equity of 15.70%. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same period in the prior year, the firm posted $6.33 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, analysts forecast that Willis Towers Watson Public Limited will post 16.2 EPS for the current year.

Willis Towers Watson Public Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were issued a $0.88 dividend. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.37%. Willis Towers Watson Public’s dividend payout ratio is presently 35.13%.

Insiders Place Their Bets

In other news, CFO Andrew Jay Krasner sold 1,100 shares of Willis Towers Watson Public stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $272.13, for a total value of $299,343.00. Following the sale, the chief financial officer now owns 4,170 shares in the company, valued at $1,134,782.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.22% of the stock is currently owned by company insiders.

Willis Towers Watson Public Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding WTW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Willis Towers Watson Public Limited (NASDAQ:WTWFree Report).

Institutional Ownership by Quarter for Willis Towers Watson Public (NASDAQ:WTW)

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