Triangle Securities Wealth Management Invests $200,000 in Willis Towers Watson Public Limited (NASDAQ:WTW)

Triangle Securities Wealth Management bought a new position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 640 shares of the company’s stock, valued at approximately $200,000.

Several other large investors have also made changes to their positions in WTW. Mizuho Securities USA LLC raised its stake in shares of Willis Towers Watson Public by 95,880.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,569,000 shares of the company’s stock worth $2,229,298,000 after buying an additional 7,561,114 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Willis Towers Watson Public by 277.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 844,417 shares of the company’s stock valued at $248,706,000 after purchasing an additional 620,926 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in Willis Towers Watson Public by 47,515.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 499,965 shares of the company’s stock valued at $147,255,000 after purchasing an additional 498,915 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Willis Towers Watson Public by 456.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 198,389 shares of the company’s stock valued at $52,006,000 after purchasing an additional 162,741 shares during the last quarter. Finally, Canoe Financial LP acquired a new position in Willis Towers Watson Public in the 4th quarter valued at $47,883,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WTW. Raymond James raised Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $365.00 to $400.00 in a research note on Thursday, December 5th. Wells Fargo & Company reduced their price objective on Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods raised their target price on Willis Towers Watson Public from $378.00 to $387.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Truist Financial reaffirmed a “buy” rating and issued a $380.00 target price (up from $365.00) on shares of Willis Towers Watson Public in a research note on Wednesday, December 4th. Finally, Evercore ISI raised Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $357.00 to $373.00 in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $333.64.

Willis Towers Watson Public Stock Performance

NASDAQ WTW opened at $320.65 on Monday. The stock has a market cap of $32.30 billion, a PE ratio of -44.05, a P/E/G ratio of 1.69 and a beta of 0.74. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.70. Willis Towers Watson Public Limited has a twelve month low of $242.54 and a twelve month high of $334.99. The stock has a fifty day simple moving average of $315.01 and a 200-day simple moving average of $295.87.

Willis Towers Watson Public (NASDAQ:WTW) last announced its earnings results on Thursday, October 31st. The company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.25. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the business posted $2.24 EPS. Willis Towers Watson Public’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts anticipate that Willis Towers Watson Public Limited will post 16.75 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Tuesday, December 31st. Willis Towers Watson Public’s dividend payout ratio (DPR) is -48.35%.

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 & 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.