Wakefield Asset Management LLLP acquired a new stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 720 shares of the company’s stock, valued at approximately $226,000.
Several other large investors also recently added to or reduced their stakes in the stock. Mizuho Securities USA LLC raised its stake in shares of Willis Towers Watson Public by 95,880.2% during the third quarter. Mizuho Securities USA LLC now owns 7,569,000 shares of the company’s stock valued at $2,229,298,000 after acquiring an additional 7,561,114 shares in the last quarter. Geode Capital Management LLC raised its position in Willis Towers Watson Public by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,629,439 shares of the company’s stock valued at $772,027,000 after purchasing an additional 19,623 shares in the last quarter. FMR LLC lifted its holdings in shares of Willis Towers Watson Public by 2.0% in the 3rd quarter. FMR LLC now owns 2,416,455 shares of the company’s stock worth $711,718,000 after buying an additional 48,384 shares during the period. Victory Capital Management Inc. grew its position in shares of Willis Towers Watson Public by 0.5% during the 3rd quarter. Victory Capital Management Inc. now owns 2,002,167 shares of the company’s stock worth $589,698,000 after buying an additional 10,856 shares in the last quarter. Finally, Baupost Group LLC MA increased its stake in shares of Willis Towers Watson Public by 7.8% during the third quarter. Baupost Group LLC MA now owns 1,781,206 shares of the company’s stock valued at $524,619,000 after buying an additional 128,558 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on WTW shares. Keefe, Bruyette & Woods upped their price objective on shares of 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. Barclays upped their price target on shares of Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st. Truist Financial reissued a “buy” rating and set a $380.00 price objective (up from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. Evercore ISI raised Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and increased their target price for the company from $357.00 to $373.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company cut their price target on Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $342.08.
Willis Towers Watson Public Trading Down 0.3 %
Willis Towers Watson Public stock opened at $335.29 on Friday. Willis Towers Watson Public Limited has a one year low of $245.04 and a one year high of $339.12. The stock has a market cap of $33.77 billion, a PE ratio of -335.29, a price-to-earnings-growth ratio of 2.95 and a beta of 0.74. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.72 and a current ratio of 1.98. The stock has a 50-day moving average of $320.41 and a two-hundred day moving average of $306.53.
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $8.13 EPS for the quarter, beating the consensus estimate of $8.01 by $0.12. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.05 billion. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. Willis Towers Watson Public’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $7.44 EPS. On average, research analysts anticipate that Willis Towers Watson Public Limited will post 17.32 EPS for the current fiscal year.
Willis Towers Watson Public Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.92 per share. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.88. This represents a $3.68 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Monday, March 31st. Willis Towers Watson Public’s payout ratio is presently -368.00%.
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.
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