Chevy Chase Trust Holdings LLC Trims Stock Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Chevy Chase Trust Holdings LLC trimmed its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 2.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 52,886 shares of the company’s stock after selling 1,591 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Willis Towers Watson Public were worth $16,566,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Fidelis Capital Partners LLC raised its holdings in shares of Willis Towers Watson Public by 3.1% in the third quarter. Fidelis Capital Partners LLC now owns 1,223 shares of the company’s stock valued at $357,000 after buying an additional 37 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Willis Towers Watson Public by 12.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 337 shares of the company’s stock valued at $106,000 after buying an additional 38 shares during the last quarter. Glenmede Trust Co. NA raised its holdings in shares of Willis Towers Watson Public by 3.1% in the third quarter. Glenmede Trust Co. NA now owns 1,419 shares of the company’s stock valued at $418,000 after buying an additional 42 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Willis Towers Watson Public by 22.2% in the third quarter. Farther Finance Advisors LLC now owns 237 shares of the company’s stock valued at $70,000 after buying an additional 43 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in shares of Willis Towers Watson Public by 1.9% in the third quarter. Bleakley Financial Group LLC now owns 2,475 shares of the company’s stock valued at $729,000 after buying an additional 47 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WTW shares. Evercore ISI raised shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $357.00 to $373.00 in a report on Wednesday, January 8th. Barclays increased 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 report on Thursday, November 21st. Raymond James raised shares of Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $365.00 to $400.00 in a report on Thursday, December 5th. Truist Financial reissued a “buy” rating and set a $380.00 price target (up from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. Finally, Jefferies Financial Group raised shares of Willis Towers Watson Public from a “hold” rating to a “buy” rating and increased their price target for the stock from $352.00 to $382.00 in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $342.08.

Willis Towers Watson Public Trading Down 0.6 %

Shares of WTW opened at $320.40 on Friday. The firm’s 50-day moving average is $317.21 and its two-hundred day moving average is $303.61. The firm has a market capitalization of $32.27 billion, a P/E ratio of -320.40, a PEG ratio of 2.91 and a beta of 0.74. Willis Towers Watson Public Limited has a twelve month low of $245.04 and a twelve month high of $334.99. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Tuesday, February 4th. The company reported $8.13 EPS for the quarter, beating the consensus estimate of $8.01 by $0.12. The business had revenue of $3.04 billion for 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%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $7.44 earnings per share. On average, research analysts predict that Willis Towers Watson Public Limited will post 17.72 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.88 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $3.52 annualized dividend and a dividend yield of 1.10%. Willis Towers Watson Public’s dividend payout ratio is presently -352.00%.

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.