Jag Capital Management LLC Takes Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Jag Capital Management LLC acquired a new stake in Willis Towers Watson Public Limited (NASDAQ:WTW) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 21,713 shares of the company’s stock, valued at approximately $6,801,000.

Other institutional investors have also modified their holdings of the company. Mizuho Securities USA LLC boosted its holdings in Willis Towers Watson Public by 95,880.2% in 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 purchasing an additional 7,561,114 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Willis Towers Watson Public by 277.8% in the third 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 period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Willis Towers Watson Public by 47,515.7% in the third 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 period. Proficio Capital Partners LLC boosted its holdings in Willis Towers Watson Public by 33,979.6% in the fourth quarter. Proficio Capital Partners LLC now owns 458,370 shares of the company’s stock valued at $143,580,000 after purchasing an additional 457,025 shares during the period. Finally, Canoe Financial LP purchased a new position in Willis Towers Watson Public in the fourth quarter valued at $47,883,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on WTW. Wells Fargo & Company decreased their target price on Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Raymond James upgraded Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $365.00 to $400.00 in a report on Thursday, December 5th. Keefe, Bruyette & Woods lifted their price target on Willis Towers Watson Public from $378.00 to $387.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Barclays lifted their price target on Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an “underweight” rating in a report on Thursday, November 21st. Finally, Truist Financial reaffirmed 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $342.08.

Insider Activity

In related news, insider Julie Jarecke Gebauer sold 3,384 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $335.77, for a total value of $1,136,245.68. Following the transaction, the insider now owns 74,417 shares in the company, valued at $24,986,996.09. The trade was a 4.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.22% of the company’s stock.

Willis Towers Watson Public Stock Up 0.2 %

Willis Towers Watson Public stock opened at $340.36 on Tuesday. Willis Towers Watson Public Limited has a fifty-two week low of $245.04 and a fifty-two week high of $342.17. 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 company has a market capitalization of $33.93 billion, a P/E ratio of -340.36, a PEG ratio of 2.95 and a beta of 0.74. The stock has a 50-day simple moving average of $321.37 and a 200-day simple moving average of $307.81.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Tuesday, February 4th. The company reported $8.13 earnings per share for the quarter, beating the consensus estimate of $8.01 by $0.12. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the previous year, the business earned $7.44 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts expect that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.92 dividend. 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 1.08%. The ex-dividend date of this dividend is Monday, March 31st. Willis Towers Watson Public’s payout ratio is presently -368.00%.

Willis Towers Watson Public Profile

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.