Taikang Asset Management Hong Kong Co Ltd Acquires 19,600 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Taikang Asset Management Hong Kong Co Ltd raised its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 179.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,550 shares of the company’s stock after purchasing an additional 19,600 shares during the period. Willis Towers Watson Public accounts for about 1.4% of Taikang Asset Management Hong Kong Co Ltd’s portfolio, making the stock its 16th largest position. Taikang Asset Management Hong Kong Co Ltd’s holdings in Willis Towers Watson Public were worth $9,569,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Willis Towers Watson Public by 277.8% during 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Willis Towers Watson Public by 47,515.7% during 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 buying an additional 498,915 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of Willis Towers Watson Public by 33,979.6% in the 4th quarter. Proficio Capital Partners LLC now owns 458,370 shares of the company’s stock valued at $143,580,000 after buying an additional 457,025 shares in the last quarter. Canoe Financial LP purchased a new position in shares of Willis Towers Watson Public in the 4th quarter worth approximately $47,883,000. Finally, Cidel Asset Management Inc. bought a new position in shares of Willis Towers Watson Public during the 4th quarter worth approximately $42,964,000. Institutional investors own 93.09% of the company’s stock.

Insiders Place Their Bets

In other Willis Towers Watson Public news, insider Julie Jarecke Gebauer sold 3,384 shares of Willis Towers Watson Public stock in a transaction on Friday, February 28th. The shares were sold at an average price of $335.77, for a total value of $1,136,245.68. Following the completion of the transaction, the insider now owns 74,417 shares of the company’s stock, valued at approximately $24,986,996.09. The trade was a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.22% of the company’s stock.

Willis Towers Watson Public Stock Up 1.4 %

NASDAQ:WTW opened at $337.22 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.98 and a quick ratio of 1.72. The company’s fifty day moving average price is $326.63 and its 200-day moving average price is $312.33. Willis Towers Watson Public Limited has a 1-year low of $245.04 and a 1-year high of $344.14. The firm has a market capitalization of $33.62 billion, a P/E ratio of -337.22, a PEG ratio of 2.95 and a beta of 0.71.

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

Willis Towers Watson Public Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.92 dividend. The ex-dividend date is Monday, March 31st. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.88. This represents a $3.68 dividend on an annualized basis and a yield of 1.09%. Willis Towers Watson Public’s payout ratio is presently -368.00%.

Analysts Set New Price Targets

Several research firms have issued reports on WTW. Evercore ISI raised shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $357.00 to $373.00 in a report on Wednesday, January 8th. Keefe, Bruyette & Woods boosted 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. Wells Fargo & Company decreased their price target 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. Truist Financial reissued a “buy” rating and issued a $380.00 price target (up previously from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. Finally, Jefferies Financial Group upgraded shares of Willis Towers Watson Public from a “hold” rating to a “buy” rating and upped their price objective for the company 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, two have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $346.15.

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.