Cardinal Point Capital Management ULC Acquires Shares of 25,591 Willis Towers Watson Public Limited Company $WTW

Cardinal Point Capital Management ULC bought a new position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 25,591 shares of the company’s stock, valued at approximately $8,840,000.

A number of other institutional investors also recently modified their holdings of the business. Alpine Bank Wealth Management bought a new position in Willis Towers Watson Public during the third quarter worth about $25,000. SOA Wealth Advisors LLC. boosted its holdings in Willis Towers Watson Public by 8,200.0% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 83 shares of the company’s stock valued at $29,000 after purchasing an additional 82 shares during the period. Quent Capital LLC acquired a new position in shares of Willis Towers Watson Public during the 3rd quarter worth approximately $34,000. Elevation Point Wealth Partners LLC bought a new position in shares of Willis Towers Watson Public during the second quarter worth approximately $39,000. Finally, Motco boosted its stake in shares of Willis Towers Watson Public by 1,933.3% in the third quarter. Motco now owns 122 shares of the company’s stock valued at $42,000 after buying an additional 116 shares during the period. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW opened at $330.04 on Monday. The company has a market capitalization of $31.60 billion, a PE ratio of 20.15, a P/E/G ratio of 1.50 and a beta of 0.62. The company has a quick ratio of 1.69, a current ratio of 2.21 and a debt-to-equity ratio of 0.71. Willis Towers Watson Public Limited Company has a twelve month low of $292.97 and a twelve month high of $352.79. The firm has a fifty day simple moving average of $326.66 and a 200 day simple moving average of $327.89.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share for the quarter, topping analysts’ consensus estimates of $7.93 by $0.19. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.87 billion. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.The business’s revenue was down 3.3% compared to the same quarter last year. During the same period last year, the business posted $8.13 EPS. On average, sell-side analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.92 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $3.68 annualized dividend and a yield of 1.1%. Willis Towers Watson Public’s payout ratio is 22.47%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Piper Sandler dropped their price objective on Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Truist Financial raised their price target on Willis Towers Watson Public from $380.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Cantor Fitzgerald dropped their price target on Willis Towers Watson Public from $365.00 to $345.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. TD Cowen reduced their price target on Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Wells Fargo & Company raised their price target on shares of Willis Towers Watson Public from $366.00 to $379.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Willis Towers Watson Public presently has an average rating of “Moderate Buy” and an average price target of $372.71.

Willis Towers Watson Public Profile

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.