Willis Towers Watson Public Limited Company $WTW Shares Sold by Perpetual Ltd

Perpetual Ltd cut its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 99.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 621 shares of the company’s stock after selling 87,762 shares during the period. Perpetual Ltd’s holdings in Willis Towers Watson Public were worth $204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wedmont Private Capital lifted its stake in Willis Towers Watson Public by 3.8% during the third quarter. Wedmont Private Capital now owns 919 shares of the company’s stock valued at $322,000 after purchasing an additional 34 shares during the last quarter. World Investment Advisors boosted its position in shares of Willis Towers Watson Public by 4.7% in the 3rd quarter. World Investment Advisors now owns 779 shares of the company’s stock valued at $269,000 after purchasing an additional 35 shares during the period. Ethic Inc. increased its stake in Willis Towers Watson Public by 0.3% in the 3rd quarter. Ethic Inc. now owns 14,050 shares of the company’s stock worth $4,853,000 after purchasing an additional 36 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in Willis Towers Watson Public by 1.7% in the 3rd quarter. Gateway Investment Advisers LLC now owns 2,284 shares of the company’s stock worth $789,000 after purchasing an additional 38 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Willis Towers Watson Public by 38.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after purchasing an additional 39 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Willis Towers Watson Public Stock Up 0.8%

Shares of Willis Towers Watson Public stock opened at $291.03 on Tuesday. The stock has a 50-day moving average price of $298.34 and a 200 day moving average price of $317.97. The company has a market cap of $27.42 billion, a P/E ratio of 17.77, a P/E/G ratio of 1.29 and a beta of 0.62. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.71. Willis Towers Watson Public Limited Company has a 1 year low of $275.60 and a 1 year high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $8.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $8.13 EPS. As a group, analysts expect that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.92. Willis Towers Watson Public’s payout ratio is currently 23.44%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Truist Financial lifted their price target on Willis Towers Watson Public from $380.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Citigroup lifted their price target on Willis Towers Watson Public from $351.00 to $366.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Weiss Ratings restated a “buy (b)” rating on shares of Willis Towers Watson Public in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Piper Sandler reduced their price target on shares of Willis Towers Watson Public from $365.00 to $341.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $371.36.

About Willis Towers Watson Public

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.