Mediolanum International Funds Ltd Acquires New Position in Willis Towers Watson Public Limited Company $WTW

Mediolanum International Funds Ltd bought a new stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,907 shares of the company’s stock, valued at approximately $842,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC grew its position in Willis Towers Watson Public by 375.0% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock valued at $25,000 after acquiring an additional 60 shares during the last quarter. Cedar Mountain Advisors LLC bought a new position in shares of Willis Towers Watson Public in the first quarter worth about $27,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Willis Towers Watson Public in the 4th quarter valued at approximately $28,000. Larson Financial Group LLC grew its holdings in shares of Willis Towers Watson Public by 72.5% during the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock valued at $29,000 after purchasing an additional 37 shares during the last quarter. Finally, MV Capital Management Inc. acquired a new position in Willis Towers Watson Public during the 4th quarter worth approximately $29,000. Institutional investors own 93.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WTW shares. Barclays decreased their target price on shares of Willis Towers Watson Public from $322.00 to $303.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 7th. Citigroup raised Willis Towers Watson Public from a “neutral” rating to a “buy” rating and set a $300.00 target price for the company in a report on Wednesday, May 6th. Wells Fargo & Company increased their target price on Willis Towers Watson Public from $319.00 to $341.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Mizuho boosted their price target on Willis Towers Watson Public from $338.00 to $361.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Finally, Truist Financial upgraded shares of Willis Towers Watson Public to a “strong-buy” rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $351.80.

Insider Activity at Willis Towers Watson Public

In other news, insider Lucy Clarke bought 1,896 shares of the stock in a transaction dated Wednesday, May 6th. The shares were bought at an average cost of $263.37 per share, with a total value of $499,349.52. Following the completion of the transaction, the insider directly owned 22,717 shares of the company’s stock, valued at $5,982,976.29. This trade represents a 9.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Willis Towers Watson Public Stock Performance

NASDAQ:WTW opened at $288.82 on Wednesday. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.78. Willis Towers Watson Public Limited Company has a twelve month low of $240.61 and a twelve month high of $352.79. The company has a fifty day moving average of $266.61 and a 200-day moving average of $287.83. The firm has a market capitalization of $27.28 billion, a P/E ratio of 16.84, a P/E/G ratio of 0.95 and a beta of 0.43.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Friday, May 1st. The company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.65 by $0.07. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the firm posted $3.13 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Willis Towers Watson Public Limited Company will post 19.53 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is 22.39%.

Willis Towers Watson Public Company 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.