CI Investments Inc. Has $23.88 Million Stock Holdings in Willis Towers Watson Public Limited Company $WTW

CI Investments Inc. decreased its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 5.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,131 shares of the company’s stock after selling 3,782 shares during the quarter. CI Investments Inc.’s holdings in Willis Towers Watson Public were worth $23,881,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Willis Towers Watson Public by 0.9% in the third quarter. Vanguard Group Inc. now owns 11,372,970 shares of the company’s stock worth $3,928,792,000 after acquiring an additional 103,784 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Willis Towers Watson Public by 2.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,238,308 shares of the company’s stock worth $1,912,041,000 after purchasing an additional 146,104 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Willis Towers Watson Public by 1.8% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,579,098 shares of the company’s stock worth $1,096,994,000 after purchasing an additional 62,570 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Willis Towers Watson Public by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,591,115 shares of the company’s stock worth $790,908,000 after purchasing an additional 19,384 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Willis Towers Watson Public by 4.8% during the 2nd quarter. Invesco Ltd. now owns 2,279,417 shares of the company’s stock valued at $698,642,000 after buying an additional 103,695 shares during the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on WTW shares. TD Cowen cut their price objective on shares of Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Citigroup increased their price target on shares of 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. Mizuho cut their price target on shares of Willis Towers Watson Public from $392.00 to $358.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Wall Street Zen upgraded shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Evercore increased their target price on shares of Willis Towers Watson Public from $383.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Willis Towers Watson Public presently has an average rating of “Moderate Buy” and a consensus target price of $371.50.

Willis Towers Watson Public Stock Performance

Shares of WTW opened at $303.07 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.21 and a quick ratio of 2.21. Willis Towers Watson Public Limited Company has a one year low of $275.60 and a one year high of $352.79. The company’s fifty day moving average price is $316.61 and its 200 day moving average price is $324.89. The company has a market capitalization of $28.66 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.36 and a beta of 0.62.

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

Willis Towers Watson Public Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.92. The ex-dividend date is Tuesday, March 31st. Willis Towers Watson Public’s dividend payout ratio is presently 22.47%.

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.