Burgundy Asset Management Ltd. Sells 16,531 Shares of Willis Towers Watson Public Limited Company $WTW

Burgundy Asset Management Ltd. lowered its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 1.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 877,476 shares of the company’s stock after selling 16,531 shares during the period. Willis Towers Watson Public makes up approximately 2.7% of Burgundy Asset Management Ltd.’s portfolio, making the stock its 3rd biggest holding. Burgundy Asset Management Ltd.’s holdings in Willis Towers Watson Public were worth $286,750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WTW. Alpine Bank Wealth Management bought a new position in shares of Willis Towers Watson Public in the third quarter valued at approximately $25,000. SOA Wealth Advisors LLC. raised its position 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 buying an additional 82 shares during the last quarter. Raiffeisen Bank International AG bought a new position in Willis Towers Watson Public during the 3rd quarter valued at $31,000. Quent Capital LLC purchased a new position in Willis Towers Watson Public during the 3rd quarter worth $34,000. Finally, Motco grew its stake in shares of Willis Towers Watson Public by 1,933.3% in the 3rd quarter. Motco now owns 122 shares of the company’s stock worth $42,000 after acquiring an additional 116 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Willis Towers Watson Public Price Performance

Shares of NASDAQ:WTW opened at $304.49 on Thursday. The firm has a market capitalization of $28.79 billion, a PE ratio of 18.59, a P/E/G ratio of 1.35 and a beta of 0.62. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average price of $316.02 and a two-hundred day moving average price of $324.75. Willis Towers Watson Public Limited Company has a twelve month low of $275.60 and a twelve month high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $8.12 EPS for the quarter, beating analysts’ consensus estimates of $7.93 by $0.19. Willis Towers Watson Public had a net margin of 16.53% and a return on equity of 20.91%. The company had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the prior year, the company posted $8.13 EPS. Willis Towers Watson Public’s revenue was down 3.3% compared to the same quarter last year. Equities analysts forecast that Willis Towers Watson Public Limited Company 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 Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.96 dividend. This represents a $3.84 annualized dividend 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 (DPR) is presently 22.47%.

Analyst Upgrades and Downgrades

WTW has been the topic of a number of recent analyst reports. Piper Sandler dropped their price target on shares of Willis Towers Watson Public from $365.00 to $341.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. Mizuho dropped their target price on shares of Willis Towers Watson Public from $392.00 to $358.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Wall Street Zen raised Willis Towers Watson Public from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Cantor Fitzgerald decreased 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 report on Wednesday, January 14th. Finally, Barclays boosted their price objective on Willis Towers Watson Public from $303.00 to $318.00 and gave the stock an “underweight” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $371.50.

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.