Marks Group Wealth Management Inc Buys Shares of 4,141 Willis Towers Watson Public Limited Company $WTW

Marks Group Wealth Management Inc bought a new stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) in the fourth quarter, Holdings Channel reports. The fund bought 4,141 shares of the company’s stock, valued at approximately $1,361,000.

A number of other institutional investors and hedge funds have also made changes to their positions in WTW. Dodge & Cox increased its stake in shares of Willis Towers Watson Public by 184.1% during the third quarter. Dodge & Cox now owns 3,632,191 shares of the company’s stock valued at $1,254,740,000 after purchasing an additional 2,353,768 shares in the last quarter. Norges Bank bought a new position in shares of Willis Towers Watson Public during the fourth quarter valued at approximately $511,151,000. Alliancebernstein L.P. increased its stake in shares of Willis Towers Watson Public by 80.2% during the second quarter. Alliancebernstein L.P. now owns 1,038,275 shares of the company’s stock valued at $318,231,000 after purchasing an additional 462,249 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Willis Towers Watson Public by 56.8% during the second quarter. Bank of America Corp DE now owns 745,074 shares of the company’s stock valued at $228,365,000 after purchasing an additional 269,794 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in shares of Willis Towers Watson Public by 546.4% during the third quarter. Tidal Investments LLC now owns 255,679 shares of the company’s stock valued at $88,324,000 after purchasing an additional 216,124 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on WTW. Barclays decreased their target price on shares of Willis Towers Watson Public from $341.00 to $322.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Citigroup raised shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a research report on Wednesday, May 6th. Weiss Ratings downgraded shares of Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Keefe, Bruyette & Woods reduced their price target on shares of Willis Towers Watson Public from $384.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. Finally, Cantor Fitzgerald reduced their price target on shares of Willis Towers Watson Public from $363.00 to $354.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $350.00.

Insider Buying and Selling

In related news, insider Lucy Clarke purchased 1,896 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were acquired at an average price of $263.37 per share, for a total transaction of $499,349.52. Following the purchase, the insider directly owned 22,717 shares in the company, valued at $5,982,976.29. This trade represents a 9.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by insiders.

Willis Towers Watson Public Trading Up 1.2%

Shares of Willis Towers Watson Public stock opened at $261.16 on Wednesday. The company has a market capitalization of $24.67 billion, a P/E ratio of 15.23, a P/E/G ratio of 0.83 and a beta of 0.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.92 and a current ratio of 2.92. The company has a fifty day moving average of $271.10 and a 200 day moving average of $298.51. Willis Towers Watson Public Limited Company has a fifty-two week low of $240.61 and a fifty-two week high of $352.79.

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

Willis Towers Watson Public Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $3.84 annualized dividend and a yield of 1.5%. Willis Towers Watson Public’s payout ratio is presently 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.