Tempo Wealth LLC Buys New Shares in Willis Towers Watson Public Limited Company $WTW

Tempo Wealth LLC purchased a new position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,178 shares of the company’s stock, valued at approximately $1,044,000.

A number of other large investors have also recently made changes to their positions in the business. Dodge & Cox lifted its position in Willis Towers Watson Public by 90.7% in the 4th quarter. Dodge & Cox now owns 6,925,525 shares of the company’s stock valued at $2,275,728,000 after acquiring an additional 3,293,334 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Willis Towers Watson Public by 23.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,505,195 shares of the company’s stock worth $1,151,808,000 after purchasing an additional 664,202 shares in the last quarter. Invesco Ltd. raised its stake in shares of Willis Towers Watson Public by 2.7% in the fourth quarter. Invesco Ltd. now owns 2,212,870 shares of the company’s stock worth $727,149,000 after purchasing an additional 57,162 shares during the last quarter. Norges Bank bought a new position in shares of Willis Towers Watson Public in the fourth quarter valued at approximately $511,151,000. Finally, Baupost Group LLC MA lifted its holdings in shares of Willis Towers Watson Public by 24.7% in the fourth quarter. Baupost Group LLC MA now owns 1,357,601 shares of the company’s stock valued at $446,108,000 after purchasing an additional 268,536 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Lucy Clarke purchased 1,896 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were purchased at an average price of $263.37 per share, with a total value of $499,349.52. Following the transaction, the insider directly owned 22,717 shares of the company’s stock, valued at approximately $5,982,976.29. This represents a 9.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

WTW has been the subject of several recent research reports. Truist Financial upgraded Willis Towers Watson Public to a “strong-buy” rating in a report on Thursday, April 30th. Piper Sandler cut their price objective on shares of Willis Towers Watson Public from $341.00 to $283.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Keefe, Bruyette & Woods reduced their target price on shares of Willis Towers Watson Public from $384.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. Weiss Ratings downgraded shares of Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 15th. Finally, BMO Capital Markets raised shares of Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $347.00 to $300.00 in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $350.00.

Willis Towers Watson Public Stock Down 1.9%

Willis Towers Watson Public stock opened at $255.20 on Friday. Willis Towers Watson Public Limited Company has a twelve month low of $240.61 and a twelve month high of $352.79. The firm has a 50 day moving average price of $267.07 and a 200-day moving average price of $295.61. The company has a market capitalization of $24.10 billion, a P/E ratio of 14.88, a P/E/G ratio of 0.83 and a beta of 0.43. 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 (NASDAQ:WTW) last posted its quarterly earnings results on Friday, May 1st. The company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the firm posted $3.13 EPS. Willis Towers Watson Public’s revenue was up 8.5% on a year-over-year basis. As a group, equities analysts predict that Willis Towers Watson Public Limited Company will post 19.53 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced 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 dividend yield of 1.5%. Willis Towers Watson Public’s payout ratio is presently 22.39%.

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.