Lee Danner & Bass Inc. bought a new position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 365 shares of the company’s stock, valued at approximately $114,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of WTW. GSA Capital Partners LLP purchased a new position in shares of Willis Towers Watson Public in the 3rd quarter worth about $262,000. Empowered Funds LLC boosted its holdings in shares of Willis Towers Watson Public by 2.8% in the 3rd quarter. Empowered Funds LLC now owns 4,417 shares of the company’s stock worth $1,301,000 after purchasing an additional 120 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Willis Towers Watson Public by 0.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,240 shares of the company’s stock worth $4,194,000 after purchasing an additional 130 shares in the last quarter. Pathstone Holdings LLC boosted its holdings in shares of Willis Towers Watson Public by 3.6% in the 3rd quarter. Pathstone Holdings LLC now owns 7,757 shares of the company’s stock worth $2,286,000 after purchasing an additional 270 shares in the last quarter. Finally, Caprock Group LLC boosted its holdings in shares of Willis Towers Watson Public by 22.7% in the 3rd quarter. Caprock Group LLC now owns 1,258 shares of the company’s stock worth $372,000 after purchasing an additional 233 shares in the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Willis Towers Watson Public from $378.00 to $387.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. UBS Group upgraded Willis Towers Watson Public from a “neutral” rating to a “buy” rating and raised their price target for the stock from $344.00 to $395.00 in a research report on Tuesday. Jefferies Financial Group upgraded Willis Towers Watson Public from a “hold” rating to a “buy” rating and raised their price target for the stock from $352.00 to $382.00 in a research report on Friday, December 20th. Wells Fargo & Company reduced their price target on Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, Evercore ISI upgraded Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $357.00 to $373.00 in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $346.15.
Insider Activity
In other news, insider Julie Jarecke Gebauer sold 3,384 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $335.77, for a total value of $1,136,245.68. Following the completion of the transaction, the insider now owns 74,417 shares in the company, valued at $24,986,996.09. This trade represents a 4.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.22% of the stock is currently owned by company insiders.
Willis Towers Watson Public Trading Down 0.5 %
NASDAQ WTW opened at $332.71 on Friday. Willis Towers Watson Public Limited has a fifty-two week low of $245.04 and a fifty-two week high of $344.14. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.72 and a current ratio of 1.98. The stock has a 50 day simple moving average of $326.11 and a two-hundred day simple moving average of $311.77. The stock has a market cap of $33.17 billion, a P/E ratio of -332.71, a price-to-earnings-growth ratio of 2.95 and a beta of 0.71.
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $8.13 earnings per share for the quarter, topping the consensus estimate of $8.01 by $0.12. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $7.44 EPS. On average, analysts forecast that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current year.
Willis Towers Watson Public Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.88. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently -368.00%.
Willis Towers Watson Public Profile
Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.
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