Envestnet Asset Management Inc. Buys 217 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Envestnet Asset Management Inc. grew its position in Willis Towers Watson Public Limited (NASDAQ:WTW) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,958 shares of the company’s stock after purchasing an additional 217 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Willis Towers Watson Public were worth $33,503,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WTW. JPMorgan Chase & Co. boosted its stake in Willis Towers Watson Public by 24.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 187,267 shares of the company’s stock valued at $55,156,000 after purchasing an additional 37,340 shares during the period. Everence Capital Management Inc. bought a new stake in shares of Willis Towers Watson Public in the fourth quarter valued at approximately $993,000. Sanctuary Advisors LLC grew its stake in shares of Willis Towers Watson Public by 2.7% in the fourth quarter. Sanctuary Advisors LLC now owns 4,135 shares of the company’s stock worth $1,364,000 after acquiring an additional 109 shares during the last quarter. World Investment Advisors LLC acquired a new position in Willis Towers Watson Public during the 3rd quarter valued at $39,999,000. Finally, Oliver Luxxe Assets LLC raised its stake in Willis Towers Watson Public by 146.4% during the 4th quarter. Oliver Luxxe Assets LLC now owns 12,932 shares of the company’s stock valued at $4,051,000 after purchasing an additional 7,683 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Trading Up 1.6 %

Shares of Willis Towers Watson Public stock opened at $321.74 on Friday. Willis Towers Watson Public Limited has a 12-month low of $245.04 and a 12-month high of $344.14. The stock has a market capitalization of $32.08 billion, a P/E ratio of -321.74, a price-to-earnings-growth ratio of 2.95 and a beta of 0.68. The company has a 50-day simple moving average of $326.95 and a 200 day simple moving average of $315.69. The company has a quick ratio of 1.72, a current ratio of 1.98 and a debt-to-equity ratio of 0.66.

Willis Towers Watson Public (NASDAQ:WTW) last posted 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. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter last year, the business posted $7.44 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. Research analysts expect that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.92 dividend. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.68 annualized dividend and a yield of 1.14%. Willis Towers Watson Public’s payout ratio is presently -368.00%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of Willis Towers Watson Public from $302.00 to $316.00 and gave the stock an “underweight” rating in a report on Friday. Wells Fargo & Company cut their price target on Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. UBS Group raised Willis Towers Watson Public from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $344.00 to $395.00 in a report on Tuesday, March 18th. Evercore ISI upgraded Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and upped their target price for the company from $357.00 to $373.00 in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group decreased their price target on shares of Willis Towers Watson Public from $373.00 to $371.00 and set a “buy” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $346.38.

Insiders Place Their Bets

In other Willis Towers Watson Public news, insider Julie Jarecke Gebauer sold 3,384 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were 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 directly owns 74,417 shares of the company’s stock, valued at approximately $24,986,996.09. The trade was a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.

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.