Allspring Global Investments Holdings LLC Sells 84,653 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 65.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,885 shares of the company's stock after selling 84,653 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Willis Towers Watson Public were worth $13,882,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WTW. Summit Trail Advisors LLC purchased a new position in shares of Willis Towers Watson Public in the 4th quarter worth about $264,000. Kingsview Wealth Management LLC boosted its holdings in shares of Willis Towers Watson Public by 7.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 33,160 shares of the company's stock worth $10,387,000 after purchasing an additional 2,198 shares in the last quarter. Cidel Asset Management Inc. purchased a new position in shares of Willis Towers Watson Public in the 4th quarter worth about $42,964,000. Generate Investment Management Ltd purchased a new position in shares of Willis Towers Watson Public in the 4th quarter worth about $13,571,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Willis Towers Watson Public in the 4th quarter worth about $72,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barclays upped their price objective on Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an "underweight" rating in a report on Thursday, November 21st. Evercore ISI upgraded Willis Towers Watson Public from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $357.00 to $373.00 in a report on Wednesday, January 8th. Truist Financial restated a "buy" rating and set a $380.00 target price (up from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. Raymond James upgraded Willis Towers Watson Public from an "outperform" rating to a "strong-buy" rating and increased their target price for the company from $365.00 to $400.00 in a report on Thursday, December 5th. Finally, Keefe, Bruyette & Woods increased their target price on Willis Towers Watson Public from $378.00 to $387.00 and gave the company an "outperform" rating in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Willis Towers Watson Public currently has an average rating of "Moderate Buy" and an average price target of $342.08.

Willis Towers Watson Public Trading Up 0.4 %

WTW traded up $1.22 during midday trading on Friday, reaching $325.95. 759,314 shares of the company's stock traded hands, compared to its average volume of 545,812. The firm has a fifty day moving average of $318.31 and a two-hundred day moving average of $304.58. The stock has a market capitalization of $32.83 billion, a price-to-earnings ratio of -325.95, a P/E/G ratio of 2.96 and a beta of 0.74. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.98 and a quick ratio of 1.72. Willis Towers Watson Public Limited has a 52 week low of $245.04 and a 52 week high of $334.99.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $8.13 EPS for the quarter, beating analysts' consensus estimates of $8.01 by $0.12. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates 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%. Willis Towers Watson Public's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.44 EPS. On average, equities analysts anticipate that Willis Towers Watson Public Limited will post 17.31 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Tuesday, December 31st. Willis Towers Watson Public's dividend payout ratio is currently -352.00%.

Willis Towers Watson Public Company 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.