Allstate Corp Makes New Investment in Willis Towers Watson Public Limited (NASDAQ:WTW)

Allstate Corp bought a new position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,219 shares of the company's stock, valued at approximately $1,008,000.

Other large investors also recently bought and sold shares of the company. Timber Creek Capital Management LLC grew its position in shares of Willis Towers Watson Public by 11.4% during the 3rd quarter. Timber Creek Capital Management LLC now owns 19,099 shares of the company's stock valued at $5,625,000 after buying an additional 1,957 shares during the last quarter. Atom Investors LP grew its holdings in shares of Willis Towers Watson Public by 64.0% during the third quarter. Atom Investors LP now owns 8,014 shares of the company's stock valued at $2,360,000 after purchasing an additional 3,126 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Willis Towers Watson Public by 24.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 187,267 shares of the company's stock worth $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 4th quarter worth approximately $993,000. Finally, Sanctuary Advisors LLC boosted its position in Willis Towers Watson Public by 2.7% during the 4th quarter. Sanctuary Advisors LLC now owns 4,135 shares of the company's stock valued at $1,364,000 after purchasing an additional 109 shares during the period. Institutional investors own 93.09% of the company's stock.

Willis Towers Watson Public Price Performance

NASDAQ:WTW traded down $14.58 during trading hours on Friday, reaching $317.83. 325,801 shares of the company's stock were exchanged, compared to its average volume of 543,920. The company has a quick ratio of 1.72, a current ratio of 1.98 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $31.69 billion, a P/E ratio of -318.85, a price-to-earnings-growth ratio of 2.95 and a beta of 0.71. Willis Towers Watson Public Limited has a 12 month low of $245.04 and a 12 month high of $344.14. The business's 50-day simple moving average is $329.57 and its two-hundred day simple moving average is $314.62.

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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. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period last year, the company posted $7.44 EPS. The company's revenue was up 4.2% compared to the same quarter last year. Sell-side analysts expect that Willis Towers Watson Public Limited will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.16%. This is a boost from Willis Towers Watson Public's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Monday, March 31st. Willis Towers Watson Public's dividend payout ratio (DPR) is presently -368.00%.

Analysts Set New Price Targets

WTW has been the topic of several analyst reports. Raymond James raised Willis Towers Watson Public from an "outperform" rating to a "strong-buy" rating and increased their target price for the stock from $365.00 to $400.00 in a research report on Thursday, December 5th. Evercore ISI raised shares of Willis Towers Watson Public from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $357.00 to $373.00 in a report on Wednesday, January 8th. UBS Group raised shares of Willis Towers Watson Public from a "neutral" rating to a "buy" rating and boosted their target price for the company from $344.00 to $395.00 in a research note on Tuesday, March 18th. Keefe, Bruyette & Woods raised their price target on shares of Willis Towers Watson Public from $378.00 to $387.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company reduced their price objective on Willis Towers Watson Public from $380.00 to $345.00 and set an "overweight" rating for the company in a research report on Tuesday, January 14th. One research 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 has an average rating of "Moderate Buy" and an average target price of $346.15.

Insider Activity

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 stock was sold at an average price of $335.77, for a total value of $1,136,245.68. Following the transaction, the insider now owns 74,417 shares in the company, valued at $24,986,996.09. The trade was a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.22% of the stock is owned by company insiders.

About Willis Towers Watson Public

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.