Mesirow Financial Investment Management Inc. lessened its stake in Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 50.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,951 shares of the company's stock after selling 3,951 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in Willis Towers Watson Public were worth $1,238,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its holdings in Willis Towers Watson Public by 22.2% in the third quarter. Farther Finance Advisors LLC now owns 237 shares of the company's stock valued at $70,000 after acquiring an additional 43 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in Willis Towers Watson Public by 13.6% in the third quarter. Concurrent Investment Advisors LLC now owns 1,067 shares of the company's stock valued at $314,000 after buying an additional 128 shares during the period. M&G PLC boosted its stake in Willis Towers Watson Public by 7.5% in the third quarter. M&G PLC now owns 49,002 shares of the company's stock valued at $14,456,000 after acquiring an additional 3,406 shares during the last quarter. Graypoint LLC grew its holdings in Willis Towers Watson Public by 9.6% during the 3rd quarter. Graypoint LLC now owns 899 shares of the company's stock worth $265,000 after acquiring an additional 79 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Willis Towers Watson Public by 6.9% during the 3rd quarter. Principal Financial Group Inc. now owns 128,273 shares of the company's stock valued at $37,780,000 after acquiring an additional 8,228 shares during the last quarter. 93.09% of the stock is owned by institutional investors.
Willis Towers Watson Public Price Performance
Shares of NASDAQ:WTW traded down $5.42 during midday trading on Wednesday, hitting $321.10. The stock had a trading volume of 647,691 shares, compared to its average volume of 504,927. 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 $32.01 billion, a P/E ratio of -321.10, a price-to-earnings-growth ratio of 2.95 and a beta of 0.71. The company's 50-day moving average price is $323.28 and its 200-day moving average price is $309.88. Willis Towers Watson Public Limited has a fifty-two week low of $245.04 and a fifty-two week high of $344.14.
Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last released its earnings results 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 firm had revenue of $3.04 billion during the quarter, compared to analysts' expectations of $3.05 billion. During the same period in the prior year, the company earned $7.44 earnings per share. The company's quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts predict that Willis Towers Watson Public Limited will post 17.32 EPS for the current fiscal year.
Willis Towers Watson Public Increases Dividend
The firm also recently announced 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 represents a $3.68 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date 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 payout ratio is currently -368.00%.
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 on Friday, February 28th. The shares were sold at an average price of $335.77, for a total transaction of $1,136,245.68. Following the sale, the insider now 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.22% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of Willis Towers Watson Public from $278.00 to $302.00 and gave the company an "underweight" rating in a research report on Thursday, November 21st. Truist Financial reissued a "buy" rating and set a $380.00 price target (up from $365.00) on shares of Willis Towers Watson Public in a research report on Wednesday, December 4th. Raymond James raised Willis Towers Watson Public from an "outperform" rating to a "strong-buy" rating and boosted their price target for the stock from $365.00 to $400.00 in a research report on Thursday, December 5th. Keefe, Bruyette & Woods raised their price objective on Willis Towers Watson Public from $378.00 to $387.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. Finally, Jefferies Financial Group raised Willis Towers Watson Public from a "hold" rating to a "buy" rating and boosted their target price for the stock from $352.00 to $382.00 in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $342.08.
Check Out Our Latest Research Report on WTW
Willis Towers Watson Public Company Profile
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Free Report)
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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