DekaBank Deutsche Girozentrale Decreases Stake in Willis Towers Watson Public Limited (NASDAQ:WTW)

DekaBank Deutsche Girozentrale decreased its position in Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 6.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 30,437 shares of the company's stock after selling 2,099 shares during the period. DekaBank Deutsche Girozentrale's holdings in Willis Towers Watson Public were worth $8,831,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Modera Wealth Management LLC bought a new stake in shares of Willis Towers Watson Public in the 3rd quarter worth approximately $220,000. Wealth Enhancement Advisory Services LLC lifted its position in Willis Towers Watson Public by 23.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,920 shares of the company's stock valued at $1,449,000 after purchasing an additional 920 shares during the period. Forsta AP Fonden lifted its holdings in shares of Willis Towers Watson Public by 14.1% during the 3rd quarter. Forsta AP Fonden now owns 23,400 shares of the company's stock valued at $6,892,000 after buying an additional 2,900 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Willis Towers Watson Public by 31.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,553 shares of the company's stock worth $2,506,000 after purchasing an additional 2,057 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Willis Towers Watson Public by 12.5% during the third quarter. Assenagon Asset Management S.A. now owns 3,272 shares of the company's stock valued at $964,000 after buying an additional 364 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Stock Up 2.9 %

Shares of NASDAQ WTW traded up $8.65 during mid-day trading on Thursday, reaching $302.19. 1,080,765 shares of the company were exchanged, compared to its average volume of 467,597. Willis Towers Watson Public Limited has a 1 year low of $232.77 and a 1 year high of $308.87. The firm has a 50-day moving average of $291.26 and a 200 day moving average of $272.67. The stock has a market cap of $30.69 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 1.83 and a beta of 0.74. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.56.

Willis Towers Watson Public Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.16%. Willis Towers Watson Public's dividend payout ratio (DPR) is presently 33.68%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WTW shares. Morgan Stanley cut their target price on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 10th. Truist Financial raised their price target on Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods upped their price objective on Willis Towers Watson Public from $320.00 to $323.00 and gave the company an "outperform" rating in a research report on Wednesday, July 31st. Roth Mkm lifted their target price on Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Willis Towers Watson Public from $321.00 to $334.00 and gave the company an "overweight" rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $309.47.

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.