NewEdge Advisors LLC grew its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 143.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,406 shares of the company's stock after acquiring an additional 1,416 shares during the quarter. NewEdge Advisors LLC's holdings in Willis Towers Watson Public were worth $754,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new position in Willis Towers Watson Public in the 4th quarter worth about $484,210,000. FMR LLC increased its stake in shares of Willis Towers Watson Public by 52.4% in the fourth quarter. FMR LLC now owns 3,682,939 shares of the company's stock valued at $1,153,644,000 after buying an additional 1,266,484 shares during the period. Wellington Management Group LLP raised its holdings in Willis Towers Watson Public by 6,676.1% in the 4th quarter. Wellington Management Group LLP now owns 988,430 shares of the company's stock valued at $309,616,000 after buying an additional 973,843 shares during the last quarter. Proficio Capital Partners LLC boosted its position in Willis Towers Watson Public by 33,979.6% during the 4th quarter. Proficio Capital Partners LLC now owns 458,370 shares of the company's stock worth $143,580,000 after buying an additional 457,025 shares during the period. Finally, Invesco Ltd. grew its holdings in Willis Towers Watson Public by 14.7% during the 4th quarter. Invesco Ltd. now owns 2,228,497 shares of the company's stock worth $698,055,000 after acquiring an additional 285,497 shares during the last quarter. Institutional investors own 93.09% of the company's stock.
Willis Towers Watson Public Price Performance
Willis Towers Watson Public stock opened at $302.19 on Friday. The stock has a market capitalization of $30.13 billion, a price-to-earnings ratio of -302.19, a PEG ratio of 2.95 and a beta of 0.68. Willis Towers Watson Public Limited has a 52-week low of $248.09 and a 52-week high of $344.14. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.72 and a current ratio of 1.98. The stock's 50 day moving average price is $326.46 and its two-hundred day moving average price is $317.52.
Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $3.13 EPS for the quarter, missing analysts' consensus estimates of $3.27 by ($0.14). Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.29 billion. On average, equities analysts predict that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current year.
Willis Towers Watson Public Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.22%. This is a positive change from Willis Towers Watson Public's previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Monday, March 31st. Willis Towers Watson Public's payout ratio is presently -736.00%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on WTW shares. Wells Fargo & Company dropped their price target on shares of Willis Towers Watson Public from $380.00 to $345.00 and set an "overweight" rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $387.00 target price on shares of Willis Towers Watson Public in a report on Wednesday, April 9th. UBS Group raised Willis Towers Watson Public from a "neutral" rating to a "buy" rating and increased their price target for the company from $344.00 to $395.00 in a research note on Tuesday, March 18th. Evercore ISI raised Willis Towers Watson Public from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $357.00 to $373.00 in a research note on Wednesday, January 8th. Finally, Barclays upped their target price on Willis Towers Watson Public from $302.00 to $316.00 and gave the company an "underweight" rating in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Willis Towers Watson Public currently has a consensus rating of "Moderate Buy" and an average target price of $350.00.
Check Out Our Latest Report on WTW
Insider Buying and Selling
In other Willis Towers Watson Public news, insider Julie Jarecke Gebauer sold 3,384 shares of the company'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 transaction, the insider now owns 74,417 shares in the company, valued at approximately $24,986,996.09. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.32% of the stock is owned by company insiders.
About Willis Towers Watson Public
(
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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