Prudential Financial Inc. lessened its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 31.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,069 shares of the company's stock after selling 10,800 shares during the period. Prudential Financial Inc.'s holdings in Willis Towers Watson Public were worth $7,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WTW. Y.D. More Investments Ltd increased its holdings in shares of Willis Towers Watson Public by 121.1% during the 4th quarter. Y.D. More Investments Ltd now owns 126 shares of the company's stock valued at $39,000 after purchasing an additional 69 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Willis Towers Watson Public during the 4th quarter valued at approximately $49,000. Versant Capital Management Inc grew its stake in Willis Towers Watson Public by 95.5% in the 4th quarter. Versant Capital Management Inc now owns 174 shares of the company's stock valued at $55,000 after acquiring an additional 85 shares during the period. Golden State Wealth Management LLC purchased a new stake in Willis Towers Watson Public in the 4th quarter worth $72,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Willis Towers Watson Public during the fourth quarter valued at $76,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.
Willis Towers Watson Public Stock Performance
Shares of NASDAQ:WTW traded down $1.33 during midday trading on Thursday, hitting $336.10. The stock had a trading volume of 150,305 shares, compared to its average volume of 541,787. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average price of $329.30 and a two-hundred day moving average price of $314.49. Willis Towers Watson Public Limited has a 1 year low of $245.04 and a 1 year high of $344.14. The company has a market capitalization of $33.51 billion, a PE ratio of -336.10, a P/E/G ratio of 2.95 and a beta of 0.71.
Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $8.13 EPS for the quarter, beating the consensus estimate of $8.01 by $0.12. The firm had revenue of $3.04 billion during the quarter, compared to analysts' expectations of $3.05 billion. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $7.44 earnings per share. As a group, equities analysts predict that Willis Towers Watson Public Limited will post 17.32 earnings per share 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 issued a dividend of $0.92 per share. This is an increase from Willis Towers Watson Public's previous quarterly dividend of $0.88. This represents a $3.68 annualized dividend and a yield of 1.09%. The ex-dividend date is Monday, March 31st. Willis Towers Watson Public's dividend payout ratio (DPR) is -368.00%.
Insider Transactions at Willis Towers Watson Public
In other Willis Towers Watson Public news, insider Julie Jarecke Gebauer sold 3,384 shares of Willis Towers Watson Public stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $335.77, for a total value of $1,136,245.68. Following the completion of the sale, the insider now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.22% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Willis Towers Watson Public from $378.00 to $387.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Wells Fargo & Company dropped their price target 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. UBS Group raised shares of Willis Towers Watson Public from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $344.00 to $395.00 in a research note on Tuesday, March 18th. Truist Financial reiterated a "buy" rating and issued a $380.00 target price (up from $365.00) on shares of Willis Towers Watson Public in a research report on Wednesday, December 4th. Finally, Evercore ISI raised shares of Willis Towers Watson Public from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $357.00 to $373.00 in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $346.15.
Read Our Latest Stock Analysis on WTW
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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