Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,086 shares of the company's stock after selling 4,229 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Willis Towers Watson Public were worth $11,930,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in WTW. Timber Creek Capital Management LLC boosted its holdings in Willis Towers Watson Public by 11.4% in the third quarter. Timber Creek Capital Management LLC now owns 19,099 shares of the company's stock valued at $5,625,000 after purchasing an additional 1,957 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Willis Towers Watson Public by 28.3% in the third quarter. Intech Investment Management LLC now owns 104,414 shares of the company's stock valued at $30,753,000 after purchasing an additional 23,001 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in Willis Towers Watson Public by 71.7% in the third quarter. OneDigital Investment Advisors LLC now owns 6,644 shares of the company's stock valued at $1,957,000 after purchasing an additional 2,775 shares in the last quarter. Atom Investors LP boosted its holdings in Willis Towers Watson Public by 64.0% in 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Willis Towers Watson Public by 24.9% in the third quarter. JPMorgan Chase & Co. now owns 187,267 shares of the company's stock valued at $55,156,000 after purchasing an additional 37,340 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.
Willis Towers Watson Public Stock Down 1.7 %
Willis Towers Watson Public stock opened at $321.10 on Thursday. 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 firm has a market capitalization of $32.01 billion, a price-to-earnings ratio of -321.10, a price-to-earnings-growth ratio of 2.95 and a beta of 0.71. Willis Towers Watson Public Limited has a fifty-two week low of $245.04 and a fifty-two week high of $344.14. The stock's fifty day moving average is $323.44 and its two-hundred day moving average is $309.96.
Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $8.13 earnings per share for the quarter, beating the consensus estimate of $8.01 by $0.12. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.05 billion. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. Willis Towers Watson Public's revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.44 earnings per share. 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 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 is a positive change from Willis Towers Watson Public's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.68 annualized dividend and a yield of 1.15%. Willis Towers Watson Public's dividend payout ratio is -368.00%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. Evercore ISI raised Willis Towers Watson Public from an "in-line" rating to an "outperform" rating and upped their price target for the company from $357.00 to $373.00 in a report on Wednesday, January 8th. Truist Financial reiterated a "buy" rating and issued a $380.00 price objective (up previously from $365.00) on shares of Willis Towers Watson Public in a research note on Wednesday, December 4th. Jefferies Financial Group upgraded Willis Towers Watson Public from a "hold" rating to a "buy" rating and boosted their price objective for the company from $352.00 to $382.00 in a research note on Friday, December 20th. Barclays boosted their price objective on Willis Towers Watson Public from $278.00 to $302.00 and gave the company an "underweight" rating in a research note on Thursday, November 21st. 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 note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Willis Towers Watson Public currently has a consensus rating of "Moderate Buy" and an average price target of $342.08.
Read Our Latest Analysis on Willis Towers Watson Public
Insider Buying and Selling at Willis Towers Watson Public
In related news, insider Julie Jarecke Gebauer sold 3,384 shares of the stock in a transaction on Friday, February 28th. The stock was 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 $24,986,996.09. This trade represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.22% of the stock is owned by corporate insiders.
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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