By otakuyassine3@gmail.com 
PNC Financial Services Group Inc. lifted its position in Willis Towers Watson Public Limited (NASDAQ:WTW – Free Report) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,512 shares of the company’s stock after buying an additional 105 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Willis Towers Watson Public were worth $3,606,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Y.D. More Investments Ltd lifted its stake in shares of Willis Towers Watson Public by 121.1% in the fourth quarter. Y.D. More Investments Ltd now owns 126 shares of the company’s stock worth $39,000 after buying an additional 69 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Willis Towers Watson Public during the third quarter worth $41,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Willis Towers Watson Public during the fourth quarter worth $49,000. Versant Capital Management Inc increased its position in Willis Towers Watson Public by 95.5% during the fourth quarter. Versant Capital Management Inc now owns 174 shares of the company’s stock worth $55,000 after acquiring an additional 85 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in Willis Towers Watson Public during the fourth quarter worth $72,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Willis Towers Watson Public
In related news, insider Julie Jarecke Gebauer sold 3,384 shares of the firm’s 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 completion of the sale, the insider now directly owns 74,417 shares of the company’s stock, valued at $24,986,996.09. This trade represents a 4.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.22% of the company’s stock.
Analyst Ratings Changes
WTW has been the topic of a number of research reports. Barclays boosted their target price on shares of Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st. Wells Fargo & Company dropped their target price on shares of Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Raymond James raised shares of Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $365.00 to $400.00 in a research report on Thursday, December 5th. Evercore ISI raised shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $357.00 to $373.00 in a research report on Wednesday, January 8th. Finally, Truist Financial reissued a “buy” rating and issued a $380.00 price target (up previously from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $342.08.
Check Out Our Latest Stock Analysis on WTW
Willis Towers Watson Public Trading Down 0.6 %
Shares of WTW opened at $319.10 on Friday. 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 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 simple moving average of $323.63 and a 200-day simple moving average of $310.02. The stock has a market cap of $31.81 billion, a PE ratio of -319.10, a PEG ratio of 2.95 and a beta of 0.71.
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $8.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business 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 firm posted $7.44 EPS. Willis Towers Watson Public’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, sell-side 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.15%. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.88. The ex-dividend date is Monday, March 31st. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently -368.00%.
About Willis Towers Watson Public
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.
Further Reading
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