Pictet Asset Management Holding SA Buys 14,299 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Pictet Asset Management Holding SA raised its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 21.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,835 shares of the company’s stock after acquiring an additional 14,299 shares during the period. Pictet Asset Management Holding SA owned approximately 0.08% of Willis Towers Watson Public worth $25,634,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Y.D. More Investments Ltd raised its stake in Willis Towers Watson Public by 121.1% in the 4th quarter. Y.D. More Investments Ltd now owns 126 shares of the company’s stock worth $39,000 after purchasing an additional 69 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Willis Towers Watson Public in the fourth quarter valued at approximately $49,000. Versant Capital Management Inc boosted its stake in shares of Willis Towers Watson Public by 95.5% in the fourth quarter. Versant Capital Management Inc now owns 174 shares of the company’s stock valued at $55,000 after buying an additional 85 shares during the period. Golden State Wealth Management LLC acquired a new stake in Willis Towers Watson Public during the fourth quarter worth approximately $72,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Willis Towers Watson Public during the 4th quarter worth $76,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insider Buying and Selling

In other Willis Towers Watson Public news, insider Julie Jarecke Gebauer sold 3,384 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 74,417 shares in the company, valued at approximately $24,986,996.09. This trade represents a 4.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on WTW. Evercore ISI raised Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $357.00 to $373.00 in a report on Wednesday, January 8th. Truist Financial reissued a “buy” rating and issued a $380.00 target price (up from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. Raymond James raised shares of Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $365.00 to $400.00 in a report on Thursday, December 5th. Wells Fargo & Company decreased their price objective on shares of Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, UBS Group upgraded Willis Towers Watson Public from a “neutral” rating to a “buy” rating and upped their target price for the stock from $344.00 to $395.00 in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Willis Towers Watson Public has an average rating of “Moderate Buy” and an average target price of $346.15.

Willis Towers Watson Public Price Performance

Willis Towers Watson Public stock opened at $337.95 on Tuesday. The stock has a 50-day moving average price of $328.68 and a two-hundred day moving average price of $314.01. Willis Towers Watson Public Limited has a 12 month low of $245.04 and a 12 month high of $344.14. The company has a market capitalization of $33.69 billion, a PE ratio of -337.95, a P/E/G ratio of 2.95 and a beta of 0.71. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $8.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.01 by $0.12. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter last year, the business earned $7.44 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Analysts expect that Willis Towers Watson Public Limited will post 17.32 EPS for the current year.

Willis Towers Watson Public Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.09%. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Monday, March 31st. Willis Towers Watson Public’s dividend payout ratio is presently -368.00%.

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.