Deutsche Bank AG raised its stake in Willis Towers Watson Public Limited (NASDAQ:WTW – Free Report) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 375,675 shares of the company’s stock after buying an additional 60,167 shares during the period. Deutsche Bank AG owned approximately 0.37% of Willis Towers Watson Public worth $117,676,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Willis Towers Watson Public by 12.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 337 shares of the company’s stock valued at $106,000 after purchasing an additional 38 shares during the last quarter. Forum Financial Management LP raised its holdings in Willis Towers Watson Public by 3.8% during the 4th quarter. Forum Financial Management LP now owns 1,197 shares of the company’s stock worth $375,000 after buying an additional 44 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Willis Towers Watson Public by 2.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,013 shares of the company’s stock valued at $631,000 after buying an additional 47 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Willis Towers Watson Public by 10.4% in the fourth quarter. UMB Bank n.a. now owns 520 shares of the company’s stock worth $163,000 after buying an additional 49 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in shares of Willis Towers Watson Public by 4.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 1,117 shares of the company’s stock worth $350,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on WTW shares. Barclays upped their price target on shares of Willis Towers Watson Public from $302.00 to $316.00 and gave the company an “underweight” rating in a research report on Friday, April 11th. UBS Group upgraded Willis Towers Watson Public from a “neutral” rating to a “buy” rating and increased their target price for the company from $344.00 to $395.00 in a report on Tuesday, March 18th. Wells Fargo & Company lowered their price target on Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods reduced their price objective on Willis Towers Watson Public from $371.00 to $366.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Finally, Jefferies Financial Group decreased their price objective on Willis Towers Watson Public from $373.00 to $371.00 and set a “buy” rating for the company in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $351.55.
Insider Buying and Selling at Willis Towers Watson Public
In other news, insider Julie Jarecke Gebauer sold 3,384 shares of the business’s stock in a transaction 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 in the company, valued at approximately $24,986,996.09. The trade was a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.32% of the company’s stock.
Willis Towers Watson Public Stock Down 0.0 %
Shares of Willis Towers Watson Public stock opened at $309.05 on Friday. The firm has a market cap of $30.64 billion, a price-to-earnings ratio of -309.05, a P/E/G ratio of 2.95 and a beta of 0.73. The stock has a 50-day simple moving average of $321.46 and a 200-day simple moving average of $318.64. 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 current ratio of 1.98 and a quick ratio of 1.72.
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $3.13 EPS for the quarter, missing the consensus estimate 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 business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the firm earned $3.13 earnings per share. The business’s revenue was down 5.0% on a year-over-year basis. On average, equities research analysts expect 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 was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.19%. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.88. The ex-dividend date was Monday, March 31st. Willis Towers Watson Public’s dividend payout ratio is presently -736.00%.
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.
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