Louisbourg Investments Inc. Buys 3,773 Shares of Willis Towers Watson Public Limited Company $WTW

Louisbourg Investments Inc. grew its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 20.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,466 shares of the company’s stock after acquiring an additional 3,773 shares during the quarter. Willis Towers Watson Public accounts for approximately 1.2% of Louisbourg Investments Inc.’s portfolio, making the stock its 26th largest holding. Louisbourg Investments Inc.’s holdings in Willis Towers Watson Public were worth $6,531,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC raised its holdings in shares of Willis Towers Watson Public by 375.0% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock valued at $25,000 after purchasing an additional 60 shares during the last quarter. Fideuram Asset Management Ireland dac purchased a new position in Willis Towers Watson Public during the fourth quarter worth about $28,000. Larson Financial Group LLC boosted its holdings in Willis Towers Watson Public by 72.5% during the fourth quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after purchasing an additional 37 shares during the last quarter. MV Capital Management Inc. bought a new stake in Willis Towers Watson Public in the 4th quarter worth about $29,000. Finally, Reflection Asset Management bought a new stake in Willis Towers Watson Public in the 4th quarter worth about $31,000. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Price Performance

WTW opened at $265.43 on Friday. The firm has a 50-day moving average price of $263.53 and a 200-day moving average price of $293.24. Willis Towers Watson Public Limited Company has a twelve month low of $240.61 and a twelve month high of $352.79. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $25.07 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 0.85 and a beta of 0.43.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Friday, May 1st. The company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.65 by $0.07. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The company had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the company posted $3.13 EPS. Willis Towers Watson Public’s revenue was up 8.5% compared to the same quarter last year. Equities analysts expect that Willis Towers Watson Public Limited Company will post 19.52 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, June 30th. This represents a $3.84 annualized dividend and a dividend yield of 1.4%. Willis Towers Watson Public’s dividend payout ratio is currently 22.39%.

Analysts Set New Price Targets

Several research firms have commented on WTW. UBS Group dropped their target price on shares of Willis Towers Watson Public from $400.00 to $374.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Barclays reduced their target price on Willis Towers Watson Public from $341.00 to $322.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Keefe, Bruyette & Woods dropped their price target on Willis Towers Watson Public from $384.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, May 12th. Morgan Stanley cut their price objective on Willis Towers Watson Public from $330.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Finally, Truist Financial upgraded Willis Towers Watson Public to a “strong-buy” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $350.00.

Insider Activity at Willis Towers Watson Public

In related news, insider Lucy Clarke purchased 1,896 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was purchased at an average cost of $263.37 per share, with a total value of $499,349.52. Following the completion of the acquisition, the insider directly owned 22,717 shares of the company’s stock, valued at approximately $5,982,976.29. The trade was a 9.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.40% of the stock is owned by insiders.

About Willis Towers Watson Public

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.