M&G PLC Sells 6,080 Shares of Willis Towers Watson Public Limited Company $WTW

M&G PLC trimmed its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 14.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,098 shares of the company’s stock after selling 6,080 shares during the quarter. M&G PLC’s holdings in Willis Towers Watson Public were worth $12,454,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new position in shares of Willis Towers Watson Public during the third quarter worth $25,000. SOA Wealth Advisors LLC. lifted its stake in Willis Towers Watson Public by 8,200.0% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 83 shares of the company’s stock worth $29,000 after purchasing an additional 82 shares in the last quarter. Quent Capital LLC bought a new position in shares of Willis Towers Watson Public during the 3rd quarter valued at about $34,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Willis Towers Watson Public during the second quarter valued at about $39,000. Finally, Motco grew its position in shares of Willis Towers Watson Public by 1,933.3% during the third quarter. Motco now owns 122 shares of the company’s stock valued at $42,000 after purchasing an additional 116 shares in the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WTW has been the topic of a number of research reports. Mizuho assumed coverage on Willis Towers Watson Public in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $386.00 price objective on the stock. Keefe, Bruyette & Woods raised their target price on shares of Willis Towers Watson Public from $375.00 to $388.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Citigroup upped their price target on shares of Willis Towers Watson Public from $351.00 to $366.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Wells Fargo & Company lifted their price objective on shares of Willis Towers Watson Public from $366.00 to $379.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Willis Towers Watson Public in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Willis Towers Watson Public has a consensus rating of “Moderate Buy” and a consensus price target of $374.57.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ:WTW opened at $287.74 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 1.69 and a debt-to-equity ratio of 0.71. Willis Towers Watson Public Limited Company has a 12 month low of $275.60 and a 12 month high of $352.79. The company has a market capitalization of $27.55 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.30 and a beta of 0.62. The firm’s 50-day moving average is $322.74 and its 200 day moving average is $326.95.

Willis Towers Watson Public (NASDAQ:WTW) last announced its earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.93 by $0.19. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.The business had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the previous year, the business earned $8.13 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. Research analysts predict that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.92 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $3.68 dividend on an annualized basis and a yield of 1.3%. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 22.47%.

Willis Towers Watson Public Company Profile

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.