Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Holdings in Willis Towers Watson Public Limited Company $WTW

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,833 shares of the company’s stock after purchasing an additional 3,454 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.21% of Willis Towers Watson Public worth $67,996,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Heartland Advisors Inc. lifted its position in shares of Willis Towers Watson Public by 25.4% during the third quarter. Heartland Advisors Inc. now owns 23,959 shares of the company’s stock worth $8,277,000 after purchasing an additional 4,859 shares during the last quarter. Wealthfront Advisers LLC raised its stake in Willis Towers Watson Public by 48.3% during the third quarter. Wealthfront Advisers LLC now owns 17,840 shares of the company’s stock valued at $6,163,000 after buying an additional 5,813 shares in the last quarter. First Horizon Corp bought a new position in Willis Towers Watson Public during the 3rd quarter worth approximately $651,000. Capital Fund Management S.A. acquired a new position in shares of Willis Towers Watson Public in the 2nd quarter worth approximately $9,570,000. Finally, Figure 8 Investment Strategies LLC bought a new stake in shares of Willis Towers Watson Public in the 3rd quarter valued at approximately $1,959,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WTW has been the topic of several research analyst reports. UBS Group raised their price objective on Willis Towers Watson Public from $398.00 to $409.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Wall Street Zen upgraded shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Barclays lifted their price target on shares of Willis Towers Watson Public from $303.00 to $318.00 and gave the company an “underweight” rating in a report on Thursday, January 8th. Truist Financial boosted their price objective on shares of Willis Towers Watson Public from $380.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Willis Towers Watson Public in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Willis Towers Watson Public presently has a consensus rating of “Moderate Buy” and an average price target of $371.50.

Willis Towers Watson Public Stock Down 1.0%

WTW stock opened at $305.17 on Friday. The stock has a market cap of $28.85 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.39 and a beta of 0.62. The firm’s 50-day simple moving average is $317.76 and its 200 day simple moving average is $325.37. Willis Towers Watson Public Limited Company has a fifty-two week low of $275.60 and a fifty-two week high of $352.79. The company has a quick ratio of 1.69, a current ratio of 2.21 and a debt-to-equity ratio of 0.71.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Tuesday, February 3rd. The company reported $8.12 EPS for the quarter, topping the consensus estimate of $7.93 by $0.19. The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Willis Towers Watson Public had a net margin of 16.53% and a return on equity of 20.91%. Willis Towers Watson Public’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.13 EPS. As a group, sell-side analysts predict that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.92. 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.