Pinnbrook Capital Management LP Buys Shares of 5,851 Willis Towers Watson Public Limited Company $WTW

Pinnbrook Capital Management LP purchased a new position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,851 shares of the company’s stock, valued at approximately $2,021,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. raised its holdings in Willis Towers Watson Public by 21.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,407 shares of the company’s stock worth $486,000 after purchasing an additional 252 shares during the period. Dodge & Cox increased its stake in Willis Towers Watson Public by 184.1% during the 3rd quarter. Dodge & Cox now owns 3,632,191 shares of the company’s stock worth $1,254,740,000 after purchasing an additional 2,353,768 shares in the last quarter. Glenmede Investment Management LP raised its holdings in Willis Towers Watson Public by 12.4% during the 3rd quarter. Glenmede Investment Management LP now owns 1,628 shares of the company’s stock worth $562,000 after buying an additional 180 shares during the period. Vise Technologies Inc. lifted its position in Willis Towers Watson Public by 3.1% in the 3rd quarter. Vise Technologies Inc. now owns 2,173 shares of the company’s stock valued at $751,000 after acquiring an additional 65 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in shares of Willis Towers Watson Public in the third quarter valued at about $90,000. Institutional investors own 93.09% of the company’s stock.

Wall Street Analysts Forecast Growth

WTW has been the topic of several analyst reports. Evercore boosted their price target on shares of Willis Towers Watson Public from $383.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. UBS Group raised their price objective on Willis Towers Watson Public from $398.00 to $409.00 and gave the company a “buy” rating in a report on Monday, February 9th. Truist Financial upped their target price on Willis Towers Watson Public from $380.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Keefe, Bruyette & Woods upped their price target on shares of Willis Towers Watson Public from $375.00 to $388.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Finally, Barclays raised Willis Towers Watson Public from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $318.00 to $341.00 in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Willis Towers Watson Public presently has an average rating of “Moderate Buy” and a consensus price target of $373.14.

Willis Towers Watson Public Stock Performance

Shares of Willis Towers Watson Public stock opened at $289.54 on Friday. The company has a 50 day moving average of $310.68 and a 200-day moving average of $322.77. The company has a market cap of $27.38 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.28 and a beta of 0.62. Willis Towers Watson Public Limited Company has a 1-year low of $275.60 and a 1-year high of $352.79. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.71.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share for the quarter, beating analysts’ consensus estimates of $7.93 by $0.19. Willis Towers Watson Public had a net margin of 16.53% and a return on equity of 20.91%. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the company posted $8.13 EPS. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. As a group, equities research analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

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