PNC Financial Services Group Inc. boosted its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW – Free Report) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,482 shares of the company’s stock after buying an additional 1,427 shares during the period. PNC Financial Services Group Inc.’s holdings in Willis Towers Watson Public were worth $2,287,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Royal London Asset Management Ltd. increased its stake in Willis Towers Watson Public by 4.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 45,770 shares of the company’s stock worth $11,040,000 after buying an additional 2,135 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Willis Towers Watson Public by 0.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 375,114 shares of the company’s stock worth $90,478,000 after purchasing an additional 2,336 shares during the last quarter. Syon Capital LLC acquired a new position in shares of Willis Towers Watson Public during the 4th quarter worth approximately $237,000. V Square Quantitative Management LLC boosted its holdings in shares of Willis Towers Watson Public by 28.0% during the 4th quarter. V Square Quantitative Management LLC now owns 2,142 shares of the company’s stock worth $517,000 after purchasing an additional 468 shares during the last quarter. Finally, Gillson Capital LP boosted its holdings in shares of Willis Towers Watson Public by 27.3% during the 4th quarter. Gillson Capital LP now owns 253,591 shares of the company’s stock worth $61,166,000 after purchasing an additional 54,361 shares during the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.
Willis Towers Watson Public Stock Up 1.7 %
NASDAQ:WTW opened at $259.94 on Friday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.55. The stock’s fifty day moving average is $255.75 and its two-hundred day moving average is $257.62. Willis Towers Watson Public Limited has a 52 week low of $195.29 and a 52 week high of $278.86. The stock has a market capitalization of $26.58 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 1.45 and a beta of 0.75.
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. Willis Towers Watson Public had a return on equity of 16.31% and a net margin of 10.88%. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same period in the prior year, the firm earned $2.84 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. Research analysts anticipate that Willis Towers Watson Public Limited will post 16.27 EPS for the current year.
Willis Towers Watson Public Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, June 28th. Willis Towers Watson Public’s dividend payout ratio is currently 35.31%.
Analyst Upgrades and Downgrades
WTW has been the topic of several recent research reports. Raymond James restated an “outperform” rating and set a $315.00 target price (up from $295.00) on shares of Willis Towers Watson Public in a report on Thursday, March 28th. Keefe, Bruyette & Woods lowered their target price on Willis Towers Watson Public from $317.00 to $311.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. Bank of America upgraded Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $272.00 to $304.00 in a report on Wednesday, May 22nd. Wells Fargo & Company upped their price objective on Willis Towers Watson Public from $317.00 to $318.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Piper Sandler upped their price objective on Willis Towers Watson Public from $297.00 to $303.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Willis Towers Watson Public currently has a consensus rating of “Moderate Buy” and an average price target of $296.14.
Get Our Latest Analysis on Willis Towers Watson Public
Willis Towers Watson Public Profile
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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Source: defenseworld.net
