UBS Asset Management Americas Inc. reduced its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WLTW) by 34.5% during the fourth quarter, Holdings Channel reports. The fund owned 610,072 shares of the financial services provider’s stock after selling 320,920 shares during the period. UBS Asset Management Americas Inc.’s holdings in Willis Towers Watson Public were worth $128,530,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in WLTW. Twin Tree Management LP bought a new position in shares of Willis Towers Watson Public during the 4th quarter valued at $30,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Willis Towers Watson Public in the 4th quarter valued at about $36,000. Regent Peak Wealth Advisors LLC bought a new position in Willis Towers Watson Public during the 4th quarter worth approximately $43,000. Perigon Wealth Management LLC bought a new stake in Willis Towers Watson Public in the fourth quarter valued at approximately $66,000. Finally, RMR Wealth Builders bought a new position in shares of Willis Towers Watson Public in the fourth quarter worth approximately $85,000. Hedge funds and other institutional investors own 90.32% of the company’s stock.
A number of analysts have recently weighed in on the stock. Truist increased their target price on shares of Willis Towers Watson Public from $240.00 to $260.00 in a report on Wednesday, February 10th. Raymond James upgraded Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating in a report on Thursday, February 11th. Finally, Morgan Stanley lifted their price target on shares of Willis Towers Watson Public from $228.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, March 30th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $216.90.
Willis Towers Watson Public (NASDAQ:WLTW) last posted its quarterly earnings data on Monday, February 8th. The financial services provider reported $5.23 EPS for the quarter, topping the consensus estimate of $5.03 by $0.20. Willis Towers Watson Public had a net margin of 11.00% and a return on equity of 14.32%. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the previous year, the firm posted $4.90 earnings per share. Willis Towers Watson Public’s quarterly revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts forecast that Willis Towers Watson Public Limited will post 11.44 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Tuesday, March 30th. Willis Towers Watson Public’s payout ratio is 25.91%.
Willis Towers Watson Public Profile
Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company's Human Capital and Benefits segment offers actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services.
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