Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Acquired by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co grew its position in Willis Towers Watson Public Limited (NASDAQ:WTW) by 2.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,262 shares of the company’s stock after acquiring an additional 3,021 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.11% of Willis Towers Watson Public worth $31,706,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Capitolis Liquid Global Markets LLC boosted its holdings in shares of Willis Towers Watson Public by 30.0% in the first quarter. Capitolis Liquid Global Markets LLC now owns 13,000 shares of the company’s stock valued at $3,575,000 after acquiring an additional 3,000 shares during the period. Seven Eight Capital LP acquired a new stake in shares of Willis Towers Watson Public in the first quarter valued at approximately $808,000. O Shaughnessy Asset Management LLC raised its stake in shares of Willis Towers Watson Public by 21.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,072 shares of the company’s stock worth $845,000 after purchasing an additional 540 shares during the last quarter. Edgestream Partners L.P. raised its stake in shares of Willis Towers Watson Public by 24.6% during the first quarter. Edgestream Partners L.P. now owns 1,651 shares of the company’s stock worth $454,000 after purchasing an additional 326 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Willis Towers Watson Public by 520.3% during the first quarter. Acadian Asset Management LLC now owns 417,427 shares of the company’s stock worth $114,765,000 after purchasing an additional 350,135 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Willis Towers Watson Public Price Performance

Shares of WTW stock traded up $7.83 during mid-day trading on Thursday, reaching $274.83. The stock had a trading volume of 376,779 shares, compared to its average volume of 447,245. Willis Towers Watson Public Limited has a 12-month low of $195.29 and a 12-month high of $281.00. The company has a market cap of $28.10 billion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 1.51 and a beta of 0.73. The business has a 50-day simple moving average of $258.70 and a 200 day simple moving average of $261.47. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.55.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Thursday, April 25th. The company reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $3.21 by $0.08. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Willis Towers Watson Public had a return on equity of 16.31% and a net margin of 10.88%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $2.84 earnings per share. On average, sell-side analysts anticipate that Willis Towers Watson Public Limited will post 16.27 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Sunday, June 30th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Friday, June 28th. Willis Towers Watson Public’s payout ratio is currently 35.31%.

Analysts Set New Price Targets

Several research firms have recently commented on WTW. Evercore ISI upped their price target on Willis Towers Watson Public from $290.00 to $295.00 and gave the stock an “in-line” rating in a research note on Friday, April 26th. Keefe, Bruyette & Woods cut their price target on Willis Towers Watson Public from $317.00 to $311.00 and set an “outperform” rating for the company in a research note on Monday, May 6th. Bank of America upgraded Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $272.00 to $304.00 in a research note on Wednesday, May 22nd. Wells Fargo & Company increased their price objective on Willis Towers Watson Public from $317.00 to $318.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. Finally, Citigroup cut their price objective on Willis Towers Watson Public from $315.00 to $312.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and a consensus price target of $296.29.

About Willis Towers Watson Public

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.