Lbp Am Sa Decreases Stock Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Lbp Am Sa cut its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 7.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,961 shares of the company’s stock after selling 408 shares during the period. Lbp Am Sa’s holdings in Willis Towers Watson Public were worth $1,364,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in Willis Towers Watson Public by 4,811.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,472,707 shares of the company’s stock valued at $355,217,000 after buying an additional 1,442,722 shares in the last quarter. Norges Bank purchased a new stake in Willis Towers Watson Public during the fourth quarter valued at about $300,782,000. Balyasny Asset Management L.P. purchased a new stake in shares of Willis Towers Watson Public in the fourth quarter worth approximately $107,010,000. Acadian Asset Management LLC lifted its position in shares of Willis Towers Watson Public by 520.3% in 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 in the last quarter. Finally, Sound Shore Management Inc. CT bought a new position in Willis Towers Watson Public during the fourth quarter valued at approximately $73,185,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Willis Towers Watson Public Stock Up 0.7 %

WTW stock traded up $2.08 on Thursday, reaching $284.36. 462,081 shares of the company traded hands, compared to its average volume of 454,611. Willis Towers Watson Public Limited has a one year low of $195.29 and a one year high of $285.99. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94. The company has a market cap of $28.88 billion, a P/E ratio of 28.50, a price-to-earnings-growth ratio of 1.48 and a beta of 0.73. The firm has a fifty day simple moving average of $261.28 and a 200-day simple moving average of $262.75.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Thursday, July 25th. The company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.27. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the company earned $2.05 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Research analysts anticipate that Willis Towers Watson Public Limited will post 16.57 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Sunday, June 30th were given a $0.88 dividend. The ex-dividend date was Friday, June 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.24%. Willis Towers Watson Public’s payout ratio is 35.31%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Bank of America upgraded shares of Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $272.00 to $304.00 in a research note on Wednesday, May 22nd. Wells Fargo & Company upped their target price on shares of Willis Towers Watson Public from $318.00 to $321.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Piper Sandler upped their price target on Willis Towers Watson Public from $297.00 to $303.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Keefe, Bruyette & Woods increased their target price on Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Truist Financial upped their price target on Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Willis Towers Watson Public currently has a consensus rating of “Moderate Buy” and a consensus price target of $300.21.

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.