Perpetual Ltd Reduces Stock Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Perpetual Ltd decreased its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 30.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,160 shares of the company’s stock after selling 48,412 shares during the period. Perpetual Ltd owned about 0.11% of Willis Towers Watson Public worth $35,133,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in WTW. Blair William & Co. IL increased its stake in Willis Towers Watson Public by 4.2% in the 2nd quarter. Blair William & Co. IL now owns 6,595 shares of the company’s stock worth $1,729,000 after buying an additional 263 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Willis Towers Watson Public by 13.3% during the second quarter. Canada Pension Plan Investment Board now owns 70,819 shares of the company’s stock worth $18,564,000 after acquiring an additional 8,292 shares during the period. Pacer Advisors Inc. raised its stake in shares of Willis Towers Watson Public by 4.6% during the second quarter. Pacer Advisors Inc. now owns 7,530 shares of the company’s stock valued at $1,974,000 after acquiring an additional 328 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Willis Towers Watson Public by 6.5% in the second quarter. Sei Investments Co. now owns 226,810 shares of the company’s stock valued at $59,455,000 after purchasing an additional 13,844 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in Willis Towers Watson Public by 121.5% in the second quarter. Thrivent Financial for Lutherans now owns 14,110 shares of the company’s stock worth $3,699,000 after purchasing an additional 7,740 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW opened at $320.65 on Tuesday. Willis Towers Watson Public Limited has a fifty-two week low of $242.54 and a fifty-two week high of $334.99. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.72 and a current ratio of 1.72. The company has a market cap of $32.30 billion, a PE ratio of -44.05, a P/E/G ratio of 1.73 and a beta of 0.74. The business has a 50-day simple moving average of $315.01 and a two-hundred day simple moving average of $295.87.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, October 31st. The company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.25. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. Willis Towers Watson Public’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the business earned $2.24 EPS. As a group, equities analysts expect that Willis Towers Watson Public Limited will post 16.75 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Tuesday, December 31st. Willis Towers Watson Public’s payout ratio is -48.35%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wells Fargo & Company decreased their target price on Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. UBS Group raised shares of Willis Towers Watson Public to a “hold” rating in a research note on Wednesday, October 9th. Truist Financial reissued a “buy” rating and set a $380.00 target price (up previously from $365.00) on shares of Willis Towers Watson Public in a research report on Wednesday, December 4th. Barclays upped their price target on shares of Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st. Finally, Roth Mkm lifted their price objective on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.64.

Willis Towers Watson Public Company 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.