Canoe Financial LP Has $76.93 Million Holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Canoe Financial LP boosted its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 48.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 227,621 shares of the company's stock after purchasing an additional 74,758 shares during the quarter. Canoe Financial LP owned approximately 0.23% of Willis Towers Watson Public worth $76,925,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC increased its stake in shares of Willis Towers Watson Public by 1.8% in the first quarter. Dynamic Advisor Solutions LLC now owns 2,018 shares of the company's stock valued at $682,000 after purchasing an additional 35 shares during the period. Ritholtz Wealth Management bought a new position in Willis Towers Watson Public in the 1st quarter worth approximately $406,000. Sanctuary Advisors LLC grew its holdings in Willis Towers Watson Public by 2.7% in the 4th quarter. Sanctuary Advisors LLC now owns 4,135 shares of the company's stock worth $1,364,000 after buying an additional 109 shares in the last quarter. Sunriver Management LLC increased its position in Willis Towers Watson Public by 0.7% in the 4th quarter. Sunriver Management LLC now owns 175,627 shares of the company's stock valued at $55,013,000 after acquiring an additional 1,223 shares during the period. Finally, Atria Wealth Solutions Inc. bought a new stake in Willis Towers Watson Public during the 4th quarter valued at $263,000. 93.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WTW. Keefe, Bruyette & Woods decreased their price target on Willis Towers Watson Public from $371.00 to $366.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Jefferies Financial Group reduced their price objective on shares of Willis Towers Watson Public from $373.00 to $371.00 and set a "buy" rating for the company in a report on Friday, April 11th. UBS Group raised shares of Willis Towers Watson Public from a "neutral" rating to a "buy" rating and raised their target price for the company from $344.00 to $395.00 in a research note on Tuesday, March 18th. Finally, Barclays boosted their price target on shares of Willis Towers Watson Public from $302.00 to $316.00 and gave the stock an "underweight" rating in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $356.30.

Insider Buying and Selling

In other news, CFO Andrew Jay Krasner sold 1,600 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $315.75, for a total transaction of $505,200.00. Following the completion of the sale, the chief financial officer now directly owns 11,982 shares of the company's stock, valued at $3,783,316.50. This represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.32% of the stock is currently owned by insiders.

Willis Towers Watson Public Price Performance

NASDAQ:WTW traded up $1.50 during mid-day trading on Friday, reaching $299.00. 944,578 shares of the stock were exchanged, compared to its average volume of 593,967. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average price of $309.29 and a 200 day moving average price of $317.68. Willis Towers Watson Public Limited Company has a 1-year low of $255.19 and a 1-year high of $344.14. The firm has a market capitalization of $29.65 billion, a PE ratio of 17.86, a PEG ratio of 2.55 and a beta of 0.70.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $3.13 earnings per share for the quarter, missing analysts' consensus estimates of $3.27 by ($0.14). The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.29 billion. Willis Towers Watson Public had a negative net margin of 0.54% and a positive return on equity of 20.53%. Willis Towers Watson Public's revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.13 earnings per share. Research analysts expect that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Monday, June 30th. Willis Towers Watson Public's payout ratio is -736.00%.

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.