Tidal Investments LLC grew its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 249.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,901 shares of the company's stock after purchasing an additional 25,619 shares during the quarter. Tidal Investments LLC's holdings in Willis Towers Watson Public were worth $11,246,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC lifted its stake in shares of Willis Towers Watson Public by 52.4% during the fourth quarter. FMR LLC now owns 3,682,939 shares of the company's stock worth $1,153,644,000 after purchasing an additional 1,266,484 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Willis Towers Watson Public by 77.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,788,542 shares of the company's stock worth $873,483,000 after acquiring an additional 1,217,714 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Willis Towers Watson Public by 14.7% in the fourth quarter. Invesco Ltd. now owns 2,228,497 shares of the company's stock worth $698,055,000 after acquiring an additional 285,497 shares in the last quarter. Baupost Group LLC MA lifted its stake in shares of Willis Towers Watson Public by 3.1% in the fourth quarter. Baupost Group LLC MA now owns 1,836,748 shares of the company's stock worth $575,343,000 after acquiring an additional 55,542 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Willis Towers Watson Public in the fourth quarter worth about $484,210,000. Institutional investors and hedge funds own 93.09% of the company's stock.
Insider Activity
In other news, insider Julie Jarecke Gebauer sold 3,384 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $335.77, for a total transaction of $1,136,245.68. Following the completion of the transaction, the insider now directly owns 74,417 shares of the company's stock, valued at approximately $24,986,996.09. This represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.32% of the company's stock.
Analyst Ratings Changes
Several research firms recently commented on WTW. Jefferies Financial Group cut their price target on Willis Towers Watson Public from $373.00 to $371.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Barclays boosted their price target on Willis Towers Watson Public from $302.00 to $316.00 and gave the stock an "underweight" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods cut their price target on Willis Towers Watson Public from $371.00 to $366.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Finally, UBS Group upgraded Willis Towers Watson Public from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $344.00 to $395.00 in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $351.55.
Read Our Latest Research Report on Willis Towers Watson Public
Willis Towers Watson Public Stock Down 0.6%
Willis Towers Watson Public stock traded down $1.91 during midday trading on Wednesday, hitting $310.83. The stock had a trading volume of 548,376 shares, compared to its average volume of 583,479. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66. The stock has a market cap of $30.82 billion, a P/E ratio of -310.83, a P/E/G ratio of 2.95 and a beta of 0.73. Willis Towers Watson Public Limited has a 12 month low of $248.09 and a 12 month high of $344.14. The business has a fifty day moving average price of $318.57 and a 200 day moving average price of $319.30.
Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.27 by ($0.14). The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.29 billion. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The firm's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.13 earnings per share. Research analysts predict that Willis Towers Watson Public Limited will post 17.32 EPS for the current year.
Willis Towers Watson Public Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Monday, June 30th. Willis Towers Watson Public's dividend payout ratio (DPR) is presently -736.00%.
About Willis Towers Watson Public
(
Free Report)
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.
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