Zurcher Kantonalbank Zurich Cantonalbank Has $6.97 Million Stock Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 58.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,898 shares of the company's stock after purchasing an additional 10,624 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Willis Towers Watson Public were worth $6,970,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in Willis Towers Watson Public by 2.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,699 shares of the company's stock worth $416,000 after acquiring an additional 42 shares during the period. Steel Canyon Capital LLC raised its holdings in Willis Towers Watson Public by 0.3% in the 4th quarter. Steel Canyon Capital LLC now owns 16,063 shares of the company's stock worth $3,929,000 after acquiring an additional 51 shares during the period. Brighton Jones LLC raised its holdings in Willis Towers Watson Public by 4.3% in the 3rd quarter. Brighton Jones LLC now owns 1,253 shares of the company's stock worth $262,000 after acquiring an additional 52 shares during the period. Strs Ohio raised its holdings in Willis Towers Watson Public by 0.6% in the 3rd quarter. Strs Ohio now owns 8,829 shares of the company's stock worth $1,844,000 after acquiring an additional 55 shares during the period. Finally, Kestra Advisory Services LLC grew its position in Willis Towers Watson Public by 3.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 1,743 shares of the company's stock worth $364,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 93.09% of the company's stock.

Insiders Place Their Bets

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,100 shares of the business's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $272.13, for a total value of $299,343.00. Following the completion of the transaction, the chief financial officer now directly owns 4,170 shares of the company's stock, valued at $1,134,782.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.22% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on WTW shares. Morgan Stanley raised their price target on shares of Willis Towers Watson Public from $248.00 to $270.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 7th. Citigroup upgraded shares of Willis Towers Watson Public from a "neutral" rating to a "buy" rating and raised their price target for the stock from $236.00 to $315.00 in a research report on Monday, February 12th. TD Cowen started coverage on shares of Willis Towers Watson Public in a research report on Wednesday, January 10th. They issued an "outperform" rating and a $316.00 price target on the stock. BMO Capital Markets upgraded shares of Willis Towers Watson Public from an "underperform" rating to a "market perform" rating and raised their price target for the stock from $236.00 to $298.00 in a research report on Monday, February 12th. Finally, Truist Financial lifted their target price on shares of Willis Towers Watson Public from $275.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, February 7th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $290.54.

Willis Towers Watson Public Price Performance

NASDAQ:WTW traded up $1.53 on Friday, reaching $264.52. The stock had a trading volume of 301,394 shares, compared to its average volume of 417,095. The company has a market capitalization of $27.05 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 1.51 and a beta of 0.73. Willis Towers Watson Public Limited has a 1-year low of $195.29 and a 1-year high of $278.86. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average price of $271.39 and a 200-day moving average price of $249.88.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported $7.44 EPS for the quarter, beating analysts' consensus estimates of $7.05 by $0.39. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.91 billion. Willis Towers Watson Public had a net margin of 11.12% and a return on equity of 15.70%. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $6.33 earnings per share. Research analysts forecast that Willis Towers Watson Public Limited will post 16.2 EPS for the current year.

Willis Towers Watson Public Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were paid a $0.88 dividend. The ex-dividend date was Wednesday, March 27th. This is an increase from Willis Towers Watson Public's previous quarterly dividend of $0.84. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. Willis Towers Watson Public's payout ratio is currently 35.13%.

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.