Willis Towers Watson Public Limited Company $WTW Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 12.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 211,465 shares of the company’s stock after selling 28,760 shares during the quarter. Russell Investments Group Ltd.’s holdings in Willis Towers Watson Public were worth $73,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new position in Willis Towers Watson Public in the 3rd quarter valued at $25,000. SOA Wealth Advisors LLC. raised its position in Willis Towers Watson Public by 8,200.0% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 83 shares of the company’s stock worth $29,000 after buying an additional 82 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Willis Towers Watson Public in the 3rd quarter worth $31,000. Quent Capital LLC acquired a new stake in shares of Willis Towers Watson Public in the 3rd quarter worth $34,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Willis Towers Watson Public in the second quarter valued at about $39,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WTW. Barclays boosted their price target on shares of Willis Towers Watson Public from $303.00 to $318.00 and gave the stock an “underweight” rating in a research note on Thursday, January 8th. Wall Street Zen raised Willis Towers Watson Public from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. UBS Group boosted their target price on Willis Towers Watson Public from $398.00 to $409.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Evercore increased their target price on Willis Towers Watson Public from $383.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Truist Financial raised their price target on Willis Towers Watson Public from $380.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Willis Towers Watson Public presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.50.

Willis Towers Watson Public Stock Down 1.8%

Shares of NASDAQ WTW opened at $289.26 on Wednesday. The stock has a market capitalization of $27.35 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 1.32 and a beta of 0.62. Willis Towers Watson Public Limited Company has a 52 week low of $275.60 and a 52 week high of $352.79. The firm has a 50-day moving average price of $313.03 and a 200 day moving average price of $323.59. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.71.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share for the quarter, topping the consensus estimate of $7.93 by $0.19. Willis Towers Watson Public had a net margin of 16.53% and a return on equity of 20.91%. The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the business posted $8.13 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. Equities research analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.96 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.92. Willis Towers Watson Public’s payout ratio is currently 22.47%.

About Willis Towers Watson Public

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.