Chevy Chase Trust Holdings LLC Reduces Stock Position in Willis Towers Watson Public Limited Company $WTW

Chevy Chase Trust Holdings LLC lessened its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 4.9% in the third quarter, HoldingsChannel reports. The firm owned 49,808 shares of the company’s stock after selling 2,584 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Willis Towers Watson Public were worth $17,206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in WTW. Vanguard Group Inc. lifted its holdings in shares of Willis Towers Watson Public by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 11,372,970 shares of the company’s stock valued at $3,928,792,000 after buying an additional 103,784 shares during the period. Dodge & Cox grew its holdings in shares of Willis Towers Watson Public by 184.1% in the third quarter. Dodge & Cox now owns 3,632,191 shares of the company’s stock worth $1,254,740,000 after acquiring an additional 2,353,768 shares during the period. Artisan Partners Limited Partnership grew its holdings in shares of Willis Towers Watson Public by 1.8% in the second quarter. Artisan Partners Limited Partnership now owns 3,579,098 shares of the company’s stock worth $1,096,994,000 after acquiring an additional 62,570 shares during the period. Invesco Ltd. increased its position in Willis Towers Watson Public by 4.8% during the second quarter. Invesco Ltd. now owns 2,279,417 shares of the company’s stock valued at $698,642,000 after acquiring an additional 103,695 shares during the last quarter. Finally, Norges Bank purchased a new stake in Willis Towers Watson Public during the second quarter valued at $458,662,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WTW. Truist Financial raised their target price on Willis Towers Watson Public from $380.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Barclays upgraded shares of Willis Towers Watson Public from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $318.00 to $341.00 in a research note on Wednesday, March 11th. Keefe, Bruyette & Woods raised their price objective on shares of Willis Towers Watson Public from $375.00 to $388.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Weiss Ratings restated a “buy (b)” rating on shares of Willis Towers Watson Public in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $373.14.

Willis Towers Watson Public Stock Up 0.7%

NASDAQ WTW opened at $291.47 on Tuesday. The stock’s 50-day moving average price is $309.82 and its 200-day moving average price is $322.39. 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 Limited Company has a 52 week low of $275.60 and a 52 week high of $352.79. The company has a market capitalization of $27.56 billion, a P/E ratio of 17.79, a price-to-earnings-growth ratio of 1.29 and a beta of 0.62.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $8.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.93 by $0.19. The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.87 billion. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.The firm’s revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $8.13 EPS. On average, equities research analysts predict that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

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

Willis Towers Watson Public Company Profile

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.