Exchange Traded Concepts LLC Acquires 17,033 Shares of Willis Towers Watson Public Limited Company $WTW

Exchange Traded Concepts LLC increased its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 38.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 60,859 shares of the company’s stock after purchasing an additional 17,033 shares during the period. Exchange Traded Concepts LLC owned approximately 0.06% of Willis Towers Watson Public worth $19,998,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WTW. Heartland Advisors Inc. boosted its position in shares of Willis Towers Watson Public by 25.4% in the third quarter. Heartland Advisors Inc. now owns 23,959 shares of the company’s stock valued at $8,277,000 after acquiring an additional 4,859 shares during the period. Natixis Advisors LLC raised its holdings in Willis Towers Watson Public by 7.5% in the 3rd quarter. Natixis Advisors LLC now owns 179,771 shares of the company’s stock valued at $62,102,000 after acquiring an additional 12,575 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Willis Towers Watson Public by 1.8% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 196,833 shares of the company’s stock worth $67,996,000 after purchasing an additional 3,454 shares during the period. Legal & General Group Plc raised its stake in shares of Willis Towers Watson Public by 3.0% in the 3rd quarter. Legal & General Group Plc now owns 679,513 shares of the company’s stock valued at $234,738,000 after buying an additional 19,515 shares in the last quarter. Finally, Wealthfront Advisers LLC lifted its holdings in shares of Willis Towers Watson Public by 48.3% during the 3rd quarter. Wealthfront Advisers LLC now owns 17,840 shares of the company’s stock worth $6,163,000 after acquiring an additional 5,813 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on WTW shares. Barclays raised shares of Willis Towers Watson Public from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $318.00 to $341.00 in a research note on Wednesday, March 11th. Wells Fargo & Company increased their target price on Willis Towers Watson Public from $366.00 to $379.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Piper Sandler cut their target price on Willis Towers Watson Public from $365.00 to $341.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. UBS Group boosted their price target on Willis Towers Watson Public from $398.00 to $409.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, Evercore upped their price target on Willis Towers Watson Public from $383.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. One equities 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 company’s stock. According to data from MarketBeat, Willis Towers Watson Public presently has a consensus rating of “Moderate Buy” and an average price target of $373.14.

Willis Towers Watson Public Price Performance

Shares of Willis Towers Watson Public stock opened at $282.18 on Friday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $26.68 billion, a price-to-earnings ratio of 17.23, a P/E/G ratio of 1.28 and a beta of 0.62. Willis Towers Watson Public Limited Company has a 1-year low of $275.60 and a 1-year high of $352.79. The firm’s 50-day moving average price is $302.36 and its two-hundred day moving average price is $320.02.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results 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 analysts’ expectations of $2.87 billion. Willis Towers Watson Public had a net margin of 16.53% and a return on equity of 20.91%. Willis Towers Watson Public’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.13 earnings per share. On average, equities analysts predict that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.96 dividend. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.92. This represents a $3.84 dividend on an annualized basis and a yield of 1.4%. 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 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.