Willis Towers Watson Public Limited Company $WTW Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 68.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,302 shares of the company’s stock after selling 35,779 shares during the quarter. Intech Investment Management LLC’s holdings in Willis Towers Watson Public were worth $5,632,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in WTW. Brighton Jones LLC increased its holdings in shares of Willis Towers Watson Public by 4.7% in the 4th quarter. Brighton Jones LLC now owns 1,368 shares of the company’s stock worth $429,000 after acquiring an additional 61 shares during the period. NewEdge Advisors LLC grew its position in Willis Towers Watson Public by 7.6% in the 1st quarter. NewEdge Advisors LLC now owns 2,588 shares of the company’s stock worth $875,000 after purchasing an additional 182 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Willis Towers Watson Public by 16.9% in the first quarter. Empowered Funds LLC now owns 2,400 shares of the company’s stock valued at $811,000 after purchasing an additional 347 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Willis Towers Watson Public by 38.6% in the first quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock valued at $47,000 after purchasing an additional 39 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Willis Towers Watson Public by 29.6% during the second quarter. Envestnet Asset Management Inc. now owns 125,996 shares of the company’s stock valued at $38,618,000 after buying an additional 28,795 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

Willis Towers Watson Public Stock Down 1.0%

NASDAQ WTW opened at $305.17 on Friday. Willis Towers Watson Public Limited Company has a 12 month low of $275.60 and a 12 month high of $352.79. The company has a market capitalization of $28.85 billion, a P/E ratio of 18.63, a PEG ratio of 1.37 and a beta of 0.62. The company’s 50 day simple moving average is $317.76 and its 200 day simple moving average is $325.34. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.21 and a quick ratio of 1.69.

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 analysts’ consensus estimates of $7.93 by $0.19. The firm 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%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the firm posted $8.13 earnings per share. Equities research analysts expect 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 business also recently announced 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. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.92. Willis Towers Watson Public’s payout ratio is presently 22.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wall Street Zen raised Willis Towers Watson Public from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Mizuho lowered their price target on Willis Towers Watson Public from $392.00 to $358.00 and set an “outperform” rating on the stock in a report on Friday. Evercore lifted their price objective on shares of Willis Towers Watson Public from $383.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Piper Sandler lowered their target price on shares of Willis Towers Watson Public from $365.00 to $341.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. Finally, UBS Group boosted their price target on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Willis Towers Watson Public presently has an average rating of “Moderate Buy” and an average price target of $371.50.

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.