ASO GROUP Ltd Takes $811,000 Position in Willis Towers Watson Public Limited Company $WTW

ASO GROUP Ltd purchased a new stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,469 shares of the company’s stock, valued at approximately $811,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legal & General Group Plc boosted its holdings in shares of Willis Towers Watson Public by 1.6% during the fourth quarter. Legal & General Group Plc now owns 690,210 shares of the company’s stock valued at $226,803,000 after acquiring an additional 10,697 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Willis Towers Watson Public by 945.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 57,641 shares of the company’s stock valued at $18,941,000 after acquiring an additional 52,125 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Willis Towers Watson Public by 45.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 20,225 shares of the company’s stock valued at $6,646,000 after acquiring an additional 6,340 shares during the period. Natixis Advisors LLC raised its stake in shares of Willis Towers Watson Public by 7.5% during the third quarter. Natixis Advisors LLC now owns 179,771 shares of the company’s stock valued at $62,102,000 after purchasing an additional 12,575 shares in the last quarter. Finally, Heartland Advisors Inc. raised its stake in shares of Willis Towers Watson Public by 25.4% during the third quarter. Heartland Advisors Inc. now owns 23,959 shares of the company’s stock valued at $8,277,000 after purchasing an additional 4,859 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Cantor Fitzgerald cut their price objective on shares of Willis Towers Watson Public from $363.00 to $354.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Piper Sandler cut their price objective on shares of Willis Towers Watson Public from $341.00 to $283.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Keefe, Bruyette & Woods cut their price objective on shares of Willis Towers Watson Public from $384.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. Finally, Barclays cut their price objective on shares of Willis Towers Watson Public from $341.00 to $322.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Willis Towers Watson Public has an average rating of “Moderate Buy” and an average price target of $350.00.

Insider Buying and Selling

In other Willis Towers Watson Public news, insider Lucy Clarke purchased 1,896 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were purchased at an average cost of $263.37 per share, for a total transaction of $499,349.52. Following the completion of the transaction, the insider owned 22,717 shares in the company, valued at $5,982,976.29. The trade was a 9.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.40% of the company’s stock.

Willis Towers Watson Public Price Performance

Shares of Willis Towers Watson Public stock opened at $260.79 on Friday. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.78. The company’s 50-day moving average price is $269.98 and its two-hundred day moving average price is $297.77. Willis Towers Watson Public Limited Company has a 52 week low of $240.61 and a 52 week high of $352.79. The stock has a market cap of $24.63 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 0.85 and a beta of 0.43.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Friday, May 1st. The company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.65 by $0.07. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the business earned $3.13 earnings per share. Willis Towers Watson Public’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Willis Towers Watson Public Limited Company will post 19.53 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.96 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $3.84 annualized dividend and a yield of 1.5%. Willis Towers Watson Public’s payout ratio is 22.39%.

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.