Marks Group Wealth Management Inc Trims Holdings in Willis Towers Watson Public Limited Company $WTW

Marks Group Wealth Management Inc lowered its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 58.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,700 shares of the company’s stock after selling 2,441 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Willis Towers Watson Public were worth $494,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dodge & Cox boosted its stake in Willis Towers Watson Public by 90.7% during the 4th quarter. Dodge & Cox now owns 6,925,525 shares of the company’s stock valued at $2,275,728,000 after acquiring an additional 3,293,334 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Willis Towers Watson Public by 23.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,505,195 shares of the company’s stock worth $1,151,808,000 after purchasing an additional 664,202 shares during the last quarter. Invesco Ltd. raised its stake in shares of Willis Towers Watson Public by 2.7% in the 4th quarter. Invesco Ltd. now owns 2,212,870 shares of the company’s stock valued at $727,149,000 after purchasing an additional 57,162 shares in the last quarter. Norges Bank bought a new position in shares of Willis Towers Watson Public during the fourth quarter worth about $511,151,000. Finally, Baupost Group LLC MA lifted its position in shares of Willis Towers Watson Public by 24.7% during the fourth quarter. Baupost Group LLC MA now owns 1,357,601 shares of the company’s stock worth $446,108,000 after purchasing an additional 268,536 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

Insider Activity at Willis Towers Watson Public

In other Willis Towers Watson Public news, insider Lucy Clarke purchased 1,896 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were bought at an average price of $263.37 per share, with a total value of $499,349.52. Following the completion of the acquisition, the insider owned 22,717 shares in the company, valued at approximately $5,982,976.29. This represents a 9.11% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Willis Towers Watson Public Trading Up 3.2%

NASDAQ:WTW opened at $294.33 on Friday. The firm has a market capitalization of $27.80 billion, a P/E ratio of 17.16, a P/E/G ratio of 0.92 and a beta of 0.43. The business has a 50 day simple moving average of $264.25 and a 200 day simple moving average of $288.68. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.92 and a quick ratio of 2.92. Willis Towers Watson Public Limited Company has a 12-month low of $240.61 and a 12-month high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Friday, May 1st. The company reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.65 by $0.07. The company had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Willis Towers Watson Public had a return on equity of 21.52% and a net margin of 16.84%.The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $3.13 earnings per share. Equities research analysts predict that Willis Towers Watson Public Limited Company will post 19.53 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.96 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $3.84 annualized dividend and a dividend yield of 1.3%. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 22.39%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on WTW shares. Piper Sandler lifted their price target on Willis Towers Watson Public from $283.00 to $317.00 and gave the stock an “overweight” rating in a research note on Wednesday. Cantor Fitzgerald increased their target price on Willis Towers Watson Public from $322.00 to $344.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. UBS Group lifted their target price on Willis Towers Watson Public from $374.00 to $382.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Mizuho boosted their price target on Willis Towers Watson Public from $338.00 to $361.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Finally, Truist Financial raised Willis Towers Watson Public to a “strong-buy” rating in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Willis Towers Watson Public has an average rating of “Moderate Buy” and a consensus target price of $351.80.

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.