Glenmede Trust Co. NA Increases Position in Willis Towers Watson Public Limited Company $WTW

Glenmede Trust Co. NA increased its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 134.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,166 shares of the company’s stock after acquiring an additional 2,388 shares during the period. Glenmede Trust Co. NA’s holdings in Willis Towers Watson Public were worth $1,211,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of WTW. Bartlett & CO. Wealth Management LLC boosted its position in Willis Towers Watson Public by 375.0% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock worth $25,000 after purchasing an additional 60 shares during the last quarter. Cedar Mountain Advisors LLC purchased a new stake in shares of Willis Towers Watson Public during the 1st quarter valued at $27,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Willis Towers Watson Public during the 4th quarter valued at $28,000. Larson Financial Group LLC raised its stake in shares of Willis Towers Watson Public by 72.5% during the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after purchasing an additional 37 shares during the period. Finally, MV Capital Management Inc. bought a new stake in shares of Willis Towers Watson Public during the 4th quarter worth $29,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Citigroup restated a “neutral” rating and set a $345.00 price target (up from $300.00) on shares of Willis Towers Watson Public in a research report on Monday. Wells Fargo & Company increased their target price on shares of Willis Towers Watson Public from $341.00 to $378.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Keefe, Bruyette & Woods raised their price target on shares of Willis Towers Watson Public from $381.00 to $394.00 and gave the stock an “outperform” rating in a research note on Tuesday. Wall Street Zen raised shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Bank of America dropped their price objective on Willis Towers Watson Public from $354.00 to $347.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $363.50.

Willis Towers Watson Public Stock Performance

NASDAQ WTW opened at $340.01 on Friday. The company’s 50 day moving average is $282.55 and its 200-day moving average is $286.94. Willis Towers Watson Public Limited Company has a 12-month low of $240.61 and a 12-month high of $352.79. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.74. The firm has a market cap of $31.58 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 0.97 and a beta of 0.42.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Thursday, July 30th. The company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.23. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. Willis Towers Watson Public’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.86 EPS. Sell-side analysts predict that Willis Towers Watson Public Limited Company will post 19.8 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.96 per share. The ex-dividend date was Tuesday, June 30th. This represents a $3.84 annualized dividend and a dividend yield of 1.1%. Willis Towers Watson Public’s dividend payout ratio is currently 23.62%.

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.