iA Global Asset Management Inc. Buys New Stake in Willis Towers Watson Public Limited Company $WTW

iA Global Asset Management Inc. bought a new stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) in the 4th quarter, HoldingsChannel.com reports. The firm bought 7,147 shares of the company’s stock, valued at approximately $2,349,000.

Several other large investors have also recently made changes to their positions in WTW. Bartlett & CO. Wealth Management LLC lifted its stake in shares of Willis Towers Watson Public by 375.0% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock valued at $25,000 after purchasing an additional 60 shares during the period. Raiffeisen Bank International AG acquired a new position in shares of Willis Towers Watson Public in the 3rd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Willis Towers Watson Public in the 4th quarter valued at $39,000. Geneos Wealth Management Inc. lifted its stake in shares of Willis Towers Watson Public by 38.6% in the 1st 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, Root Financial Partners LLC acquired a new position in shares of Willis Towers Watson Public in the 3rd quarter valued at $68,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Lucy Clarke purchased 1,896 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was bought at an average price of $263.37 per share, with a total value of $499,349.52. Following the acquisition, 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 this hyperlink. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

WTW has been the subject of several analyst reports. Bank of America decreased their target price on shares of Willis Towers Watson Public from $354.00 to $347.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. UBS Group decreased their target price on shares of Willis Towers Watson Public from $409.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, May 4th. 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. Wells Fargo & Company decreased their target price on shares of Willis Towers Watson Public from $379.00 to $351.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, Piper Sandler decreased their target price on shares of Willis Towers Watson Public from $341.00 to $283.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and an average price target of $351.73.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW opened at $256.86 on Tuesday. The firm has a market cap of $24.26 billion, a PE ratio of 14.98, a PEG ratio of 1.09 and a beta of 0.45. The firm has a fifty day moving average of $282.02 and a 200 day moving average of $305.71. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.92 and a current ratio of 2.92. Willis Towers Watson Public Limited Company has a one year low of $240.61 and a one year high of $352.79.

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. The company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.41 billion. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.13 EPS. As a group, research analysts predict that Willis Towers Watson Public Limited Company will post 19.52 EPS for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, March 31st. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.92. Willis Towers Watson Public’s payout ratio is presently 22.39%.

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.