Legal & General Group Plc Purchases 10,697 Shares of Willis Towers Watson Public Limited Company $WTW

Legal & General Group Plc boosted its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 690,210 shares of the company’s stock after acquiring an additional 10,697 shares during the period. Legal & General Group Plc’s holdings in Willis Towers Watson Public were worth $226,803,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in WTW. Dodge & Cox grew its holdings in Willis Towers Watson Public by 184.1% in the 3rd quarter. Dodge & Cox now owns 3,632,191 shares of the company’s stock worth $1,254,740,000 after acquiring an additional 2,353,768 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Willis Towers Watson Public by 80.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,038,275 shares of the company’s stock valued at $318,231,000 after purchasing an additional 462,249 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Willis Towers Watson Public by 56.8% during the 2nd quarter. Bank of America Corp DE now owns 745,074 shares of the company’s stock valued at $228,365,000 after purchasing an additional 269,794 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Willis Towers Watson Public by 546.4% during the 3rd quarter. Tidal Investments LLC now owns 255,679 shares of the company’s stock valued at $88,324,000 after purchasing an additional 216,124 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Willis Towers Watson Public by 6,645.5% during the 3rd quarter. Balyasny Asset Management L.P. now owns 213,089 shares of the company’s stock valued at $73,612,000 after purchasing an additional 209,930 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Insider Transactions at Willis Towers Watson Public

In other Willis Towers Watson Public news, insider Lucy Clarke purchased 1,896 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was bought at an average cost of $263.37 per share, with a total value of $499,349.52. Following the transaction, the insider directly owned 22,717 shares in the company, valued at approximately $5,982,976.29. The trade was a 9.11% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WTW. Mizuho cut their target price on shares of Willis Towers Watson Public from $353.00 to $338.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Truist Financial raised shares of Willis Towers Watson Public to a “strong-buy” rating in a research note on Thursday, April 30th. UBS Group cut their target price on shares of Willis Towers Watson Public from $409.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Cantor Fitzgerald cut their target price 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. Finally, Piper Sandler cut their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and an average target price of $351.73.

Willis Towers Watson Public Trading Down 0.9%

Shares of NASDAQ WTW opened at $254.04 on Thursday. Willis Towers Watson Public Limited Company has a 1 year low of $240.61 and a 1 year high of $352.79. The stock has a market cap of $23.99 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 1.13 and a beta of 0.45. The firm has a 50-day moving average of $276.97 and a 200 day moving average of $302.63. 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 (NASDAQ:WTW) last issued its quarterly 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. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the company posted $3.13 EPS. Willis Towers Watson Public’s revenue was up 8.5% on a year-over-year basis. As a group, sell-side analysts expect that Willis Towers Watson Public Limited Company will post 19.52 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. Investors of record on Tuesday, June 30th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is 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.