CI Investments Inc. Has $6.68 Million Stock Position in Willis Towers Watson Public Limited Company $WTW

CI Investments Inc. reduced its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 62.0% in the first quarter, HoldingsChannel reports. The firm owned 22,990 shares of the company’s stock after selling 37,441 shares during the period. CI Investments Inc.’s holdings in Willis Towers Watson Public were worth $6,683,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WTW. Bartlett & CO. Wealth Management LLC increased 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 acquiring an additional 60 shares in the last quarter. Cedar Mountain Advisors LLC bought a new position in Willis Towers Watson Public during the first quarter worth $27,000. Fideuram Asset Management Ireland dac acquired a new stake in Willis Towers Watson Public in the fourth quarter worth $28,000. Larson Financial Group LLC grew its holdings in Willis Towers Watson Public by 72.5% in the fourth 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 Willis Towers Watson Public in the fourth quarter valued at $29,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Willis Towers Watson Public Price Performance

WTW opened at $288.37 on Friday. Willis Towers Watson Public Limited Company has a 1 year low of $240.61 and a 1 year high of $352.79. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.92 and a quick ratio of 2.92. The company has a market capitalization of $27.24 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 0.93 and a beta of 0.43. The firm’s fifty day moving average price is $268.31 and its two-hundred day moving average price is $287.27.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Friday, May 1st. The company reported $3.72 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the business posted $3.13 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, analysts anticipate that Willis Towers Watson Public Limited Company will post 19.53 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

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

Insider Transactions at Willis Towers Watson Public

In related news, insider Lucy Clarke acquired 1,896 shares of the stock in a transaction on Wednesday, May 6th. The shares were acquired at an average price of $263.37 per share, with a total value of $499,349.52. Following the completion of the transaction, the insider 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on WTW shares. Weiss Ratings cut shares of Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Wall Street Zen raised Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Mizuho increased their price target on Willis Towers Watson Public from $338.00 to $361.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods boosted their price objective on Willis Towers Watson Public from $380.00 to $381.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Finally, Bank of America cut their target price on Willis Towers Watson Public from $354.00 to $347.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $351.80.

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.