Dai ichi Life Insurance Company Ltd Lowers Position in Willis Towers Watson Public Limited Company $WTW

Dai ichi Life Insurance Company Ltd trimmed its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 9.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,591 shares of the company’s stock after selling 1,696 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Willis Towers Watson Public were worth $4,823,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WTW. Renaissance Technologies LLC bought a new stake in shares of Willis Towers Watson Public during the first quarter valued at approximately $30,058,000. Gabelli Funds LLC raised its holdings in Willis Towers Watson Public by 7.7% in the first quarter. Gabelli Funds LLC now owns 2,800 shares of the company’s stock worth $814,000 after purchasing an additional 200 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Willis Towers Watson Public by 183.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 316,158 shares of the company’s stock worth $91,907,000 after purchasing an additional 204,722 shares in the last quarter. Inceptionr LLC bought a new stake in shares of Willis Towers Watson Public during the 1st quarter valued at $396,000. Finally, Gibbs Wealth Management grew its position in shares of Willis Towers Watson Public by 98.0% in the 1st quarter. Gibbs Wealth Management now owns 1,647 shares of the company’s stock worth $479,000 after buying an additional 815 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

WTW has been the subject of several research reports. Barclays decreased their price target on shares of Willis Towers Watson Public from $322.00 to $303.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods upped their price objective on shares of Willis Towers Watson Public from $380.00 to $381.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Wells Fargo & Company raised their target price on shares of Willis Towers Watson Public from $319.00 to $341.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. BMO Capital Markets upgraded shares of Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $347.00 to $300.00 in a report on Friday, May 1st. Finally, Truist Financial raised Willis Towers Watson Public to a “strong-buy” rating in a research report on Thursday, April 30th. Two 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $351.80.

Willis Towers Watson Public Stock Performance

Shares of WTW stock opened at $295.11 on Friday. Willis Towers Watson Public Limited Company has a one year low of $240.61 and a one year high of $352.79. The company’s 50-day moving average is $269.24 and its 200 day moving average is $287.33. The company has a market capitalization of $27.87 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 0.95 and a beta of 0.43. 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 (NASDAQ:WTW) last issued its earnings results on Friday, May 1st. The company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.65 by $0.07. The business had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. During the same period in the previous year, the company earned $3.13 earnings per share. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. Sell-side analysts expect that Willis Towers Watson Public Limited Company will post 19.53 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.96 dividend. 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 payout ratio is presently 22.39%.

Insider Transactions at Willis Towers Watson Public

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

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.