Victory Capital Management Inc. Cuts Holdings in Willis Towers Watson Public Limited Company $WTW

Victory Capital Management Inc. lowered its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 15.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,327,034 shares of the company’s stock after selling 244,911 shares during the quarter. Victory Capital Management Inc. owned 1.39% of Willis Towers Watson Public worth $458,424,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WTW. Quadcap Wealth Management LLC boosted its stake in shares of Willis Towers Watson Public by 4.8% during the second quarter. Quadcap Wealth Management LLC now owns 747 shares of the company’s stock valued at $229,000 after purchasing an additional 34 shares during the period. Wedmont Private Capital grew its holdings in Willis Towers Watson Public by 3.8% in the 3rd quarter. Wedmont Private Capital now owns 919 shares of the company’s stock worth $322,000 after acquiring an additional 34 shares during the last quarter. World Investment Advisors increased its position in shares of Willis Towers Watson Public by 4.7% in the third quarter. World Investment Advisors now owns 779 shares of the company’s stock valued at $269,000 after acquiring an additional 35 shares during the period. Ethic Inc. raised its stake in shares of Willis Towers Watson Public by 0.3% during the third quarter. Ethic Inc. now owns 14,050 shares of the company’s stock valued at $4,853,000 after acquiring an additional 36 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its holdings in shares of Willis Towers Watson Public by 1.7% during the third quarter. Gateway Investment Advisers LLC now owns 2,284 shares of the company’s stock worth $789,000 after purchasing an additional 38 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on WTW. Keefe, Bruyette & Woods increased their target price on Willis Towers Watson Public from $375.00 to $388.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Piper Sandler dropped their price target on shares of Willis Towers Watson Public from $365.00 to $341.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. TD Cowen reduced their price objective on shares of Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Wall Street Zen raised shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Evercore increased their price target on shares of Willis Towers Watson Public from $383.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $371.50.

Willis Towers Watson Public Trading Down 0.3%

WTW stock opened at $304.12 on Tuesday. Willis Towers Watson Public Limited Company has a 52-week low of $275.60 and a 52-week high of $352.79. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.71. The firm has a market cap of $28.75 billion, a P/E ratio of 18.57, a PEG ratio of 1.36 and a beta of 0.62. The company’s 50-day simple moving average is $317.20 and its 200-day simple moving average is $325.09.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share for the quarter, topping analysts’ consensus estimates of $7.93 by $0.19. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the prior year, the firm posted $8.13 EPS. Willis Towers Watson Public’s quarterly revenue was down 3.3% compared to the same quarter last year. As a group, equities analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.96 per share. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.92. The ex-dividend date is Tuesday, March 31st. This represents a $3.84 annualized dividend and a dividend yield of 1.3%. Willis Towers Watson Public’s payout ratio is currently 22.47%.

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.