PFA Pension Forsikringsaktieselskab Invests $6.16 Million in Willis Towers Watson Public Limited Company $WTW

PFA Pension Forsikringsaktieselskab bought a new position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 18,470 shares of the company’s stock, valued at approximately $6,161,000.

Several other institutional investors have also recently made changes to their positions in WTW. Dodge & Cox raised its position in shares of 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 in the last quarter. Alliancebernstein L.P. raised its position in shares of Willis Towers Watson Public by 80.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,038,275 shares of the company’s stock worth $318,231,000 after acquiring an additional 462,249 shares in the last quarter. Bank of America Corp DE raised its position in shares of Willis Towers Watson Public by 56.8% in the 2nd quarter. Bank of America Corp DE now owns 745,074 shares of the company’s stock worth $228,365,000 after acquiring an additional 269,794 shares in the last quarter. Tidal Investments LLC raised its position in shares of Willis Towers Watson Public by 546.4% in the 3rd quarter. Tidal Investments LLC now owns 255,679 shares of the company’s stock worth $88,324,000 after acquiring an additional 216,124 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of Willis Towers Watson Public by 6,645.5% in the 3rd quarter. Balyasny Asset Management L.P. now owns 213,089 shares of the company’s stock worth $73,612,000 after acquiring an additional 209,930 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Performance

Shares of WTW opened at $260.02 on Tuesday. The business’s fifty day simple moving average is $291.72 and its two-hundred day simple moving average is $311.18. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.78. Willis Towers Watson Public Limited Company has a 12 month low of $246.60 and a 12 month high of $352.79. The company has a market cap of $24.49 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 1.13 and a beta of 0.45.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, April 30th. 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 return on equity of 21.52% and a net margin of 16.84%.The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the business posted $3.13 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. Research analysts anticipate that Willis Towers Watson Public Limited Company will post 19.5 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.96 per share. The ex-dividend date was Tuesday, March 31st. This represents a $3.84 annualized dividend and a yield of 1.5%. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.92. Willis Towers Watson Public’s dividend payout ratio (DPR) is 22.39%.

Analysts Set New Price Targets

WTW has been the topic of several recent research reports. Mizuho cut their price target on Willis Towers Watson Public from $358.00 to $353.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Piper Sandler cut their price target on Willis Towers Watson Public from $341.00 to $283.00 and set an “overweight” rating on the stock in a research note on Friday. Wells Fargo & Company cut their price target on Willis Towers Watson Public from $379.00 to $351.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Truist Financial upped their price target on Willis Towers Watson Public from $380.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Finally, Barclays cut their price target on Willis Towers Watson Public from $341.00 to $322.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $353.00.

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.