T. Rowe Price Investment Management Inc. Increases Position in Willis Towers Watson Public Limited Company $WTW

T. Rowe Price Investment Management Inc. grew its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 23.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,505,195 shares of the company’s stock after buying an additional 664,202 shares during the period. T. Rowe Price Investment Management Inc.’s holdings in Willis Towers Watson Public were worth $1,151,808,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC grew its position in 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 during the last quarter. Larson Financial Group LLC lifted its position in shares of Willis Towers Watson Public by 72.5% during 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 last quarter. Fideuram Asset Management Ireland dac bought a new stake in shares of Willis Towers Watson Public during the fourth quarter worth $28,000. Raiffeisen Bank International AG purchased a new stake in shares of Willis Towers Watson Public during the third quarter valued at $31,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of Willis Towers Watson Public during the fourth quarter valued at $36,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Lucy Clarke bought 1,896 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were bought at an average price of $263.37 per share, for a total transaction of $499,349.52. Following the completion of the purchase, the insider directly owned 22,717 shares of the company’s stock, valued at approximately $5,982,976.29. This trade represents a 9.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by insiders.

Willis Towers Watson Public Trading Down 1.9%

NASDAQ WTW opened at $255.20 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 has a debt-to-equity ratio of 0.78, a quick ratio of 2.92 and a current ratio of 2.92. The company has a market capitalization of $24.10 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 0.83 and a beta of 0.43. The company’s 50-day simple moving average is $267.07 and its two-hundred day simple moving average is $295.61.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data 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. The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.41 billion. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm earned $3.13 earnings per share. Equities analysts forecast that Willis Towers Watson Public Limited Company will post 19.53 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio is 22.39%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Willis Towers Watson Public from $384.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. Cantor Fitzgerald lowered their price objective on shares of Willis Towers Watson Public from $363.00 to $354.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Wells Fargo & Company dropped their target price on shares of 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 raised shares of Willis Towers Watson Public to a “strong-buy” rating in a research report on Thursday, April 30th. Finally, Bank of America decreased their price target on shares of Willis Towers Watson Public from $354.00 to $347.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $350.00.

Willis Towers Watson Public 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.