Burgundy Asset Management Ltd. Lowers Holdings in Willis Towers Watson Public Limited Company $WTW

Burgundy Asset Management Ltd. cut its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 0.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 894,007 shares of the company’s stock after selling 7,330 shares during the period. Willis Towers Watson Public accounts for 2.7% of Burgundy Asset Management Ltd.’s investment portfolio, making the stock its 4th largest holding. Burgundy Asset Management Ltd.’s holdings in Willis Towers Watson Public were worth $274,013,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of Willis Towers Watson Public by 2.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,238,308 shares of the company’s stock worth $1,912,041,000 after acquiring an additional 146,104 shares during the period. Artisan Partners Limited Partnership lifted its holdings in Willis Towers Watson Public by 1.8% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,579,098 shares of the company’s stock worth $1,096,994,000 after purchasing an additional 62,570 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Willis Towers Watson Public by 2.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,856,440 shares of the company’s stock worth $965,334,000 after purchasing an additional 67,898 shares during the period. Geode Capital Management LLC grew its holdings in Willis Towers Watson Public by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,591,115 shares of the company’s stock valued at $790,908,000 after buying an additional 19,384 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Willis Towers Watson Public by 4.8% during the second quarter. Invesco Ltd. now owns 2,279,417 shares of the company’s stock valued at $698,642,000 after buying an additional 103,695 shares during the period. Institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WTW. Piper Sandler cut their price objective on shares of Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Keefe, Bruyette & Woods cut their price target on shares of Willis Towers Watson Public from $382.00 to $373.00 and set an “outperform” rating for the company in a report on Tuesday, November 4th. Wall Street Zen lowered shares of Willis Towers Watson Public from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Barclays lowered their price objective on Willis Towers Watson Public from $341.00 to $303.00 and set an “underweight” rating on the stock in a research report on Thursday, November 20th. Finally, Wolfe Research upgraded Willis Towers Watson Public to a “hold” rating in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $367.67.

Willis Towers Watson Public Stock Performance

NASDAQ WTW opened at $320.70 on Friday. Willis Towers Watson Public Limited Company has a 52-week low of $292.97 and a 52-week high of $352.79. The company has a fifty day moving average of $327.35 and a 200-day moving average of $320.90. The company has a market capitalization of $30.71 billion, a P/E ratio of 15.26, a P/E/G ratio of 1.76 and a beta of 0.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.69 and a current ratio of 1.69.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Thursday, October 30th. The company reported $3.07 earnings per share for the quarter, beating analysts’ consensus estimates of $3.05 by $0.02. Willis Towers Watson Public had a return on equity of 21.46% and a net margin of 21.58%.The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the business posted $2.93 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. As a group, equities research analysts predict that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.92 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $3.68 annualized dividend and a yield of 1.1%. Willis Towers Watson Public’s dividend payout ratio is currently 17.52%.

Willis Towers Watson Public declared that its board has approved a stock repurchase program on Thursday, September 18th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to purchase up to 4.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.