CIBC Asset Management Inc Increases Stake in Willis Towers Watson Public Limited Company $WTW

CIBC Asset Management Inc raised its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 22.0% in the fourth quarter, Holdings Channel reports. The firm owned 50,092 shares of the company’s stock after acquiring an additional 9,020 shares during the quarter. CIBC Asset Management Inc’s holdings in Willis Towers Watson Public were worth $16,460,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC lifted its stake in shares of Willis Towers Watson Public by 375.0% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock worth $25,000 after buying an additional 60 shares in the last quarter. Larson Financial Group LLC increased 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 valued at $29,000 after acquiring an additional 37 shares in the last quarter. Fideuram Asset Management Ireland dac bought a new stake in shares of Willis Towers Watson Public during the fourth quarter valued at approximately $28,000. Raiffeisen Bank International AG purchased a new position in Willis Towers Watson Public in the 3rd quarter worth approximately $31,000. Finally, Elyxium Wealth LLC bought a new position in Willis Towers Watson Public in the 4th quarter valued at approximately $36,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Price Performance

Shares of WTW opened at $258.59 on Friday. The firm has a fifty day simple moving average of $272.61 and a two-hundred day simple moving average of $299.73. The firm has a market cap of $24.42 billion, a PE ratio of 15.08, a P/E/G ratio of 0.81 and a beta of 0.43. 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 1-year low of $240.61 and a 1-year high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Friday, May 1st. The company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm 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 for the quarter was up 8.5% on a year-over-year basis. On average, equities analysts anticipate that Willis Towers Watson Public Limited Company will post 19.53 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 22.39%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WTW. Keefe, Bruyette & Woods cut their target price on 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. Wall Street Zen raised Willis Towers Watson Public from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Wells Fargo & Company dropped their price objective on Willis Towers Watson Public from $379.00 to $351.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. BMO Capital Markets upgraded Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock 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 research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $351.73.

Insider Activity

In other Willis Towers Watson Public news, insider Lucy Clarke purchased 1,896 shares of Willis Towers Watson Public stock in a transaction dated Wednesday, May 6th. The stock was purchased at an average price of $263.37 per share, with a total value of $499,349.52. Following the transaction, the insider directly owned 22,717 shares of the company’s stock, valued at $5,982,976.29. This trade represents a 9.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is currently owned by corporate insiders.

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.