Pacer Advisors Inc. Sells 2,417 Shares of Willis Towers Watson Public Limited Company $WTW

Pacer Advisors Inc. lessened its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 22.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,206 shares of the company’s stock after selling 2,417 shares during the quarter. Pacer Advisors Inc.’s holdings in Willis Towers Watson Public were worth $2,385,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Bartlett & CO. Wealth Management LLC lifted its stake 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 worth $25,000 after purchasing an additional 60 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new position in shares of Willis Towers Watson Public during the first quarter valued at about $27,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Willis Towers Watson Public in the fourth quarter worth about $28,000. Larson Financial Group LLC increased its holdings in shares of Willis Towers Watson Public by 72.5% in 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. Finally, MV Capital Management Inc. purchased a new stake in shares of Willis Towers Watson Public in the fourth quarter worth about $29,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Trading Up 1.4%

Shares of NASDAQ WTW opened at $344.82 on Friday. The business’s 50 day moving average is $284.46 and its two-hundred day moving average is $287.34. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.68 and a quick ratio of 1.68. Willis Towers Watson Public Limited Company has a 1-year low of $240.61 and a 1-year high of $352.79. The stock has a market capitalization of $32.02 billion, a P/E ratio of 21.21, a PEG ratio of 0.98 and a beta of 0.42.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, July 30th. The company reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.23. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. Willis Towers Watson Public had a return on equity of 22.19% and a net margin of 15.49%.The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $2.86 EPS. As a group, research analysts expect that Willis Towers Watson Public Limited Company will post 19.8 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.96 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $3.84 dividend on an annualized basis and a yield of 1.1%. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently 23.62%.

Wall Street Analyst Weigh In

Several research firms have weighed in on WTW. Truist Financial raised their price target on Willis Towers Watson Public from $320.00 to $400.00 and gave the company a “buy” rating in a report on Friday, July 31st. UBS Group upped their price objective on Willis Towers Watson Public from $382.00 to $405.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. BMO Capital Markets upgraded Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $347.00 to $300.00 in a research report on Friday, May 1st. Wells Fargo & Company raised their target price on shares of Willis Towers Watson Public from $341.00 to $378.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, Weiss Ratings cut shares of Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Willis Towers Watson Public currently has a consensus rating of “Moderate Buy” and an average price target of $363.50.

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.