Truist Financial Corp Purchases 13,978 Shares of Willis Towers Watson Public Limited (NASDAQ:WLTW)


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Truist Financial Corp increased its position in shares of Willis Towers Watson Public Limited (NASDAQ:WLTW) by 94.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,844 shares of the financial services provider’s stock after acquiring an additional 13,978 shares during the period. Truist Financial Corp’s holdings in Willis Towers Watson Public were worth $6,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Twin Tree Management LP acquired a new stake in shares of Willis Towers Watson Public during the 4th quarter worth approximately $30,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Willis Towers Watson Public during the 4th quarter worth approximately $36,000. Regent Peak Wealth Advisors LLC acquired a new stake in shares of Willis Towers Watson Public during the 4th quarter worth approximately $43,000. Perigon Wealth Management LLC acquired a new stake in Willis Towers Watson Public in the fourth quarter valued at approximately $66,000. Finally, Meeder Asset Management Inc. boosted its position in Willis Towers Watson Public by 32.6% in the fourth quarter. Meeder Asset Management Inc. now owns 566 shares of the financial services provider’s stock valued at $119,000 after buying an additional 139 shares in the last quarter. Institutional investors and hedge funds own 90.32% of the company’s stock.

A number of analysts have weighed in on the stock. Raymond James upgraded shares of Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating in a research report on Thursday, February 11th. Morgan Stanley raised their target price on shares of Willis Towers Watson Public from $228.00 to $240.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 30th. Finally, Truist raised their price target on shares of Willis Towers Watson Public from $240.00 to $260.00 in a research note on Wednesday, February 10th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Willis Towers Watson Public has an average rating of “Buy” and an average target price of $216.90.

WLTW stock opened at $237.83 on Thursday. The company has a fifty day moving average price of $225.90 and a 200-day moving average price of $211.89. The company has a market capitalization of $30.67 billion, a P/E ratio of 30.41 and a beta of 0.71. Willis Towers Watson Public Limited has a 52-week low of $173.06 and a 52-week high of $238.87. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.73 and a current ratio of 1.73.

Willis Towers Watson Public (NASDAQ:WLTW) last announced its earnings results on Monday, February 8th. The financial services provider reported $5.23 earnings per share for the quarter, topping analysts’ consensus estimates of $5.03 by $0.20. Willis Towers Watson Public had a net margin of 11.00% and a return on equity of 14.32%. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter last year, the firm earned $4.90 earnings per share. Willis Towers Watson Public’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, sell-side analysts forecast that Willis Towers Watson Public Limited will post 11.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Wednesday, March 31st will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Tuesday, March 30th. Willis Towers Watson Public’s dividend payout ratio is presently 25.91%.

Willis Towers Watson Public Profile

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company's Human Capital and Benefits segment offers actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services.

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Institutional Ownership by Quarter for Willis Towers Watson Public (NASDAQ:WLTW)

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