Willis Towers Watson Public Limited Company $WTW Stock Position Reduced by Royal Bank of Canada

Royal Bank of Canada lowered its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 53.9% during the first quarter, HoldingsChannel.com reports. The fund owned 76,235 shares of the company’s stock after selling 89,250 shares during the period. Royal Bank of Canada’s holdings in Willis Towers Watson Public were worth $22,162,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of WTW. Bartlett & CO. Wealth Management LLC increased its stake in Willis Towers Watson Public by 375.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock valued at $25,000 after buying an additional 60 shares during the period. Cedar Mountain Advisors LLC purchased a new stake in shares of Willis Towers Watson Public during the first quarter valued at $27,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Willis Towers Watson Public in the fourth quarter worth approximately $28,000. Larson Financial Group LLC lifted 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 valued at $29,000 after purchasing an additional 37 shares in the last quarter. Finally, MV Capital Management Inc. purchased a new position in Willis Towers Watson Public during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Piper Sandler lifted their price target on Willis Towers Watson Public from $283.00 to $317.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Barclays decreased their target price on Willis Towers Watson Public from $322.00 to $303.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 7th. The Goldman Sachs Group upped their price objective on shares of Willis Towers Watson Public from $316.00 to $385.00 and gave the company a “buy” rating in a research report on Monday. BMO Capital Markets upgraded shares of Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $347.00 to $300.00 in a research note on Friday, May 1st. Finally, Wells Fargo & Company increased their target price on Willis Towers Watson Public from $341.00 to $378.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $363.50.

Willis Towers Watson Public Stock Down 0.5%

Willis Towers Watson Public stock opened at $338.07 on Thursday. The company has a 50 day moving average of $280.79 and a 200-day moving average of $286.86. The stock has a market capitalization of $31.40 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 0.97 and a beta of 0.42. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.74. Willis Towers Watson Public Limited Company has a twelve month low of $240.61 and a twelve month high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results 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. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the previous year, the business earned $2.86 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts anticipate that Willis Towers Watson Public Limited Company will post 19.8 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.1%. Willis Towers Watson Public’s payout ratio is presently 23.62%.

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.