AMF Tjanstepension AB Acquires 24,420 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

AMF Tjanstepension AB boosted its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 55.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,535 shares of the company’s stock after acquiring an additional 24,420 shares during the quarter. AMF Tjanstepension AB owned approximately 0.07% of Willis Towers Watson Public worth $21,474,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WTW. Mizuho Securities USA LLC raised its position in Willis Towers Watson Public by 95,880.2% during the third quarter. Mizuho Securities USA LLC now owns 7,569,000 shares of the company’s stock valued at $2,229,298,000 after acquiring an additional 7,561,114 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Willis Towers Watson Public by 277.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 844,417 shares of the company’s stock valued at $248,706,000 after purchasing an additional 620,926 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Willis Towers Watson Public by 47,515.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 499,965 shares of the company’s stock valued at $147,255,000 after purchasing an additional 498,915 shares during the period. Proficio Capital Partners LLC raised its position in shares of Willis Towers Watson Public by 33,979.6% in the fourth quarter. Proficio Capital Partners LLC now owns 458,370 shares of the company’s stock valued at $143,580,000 after purchasing an additional 457,025 shares during the period. Finally, Canoe Financial LP bought a new position in shares of Willis Towers Watson Public in the fourth quarter valued at approximately $47,883,000. Institutional investors own 93.09% of the company’s stock.

Insiders Place Their Bets

In other news, insider Julie Jarecke Gebauer sold 3,384 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $335.77, for a total value of $1,136,245.68. Following the completion of the sale, the insider now directly owns 74,417 shares of the company’s stock, valued at $24,986,996.09. This represents a 4.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.22% of the company’s stock.

Willis Towers Watson Public Stock Up 0.1 %

WTW opened at $330.89 on Friday. Willis Towers Watson Public Limited has a fifty-two week low of $245.04 and a fifty-two week high of $344.14. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.98 and a quick ratio of 1.72. The firm’s fifty day moving average price is $322.64 and its two-hundred day moving average price is $308.86. The company has a market capitalization of $32.99 billion, a P/E ratio of -330.89, a P/E/G ratio of 2.95 and a beta of 0.71.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Tuesday, February 4th. The company reported $8.13 EPS for the quarter, beating the consensus estimate of $8.01 by $0.12. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the previous year, the company earned $7.44 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts anticipate that Willis Towers Watson Public Limited will post 17.32 EPS for the current year.

Willis Towers Watson Public Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.11%. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.88. The ex-dividend date is Monday, March 31st. Willis Towers Watson Public’s payout ratio is currently -368.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company dropped their price target on shares of Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Barclays raised their price objective on shares of Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an “underweight” rating in a research note on Thursday, November 21st. Evercore ISI upgraded shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $357.00 to $373.00 in a research note on Wednesday, January 8th. Truist Financial restated a “buy” rating and issued a $380.00 price objective (up previously from $365.00) on shares of Willis Towers Watson Public in a research note on Wednesday, December 4th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Willis Towers Watson Public from $378.00 to $387.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Willis Towers Watson Public has an average rating of “Moderate Buy” and an average price target of $342.08.

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.