Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. lowered its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,800 shares of the company’s stock after selling 350 shares during the period. Intact Investment Management Inc.’s holdings in Willis Towers Watson Public were worth $877,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Diamond Hill Capital Management Inc. raised its holdings in shares of Willis Towers Watson Public by 3.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 77,488 shares of the company’s stock worth $24,272,000 after buying an additional 2,630 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Willis Towers Watson Public by 96.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 9,244 shares of the company’s stock worth $2,896,000 after purchasing an additional 4,548 shares during the last quarter. Avantax Advisory Services Inc. purchased a new position in shares of Willis Towers Watson Public during the fourth quarter worth $225,000. Farther Finance Advisors LLC raised its holdings in shares of Willis Towers Watson Public by 36.7% during the fourth quarter. Farther Finance Advisors LLC now owns 324 shares of the company’s stock worth $102,000 after purchasing an additional 87 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Willis Towers Watson Public by 1.6% during the fourth quarter. HighTower Advisors LLC now owns 11,187 shares of the company’s stock worth $3,504,000 after purchasing an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Up 1.7 %

Shares of NASDAQ WTW opened at $324.61 on Friday. The company’s 50-day simple moving average is $323.94 and its 200-day simple moving average is $310.45. Willis Towers Watson Public Limited has a 52-week low of $245.04 and a 52-week high of $344.14. The firm has a market cap of $32.36 billion, a price-to-earnings ratio of -324.61, a price-to-earnings-growth ratio of 2.95 and a beta of 0.71. The company has a quick ratio of 1.72, a current ratio of 1.98 and a debt-to-equity ratio of 0.66.

Willis Towers Watson Public (NASDAQ:WTW) last announced its earnings results on Tuesday, February 4th. The company reported $8.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.01 by $0.12. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.05 billion. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $7.44 earnings per share. Equities analysts predict that Willis Towers Watson Public Limited will post 17.32 EPS for the current fiscal 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 given a dividend of $0.92 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.88. This represents a $3.68 dividend on an annualized basis and a yield of 1.13%. Willis Towers Watson Public’s payout ratio is presently -368.00%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Truist Financial reissued a “buy” rating and set a $380.00 target price (up previously from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. Jefferies Financial Group raised shares of Willis Towers Watson Public from a “hold” rating to a “buy” rating and raised their target price for the stock from $352.00 to $382.00 in a report on Friday, December 20th. Raymond James raised shares of Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from $365.00 to $400.00 in a report on Thursday, December 5th. Barclays lifted their price objective on shares of Willis Towers Watson Public from $278.00 to $302.00 and gave the company an “underweight” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company cut their price objective on shares of Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $342.08.

Insider Buying and Selling

In related news, insider Julie Jarecke Gebauer sold 3,384 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $335.77, for a total transaction of $1,136,245.68. Following the transaction, the insider now directly owns 74,417 shares in the company, valued at approximately $24,986,996.09. The trade was a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.22% of the stock is currently owned by company insiders.

Willis Towers Watson Public 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.