Northwest & Ethical Investments L.P. Has $8.86 Million Stock Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Northwest & Ethical Investments L.P. lowered its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,294 shares of the company’s stock after selling 498 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Willis Towers Watson Public were worth $8,863,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Y.D. More Investments Ltd lifted its position in Willis Towers Watson Public by 121.1% in the 4th quarter. Y.D. More Investments Ltd now owns 126 shares of the company’s stock valued at $39,000 after acquiring an additional 69 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in Willis Towers Watson Public in the 4th quarter valued at about $49,000. Versant Capital Management Inc lifted its position in Willis Towers Watson Public by 95.5% in the 4th quarter. Versant Capital Management Inc now owns 174 shares of the company’s stock valued at $55,000 after acquiring an additional 85 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Willis Towers Watson Public in the 4th quarter valued at about $72,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Willis Towers Watson Public in the 4th quarter valued at about $76,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Performance

Shares of WTW stock opened at $334.51 on Friday. The company has a 50 day moving average of $325.71 and a 200-day moving average of $311.48. 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 Limited has a 12-month low of $245.04 and a 12-month high of $344.14. The firm has a market cap of $33.35 billion, a P/E ratio of -334.51, a PEG ratio of 2.95 and a beta of 0.71.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $8.13 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter last year, the business posted $7.44 EPS. Willis Towers Watson Public’s quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts anticipate that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.10%. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Monday, March 31st. Willis Towers Watson Public’s payout ratio is currently -368.00%.

Insider Activity at Willis Towers Watson Public

In related news, insider Julie Jarecke Gebauer sold 3,384 shares of Willis Towers Watson Public stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $335.77, for a total value of $1,136,245.68. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Raymond James raised shares of Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $365.00 to $400.00 in a research report on Thursday, December 5th. Barclays increased 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 research note on Thursday, November 21st. Jefferies Financial Group upgraded shares of Willis Towers Watson Public from a “hold” rating to a “buy” rating and increased their price objective for the company from $352.00 to $382.00 in a research note on Friday, December 20th. Wells Fargo & Company decreased 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 research note on Tuesday, January 14th. Finally, Truist Financial reiterated 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Willis Towers Watson Public has an average rating of “Moderate Buy” and an average price target of $346.15.

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.