Corebridge Financial Inc. Has $7.72 Million Stock Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Corebridge Financial Inc. lowered its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,655 shares of the company’s stock after selling 565 shares during the period. Corebridge Financial Inc.’s holdings in Willis Towers Watson Public were worth $7,723,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Timber Creek Capital Management LLC raised its stake in Willis Towers Watson Public by 11.4% during the third quarter. Timber Creek Capital Management LLC now owns 19,099 shares of the company’s stock worth $5,625,000 after acquiring an additional 1,957 shares in the last quarter. Atom Investors LP grew its holdings in shares of Willis Towers Watson Public by 64.0% during the 3rd quarter. Atom Investors LP now owns 8,014 shares of the company’s stock valued at $2,360,000 after purchasing an additional 3,126 shares during the last quarter. JPMorgan Chase & Co. increased its position in Willis Towers Watson Public by 24.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 187,267 shares of the company’s stock worth $55,156,000 after purchasing an additional 37,340 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Willis Towers Watson Public by 33.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 186,332 shares of the company’s stock valued at $54,880,000 after purchasing an additional 47,148 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in Willis Towers Watson Public in the fourth quarter valued at approximately $993,000. 93.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WTW has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Willis Towers Watson Public from $378.00 to $387.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Truist Financial reaffirmed a “buy” rating and issued a $380.00 target price (up previously from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. Raymond James raised Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $365.00 to $400.00 in a research note on Thursday, December 5th. Wells Fargo & Company reduced their price target on Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Finally, UBS Group upgraded shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and raised their price objective for the company from $344.00 to $395.00 in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Willis Towers Watson Public currently has a consensus rating of “Moderate Buy” and a consensus price target of $346.15.

Willis Towers Watson Public Trading Up 0.7 %

NASDAQ:WTW opened at $340.88 on Friday. Willis Towers Watson Public Limited has a 52 week low of $245.04 and a 52 week high of $344.14. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.72 and a current ratio of 1.98. The firm’s fifty day moving average is $328.00 and its 200-day moving average is $313.04. The firm has a market cap of $33.98 billion, a P/E ratio of -340.88, a P/E/G 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 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the prior year, the firm posted $7.44 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.68 annualized dividend and a yield of 1.08%. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.88. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently -368.00%.

Insiders Place Their Bets

In other Willis Towers Watson Public news, insider Julie Jarecke Gebauer sold 3,384 shares of Willis Towers Watson Public stock in a transaction 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 sale, the insider now directly owns 74,417 shares of the company’s stock, 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 document filed with the SEC, which is accessible through this hyperlink. 0.22% of the stock is currently owned by corporate 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.