Everence Capital Management Inc. Acquires Shares of 3,170 Willis Towers Watson Public Limited (NASDAQ:WTW)

Everence Capital Management Inc. bought a new position in Willis Towers Watson Public Limited (NASDAQ:WTW) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 3,170 shares of the company’s stock, valued at approximately $993,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in Willis Towers Watson Public in the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC bought a new position in shares of Willis Towers Watson Public during the third quarter valued at approximately $41,000. Versant Capital Management Inc raised its holdings in shares of Willis Towers Watson Public by 95.5% in the fourth quarter. Versant Capital Management Inc now owns 174 shares of the company’s stock worth $55,000 after buying an additional 85 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Willis Towers Watson Public by 22.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 237 shares of the company’s stock worth $70,000 after acquiring an additional 43 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in Willis Towers Watson Public during the 3rd quarter valued at $164,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on WTW shares. Roth Mkm lifted their target price on Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. UBS Group upgraded shares of Willis Towers Watson Public to a “hold” rating in a report on Wednesday, October 9th. Raymond James raised shares of Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $365.00 to $400.00 in a research report on Thursday, December 5th. Truist Financial reaffirmed a “buy” rating and set a $380.00 target price (up from $365.00) on shares of Willis Towers Watson Public in a research report on Wednesday, December 4th. Finally, Jefferies Financial Group upgraded Willis Towers Watson Public from a “hold” rating to a “buy” rating and boosted their price target for the company from $352.00 to $382.00 in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $326.33.

Willis Towers Watson Public Price Performance

Shares of WTW stock opened at $309.04 on Friday. The company has a market cap of $31.13 billion, a P/E ratio of -42.45, a PEG ratio of 1.83 and a beta of 0.74. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.72. The stock’s 50-day moving average is $313.05 and its 200 day moving average is $291.74. Willis Towers Watson Public Limited has a 1-year low of $237.50 and a 1-year high of $334.99.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings data on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.25. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the firm earned $2.24 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Research analysts predict that Willis Towers Watson Public Limited will post 16.75 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.88 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.14%. Willis Towers Watson Public’s payout ratio is -48.35%.

About Willis Towers Watson Public

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.