Assenagon Asset Management S.A. Increases Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Assenagon Asset Management S.A. grew its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTWFree Report) by 12.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,672 shares of the company’s stock after purchasing an additional 400 shares during the period. Assenagon Asset Management S.A.’s holdings in Willis Towers Watson Public were worth $1,150,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Capital Performance Advisors LLP bought a new stake in Willis Towers Watson Public during the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Willis Towers Watson Public during the third quarter valued at approximately $41,000. Versant Capital Management Inc increased its position in shares of Willis Towers Watson Public by 95.5% during the fourth 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. Farther Finance Advisors LLC lifted its position in Willis Towers Watson Public by 22.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 237 shares of the company’s stock valued at $70,000 after acquiring an additional 43 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Willis Towers Watson Public during the 3rd quarter valued at $164,000. 93.09% of the stock is owned by institutional investors.

Willis Towers Watson Public Price Performance

NASDAQ WTW opened at $322.37 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.72 and a current ratio of 1.72. The business’s fifty day moving average is $315.38 and its 200 day moving average is $297.04. The company has a market capitalization of $32.47 billion, a PE ratio of -44.28, a price-to-earnings-growth ratio of 1.72 and a beta of 0.74. Willis Towers Watson Public Limited has a fifty-two week low of $242.54 and a fifty-two week high of $334.99.

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

Willis Towers Watson Public Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.52 annualized dividend and a dividend yield of 1.09%. Willis Towers Watson Public’s payout ratio is -48.35%.

Analyst Upgrades and Downgrades

WTW has been the subject of several recent analyst reports. Keefe, Bruyette & Woods boosted their price target on 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. Roth Mkm upped their target price on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. 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 report on Tuesday, January 14th. Evercore ISI raised shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $357.00 to $373.00 in a report on Wednesday, January 8th. Finally, Truist Financial restated 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. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $333.64.

Check Out Our Latest Report on Willis Towers Watson Public

Willis Towers Watson Public Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Willis Towers Watson Public (NASDAQ:WTW)

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