Allspring Global Investments Holdings LLC Reduces Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Allspring Global Investments Holdings LLC lowered its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 65.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,885 shares of the company’s stock after selling 84,653 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Willis Towers Watson Public were worth $13,882,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Timber Creek Capital Management LLC lifted its holdings in shares of Willis Towers Watson Public by 11.4% in the third quarter. Timber Creek Capital Management LLC now owns 19,099 shares of the company’s stock worth $5,625,000 after buying an additional 1,957 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of Willis Towers Watson Public by 71.7% during the third quarter. OneDigital Investment Advisors LLC now owns 6,644 shares of the company’s stock valued at $1,957,000 after purchasing an additional 2,775 shares during the period. Intech Investment Management LLC boosted its stake in shares of Willis Towers Watson Public by 28.3% during the third quarter. Intech Investment Management LLC now owns 104,414 shares of the company’s stock valued at $30,753,000 after purchasing an additional 23,001 shares during the period. Atom Investors LP boosted its stake in shares of Willis Towers Watson Public by 64.0% during the third 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 period. Finally, JPMorgan Chase & Co. lifted its stake in Willis Towers Watson Public by 24.9% in the third quarter. JPMorgan Chase & Co. now owns 187,267 shares of the company’s stock worth $55,156,000 after acquiring an additional 37,340 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Performance

Shares of WTW opened at $320.40 on Tuesday. The company has a market capitalization of $32.27 billion, a price-to-earnings ratio of -320.40, a price-to-earnings-growth ratio of 2.91 and a beta of 0.74. Willis Towers Watson Public Limited has a 52-week low of $245.04 and a 52-week high of $334.99. The stock has a 50 day moving average price of $317.21 and a 200 day moving average price of $303.76. 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 posted its quarterly earnings data on Tuesday, February 4th. The company reported $8.13 earnings per share for the quarter, beating the consensus estimate of $8.01 by $0.12. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the prior year, the company earned $7.44 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. Research analysts predict that Willis Towers Watson Public Limited will post 17.72 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Tuesday, December 31st. Willis Towers Watson Public’s dividend payout ratio is currently -352.00%.

Analysts Set New Price Targets

Several analysts have commented on WTW shares. Barclays increased their price target on shares of Willis Towers Watson Public from $278.00 to $302.00 and gave the company an “underweight” rating in a research report on Thursday, November 21st. Raymond James raised shares of Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $365.00 to $400.00 in a research note on Thursday, December 5th. Jefferies Financial Group raised shares of Willis Towers Watson Public from a “hold” rating to a “buy” rating and lifted their price target for the company from $352.00 to $382.00 in a research note on Friday, December 20th. Evercore ISI raised shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $357.00 to $373.00 in a research note on Wednesday, January 8th. Finally, Truist Financial reissued a “buy” rating and set a $380.00 price target (up previously from $365.00) on shares of Willis Towers Watson Public in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and an average target price of $342.08.

Willis Towers Watson Public Company 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.