Allworth Financial LP Buys 83 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Allworth Financial LP lifted its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 22.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 450 shares of the company’s stock after acquiring an additional 83 shares during the period. Allworth Financial LP’s holdings in Willis Towers Watson Public were worth $144,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in Willis Towers Watson Public during the 3rd quarter valued at about $27,000. Y.D. More Investments Ltd raised its holdings 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 worth $39,000 after purchasing an additional 69 shares during the period. Ashton Thomas Securities LLC acquired 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% 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 during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Willis Towers Watson Public by 22.2% during the third quarter. Farther Finance Advisors LLC now owns 237 shares of the company’s stock valued at $70,000 after acquiring an additional 43 shares during the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on WTW shares. Raymond James raised Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $365.00 to $400.00 in a report on Thursday, December 5th. Truist Financial reiterated a “buy” rating and issued a $380.00 price objective (up from $365.00) on shares of Willis Towers Watson Public in a research report on Wednesday, December 4th. Jefferies Financial Group upgraded Willis Towers Watson Public from a “hold” rating to a “buy” rating and raised their price target for the stock from $352.00 to $382.00 in a research report on Friday, December 20th. Evercore ISI upgraded Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $357.00 to $373.00 in a research note on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods increased their price objective on Willis Towers Watson Public from $378.00 to $387.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and a consensus price target of $342.08.

Willis Towers Watson Public Price Performance

WTW stock opened at $325.95 on Monday. The company has a market capitalization of $32.83 billion, a P/E ratio of -325.95, a PEG ratio of 2.95 and a beta of 0.74. Willis Towers Watson Public Limited has a twelve month low of $245.04 and a twelve month high of $334.99. The business has a 50 day simple moving average of $318.60 and a 200-day simple moving average of $305.16. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $8.13 earnings per share for the quarter, topping 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 firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the company earned $7.44 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts anticipate that Willis Towers Watson Public Limited will post 17.32 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Tuesday, December 31st. Willis Towers Watson Public’s payout ratio is -352.00%.

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.