Sendero Wealth Management LLC Boosts Stock Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Sendero Wealth Management LLC lifted its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 2.1% in the first quarter, HoldingsChannel.com reports. The firm owned 15,407 shares of the company’s stock after purchasing an additional 310 shares during the period. Willis Towers Watson Public comprises 0.7% of Sendero Wealth Management LLC’s investment portfolio, making the stock its 29th largest position. Sendero Wealth Management LLC’s holdings in Willis Towers Watson Public were worth $4,237,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Blueshift Asset Management LLC lifted its holdings in Willis Towers Watson Public by 2.6% in the fourth quarter. Blueshift Asset Management LLC now owns 1,494 shares of the company’s stock worth $360,000 after buying an additional 38 shares during the period. US Bancorp DE lifted its holdings in Willis Towers Watson Public by 0.3% in the fourth quarter. US Bancorp DE now owns 12,992 shares of the company’s stock worth $3,134,000 after buying an additional 39 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Willis Towers Watson Public by 19.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the company’s stock worth $60,000 after buying an additional 41 shares during the period. Kestra Advisory Services LLC lifted its holdings in Willis Towers Watson Public by 3.6% in the third quarter. Kestra Advisory Services LLC now owns 1,743 shares of the company’s stock worth $364,000 after buying an additional 60 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its holdings in Willis Towers Watson Public by 3.6% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 1,721 shares of the company’s stock worth $411,000 after buying an additional 60 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WTW. Bank of America raised shares of Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and raised their target price for the company from $272.00 to $304.00 in a research note on Wednesday, May 22nd. Evercore ISI raised their target price on shares of Willis Towers Watson Public from $290.00 to $295.00 and gave the company an “in-line” rating in a research note on Friday, April 26th. Citigroup decreased their target price on shares of Willis Towers Watson Public from $315.00 to $312.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Keefe, Bruyette & Woods decreased their target price on shares of Willis Towers Watson Public from $317.00 to $311.00 and set an “outperform” rating for the company in a research note on Monday, May 6th. Finally, Piper Sandler raised their target price on shares of Willis Towers Watson Public from $297.00 to $303.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and eight have given a 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 $296.14.

Willis Towers Watson Public Stock Performance

NASDAQ:WTW traded down $1.89 during trading hours on Friday, reaching $262.14. The company had a trading volume of 784,081 shares, compared to its average volume of 463,884. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.55. Willis Towers Watson Public Limited has a 52 week low of $195.29 and a 52 week high of $278.86. The firm has a market cap of $26.80 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 1.50 and a beta of 0.75. The firm’s 50 day moving average price is $256.13 and its 200-day moving average price is $258.47.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Thursday, April 25th. The company reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. Willis Towers Watson Public had a net margin of 10.88% and a return on equity of 16.31%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the previous year, the firm posted $2.84 EPS. The firm’s revenue was up 4.3% on a year-over-year basis. On average, analysts forecast that Willis Towers Watson Public Limited will post 16.27 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, June 28th. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 35.31%.

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.