Willis Towers Watson Public Limited (NASDAQ:WTW) Position Lessened by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,230 shares of the company’s stock after selling 1,051 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Willis Towers Watson Public were worth $8,229,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. First Eagle Investment Management LLC increased its position in Willis Towers Watson Public by 2.9% in the 4th quarter. First Eagle Investment Management LLC now owns 5,568,252 shares of the company’s stock valued at $1,343,062,000 after acquiring an additional 158,234 shares during the period. Victory Capital Management Inc. increased its position in Willis Towers Watson Public by 4,811.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,472,707 shares of the company’s stock valued at $355,217,000 after acquiring an additional 1,442,722 shares during the period. Bank of New York Mellon Corp increased its position in shares of Willis Towers Watson Public by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 1,466,992 shares of the company’s stock valued at $403,423,000 after purchasing an additional 32,792 shares during the period. Norges Bank acquired a new position in shares of Willis Towers Watson Public during the 4th quarter valued at $300,782,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Willis Towers Watson Public by 3.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 659,964 shares of the company’s stock valued at $159,177,000 after purchasing an additional 23,805 shares during the period. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Down 0.5 %

Shares of Willis Towers Watson Public stock traded down $1.34 during midday trading on Friday, hitting $283.02. The company’s stock had a trading volume of 381,501 shares, compared to its average volume of 423,761. The firm has a market capitalization of $28.74 billion, a P/E ratio of 28.39, a PEG ratio of 1.48 and a beta of 0.73. Willis Towers Watson Public Limited has a 1-year low of $195.29 and a 1-year high of $285.99. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.56. The stock has a 50-day simple moving average of $262.51 and a 200-day simple moving average of $263.26.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.27. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 earnings per share. As a group, sell-side analysts expect that Willis Towers Watson Public Limited will post 16.57 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 Monday, July 15th. Investors of record on Sunday, June 30th were given a dividend of $0.88 per share. The ex-dividend date was Friday, June 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.24%. Willis Towers Watson Public’s payout ratio is 35.31%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WTW shares. Evercore ISI lifted their price target on Willis Towers Watson Public from $290.00 to $295.00 and gave the company an “in-line” rating in a research report on Friday, April 26th. Piper Sandler lifted their price target on Willis Towers Watson Public from $297.00 to $303.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Morgan Stanley lowered their price target on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Wells Fargo & Company raised their price objective on Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, Citigroup reduced their price objective on 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. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Willis Towers Watson Public presently has an average rating of “Moderate Buy” and a consensus target price of $300.21.

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.