Canoe Financial LP Sells 246,012 Shares of Willis Towers Watson Public Limited Company $WTW

Canoe Financial LP cut its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 94.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,116 shares of the company’s stock after selling 246,012 shares during the period. Canoe Financial LP’s holdings in Willis Towers Watson Public were worth $4,104,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WTW. Bartlett & CO. Wealth Management LLC increased its holdings in shares of Willis Towers Watson Public by 375.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock worth $25,000 after buying an additional 60 shares in the last quarter. MV Capital Management Inc. acquired a new position in shares of Willis Towers Watson Public in the 4th quarter worth approximately $29,000. Larson Financial Group LLC grew its position in Willis Towers Watson Public by 72.5% during the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after acquiring an additional 37 shares during the last quarter. Fideuram Asset Management Ireland dac acquired a new stake in Willis Towers Watson Public during the 4th quarter valued at $28,000. Finally, Reflection Asset Management acquired a new stake in Willis Towers Watson Public during the 4th quarter valued at $31,000. 93.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Willis Towers Watson Public news, insider Lucy Clarke bought 1,896 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were bought at an average cost of $263.37 per share, for a total transaction of $499,349.52. Following the transaction, the insider owned 22,717 shares in the company, valued at approximately $5,982,976.29. This trade represents a 9.11% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.40% of the company’s stock.

Willis Towers Watson Public Price Performance

Shares of WTW opened at $265.43 on Monday. The business’s fifty day moving average price is $263.53 and its two-hundred day moving average price is $293.05. The firm has a market capitalization of $25.07 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 0.85 and a beta of 0.43. Willis Towers Watson Public Limited Company has a 52 week low of $240.61 and a 52 week high of $352.79. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.92 and a current ratio of 2.92.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Friday, May 1st. The company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.07. Willis Towers Watson Public had a return on equity of 21.52% and a net margin of 16.84%.The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the company posted $3.13 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. On average, analysts predict that Willis Towers Watson Public Limited Company will post 19.52 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Willis Towers Watson Public’s payout ratio is currently 22.39%.

Analysts Set New Price Targets

A number of research firms have commented on WTW. Barclays reduced their price objective on Willis Towers Watson Public from $341.00 to $322.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. BMO Capital Markets raised Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and cut their price target for the company from $347.00 to $300.00 in a report on Friday, May 1st. Weiss Ratings downgraded shares of Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Wells Fargo & Company decreased their price objective on shares of Willis Towers Watson Public from $379.00 to $351.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, UBS Group lowered their price objective on shares of Willis Towers Watson Public from $400.00 to $374.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $350.00.

Willis Towers Watson Public Profile

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.