Louisbourg Investments Inc. Lowers Stake in Willis Towers Watson Public Limited (NASDAQ:WTW)

Louisbourg Investments Inc. lessened its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 13.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,491 shares of the company’s stock after selling 2,420 shares during the quarter. Louisbourg Investments Inc.’s holdings in Willis Towers Watson Public were worth $4,852,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in WTW. Summit Trail Advisors LLC bought a new position in shares of Willis Towers Watson Public during the fourth quarter valued at $264,000. Kingsview Wealth Management LLC lifted its stake in shares of Willis Towers Watson Public by 7.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 33,160 shares of the company’s stock worth $10,387,000 after buying an additional 2,198 shares in the last quarter. Cidel Asset Management Inc. purchased a new stake in shares of Willis Towers Watson Public during the fourth quarter valued at approximately $42,964,000. Generate Investment Management Ltd bought a new stake in shares of Willis Towers Watson Public during the fourth quarter valued at approximately $13,571,000. Finally, Golden State Wealth Management LLC purchased a new position in Willis Towers Watson Public in the 4th quarter worth approximately $72,000. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Performance

Shares of WTW stock opened at $319.23 on Wednesday. Willis Towers Watson Public Limited has a 1 year low of $245.04 and a 1 year high of $334.99. The firm has a fifty day moving average price of $317.87 and a 200-day moving average price of $302.69. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.98 and a quick ratio of 1.72.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Tuesday, February 4th. The company reported $8.13 earnings per share (EPS) 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 analyst estimates of $3.05 billion. During the same quarter in the previous year, the company posted $7.44 earnings per share. Willis Towers Watson Public’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Willis Towers Watson Public Limited will post 17.72 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have commented on the company. Barclays increased their target price on Willis Towers Watson Public from $278.00 to $302.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods lifted their price objective on Willis Towers Watson Public from $378.00 to $387.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Evercore ISI upgraded shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and upped their target price for the company from $357.00 to $373.00 in a research note on Wednesday, January 8th. Truist Financial reaffirmed a “buy” rating and set a $380.00 price target (up previously from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. Finally, Jefferies Financial Group raised shares of Willis Towers Watson Public from a “hold” rating to a “buy” rating and boosted their price objective for the company from $352.00 to $382.00 in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Willis Towers Watson Public has a consensus rating of “Moderate Buy” and a consensus price target of $338.69.

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.