Proficio Capital Partners LLC Buys 457,025 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Proficio Capital Partners LLC grew its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 33,979.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 458,370 shares of the company’s stock after buying an additional 457,025 shares during the period. Proficio Capital Partners LLC’s holdings in Willis Towers Watson Public were worth $143,580,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its position in shares of Willis Towers Watson Public by 12.5% in the third quarter. Assenagon Asset Management S.A. now owns 3,272 shares of the company’s stock valued at $964,000 after acquiring an additional 364 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Willis Towers Watson Public by 31.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,553 shares of the company’s stock worth $2,506,000 after purchasing an additional 2,057 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Willis Towers Watson Public by 23.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,920 shares of the company’s stock valued at $1,449,000 after buying an additional 920 shares in the last quarter. Modera Wealth Management LLC bought a new stake in shares of Willis Towers Watson Public during the third quarter valued at approximately $220,000. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Willis Towers Watson Public by 5.8% in the third quarter. State of Alaska Department of Revenue now owns 11,800 shares of the company’s stock worth $3,475,000 after buying an additional 645 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WTW shares. Wells Fargo & Company reduced their price target on shares of Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Jefferies Financial Group upgraded Willis Towers Watson Public from a “hold” rating to a “buy” rating and boosted their target price 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 raised their price target for the company from $357.00 to $373.00 in a report on Wednesday, January 8th. Truist Financial reaffirmed a “buy” rating and set a $380.00 price objective (up from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. Finally, Keefe, Bruyette & Woods increased their target price on Willis Towers Watson Public from $378.00 to $387.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and an average price target of $342.08.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ:WTW opened at $336.34 on Thursday. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $33.88 billion, a price-to-earnings ratio of -336.34, a PEG ratio of 2.95 and a beta of 0.74. Willis Towers Watson Public Limited has a 12 month low of $245.04 and a 12 month high of $338.46. The firm’s 50-day moving average is $319.92 and its 200 day moving average is $306.33.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $8.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.01 by $0.12. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.05 billion. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. Willis Towers Watson Public’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $7.44 EPS. Research analysts predict that Willis Towers Watson Public Limited will post 17.32 EPS for the current year.

Willis Towers Watson Public Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.92 dividend. The ex-dividend date is Monday, March 31st. This represents a $3.68 annualized dividend and a yield of 1.09%. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.88. Willis Towers Watson Public’s dividend payout ratio is -368.00%.

Willis Towers Watson Public 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.