Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC grew its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 29.7% during the 4th quarter, Holdings Channel reports. The firm owned 5,429 shares of the company’s stock after purchasing an additional 1,243 shares during the period. NEOS Investment Management LLC’s holdings in Willis Towers Watson Public were worth $1,701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of WTW. JPMorgan Chase & Co. boosted its stake in Willis Towers Watson Public by 25.1% during the fourth quarter. JPMorgan Chase & Co. now owns 234,321 shares of the company’s stock valued at $73,399,000 after buying an additional 47,054 shares in the last quarter. Elo Mutual Pension Insurance Co bought a new position in shares of Willis Towers Watson Public during the 4th quarter valued at about $3,170,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Willis Towers Watson Public by 3.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,339 shares of the company’s stock valued at $47,697,000 after purchasing an additional 4,537 shares in the last quarter. Trust Investment Advisors acquired a new position in shares of Willis Towers Watson Public in the 4th quarter worth approximately $218,000. Finally, Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Willis Towers Watson Public by 2.4% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,013 shares of the company’s stock worth $631,000 after purchasing an additional 47 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Insider Buying and Selling at Willis Towers Watson Public

In related news, insider Julie Jarecke Gebauer sold 3,384 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $335.77, for a total transaction of $1,136,245.68. Following the transaction, the insider now owns 74,417 shares of the company’s stock, valued at approximately $24,986,996.09. This trade represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WTW. UBS Group upgraded shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and raised their target price for the stock from $344.00 to $395.00 in a report on Tuesday, March 18th. Jefferies Financial Group upgraded Willis Towers Watson Public from a “hold” rating to a “buy” rating and lifted their target price for the stock from $352.00 to $382.00 in a report on Friday, December 20th. Wells Fargo & Company reduced their target price on Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Truist Financial reiterated a “buy” rating and issued a $380.00 price target (up previously from $365.00) on shares of Willis Towers Watson Public in a research report on Wednesday, December 4th. Finally, Evercore ISI upgraded Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $357.00 to $373.00 in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $346.15.

Willis Towers Watson Public Price Performance

Shares of WTW opened at $337.16 on Friday. The business’s 50-day moving average is $328.33 and its 200-day moving average is $313.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.98 and a quick ratio of 1.72. The company has a market capitalization of $33.61 billion, a price-to-earnings ratio of -337.16, a P/E/G ratio of 2.95 and a beta of 0.71. Willis Towers Watson Public Limited has a fifty-two week low of $245.04 and a fifty-two week high of $344.14.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Tuesday, February 4th. The company reported $8.13 earnings per share for the quarter, beating the consensus estimate of $8.01 by $0.12. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the business earned $7.44 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts expect that Willis Towers Watson Public Limited will post 17.32 EPS for the current fiscal 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 given a dividend of $0.92 per share. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.88. The ex-dividend date is Monday, March 31st. This represents a $3.68 dividend on an annualized basis and a yield of 1.09%. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently -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.