Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,470 shares of the company’s stock after selling 461 shares during the period. Mackenzie Financial Corp owned 0.06% of Willis Towers Watson Public worth $13,862,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Resurgent Financial Advisors LLC purchased a new stake in Willis Towers Watson Public in the 4th quarter worth approximately $27,000. Exchange Traded Concepts LLC acquired a new stake in shares of Willis Towers Watson Public during the fourth quarter worth $29,000. Loomis Sayles & Co. L P acquired a new position in Willis Towers Watson Public in the third quarter valued at $28,000. Covington Capital Management purchased a new position in Willis Towers Watson Public during the third quarter worth about $32,000. Finally, Money Concepts Capital Corp acquired a new stake in Willis Towers Watson Public in the 4th quarter worth about $37,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

WTW has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of Willis Towers Watson Public from $248.00 to $270.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Stifel Nicolaus increased their price target on shares of Willis Towers Watson Public from $236.00 to $268.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Citigroup raised shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $236.00 to $315.00 in a research note on Monday, February 12th. Keefe, Bruyette & Woods lifted their target price on Willis Towers Watson Public from $307.00 to $317.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Finally, BMO Capital Markets upgraded Willis Towers Watson Public from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $236.00 to $298.00 in a research note on Monday, February 12th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Willis Towers Watson Public has an average rating of “Moderate Buy” and a consensus target price of $290.54.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW opened at $262.99 on Friday. The company has a market capitalization of $26.89 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.48 and a beta of 0.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 1.45. Willis Towers Watson Public Limited has a 1-year low of $195.29 and a 1-year high of $278.86. The business has a 50-day moving average of $271.54 and a 200-day moving average of $248.90.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $7.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.05 by $0.39. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.91 billion. Willis Towers Watson Public had a net margin of 11.12% and a return on equity of 15.70%. Willis Towers Watson Public’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $6.33 earnings per share. On average, equities analysts anticipate that Willis Towers Watson Public Limited will post 16.2 EPS for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were given a $0.88 dividend. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.84. This represents a $3.52 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Wednesday, March 27th. Willis Towers Watson Public’s dividend payout ratio is presently 35.13%.

Insider Activity

In related news, CFO Andrew Jay Krasner sold 1,100 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $272.13, for a total value of $299,343.00. Following the completion of the transaction, the chief financial officer now owns 4,170 shares of the company’s stock, valued at $1,134,782.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.22% of the company’s stock.

Willis Towers Watson Public Company 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.