Mackenzie Financial Corp Has $13.86 Million Stock Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Mackenzie Financial Corp lowered its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,470 shares of the company’s stock after selling 461 shares during the quarter. Mackenzie Financial Corp’s holdings in Willis Towers Watson Public were worth $13,862,000 as of its most recent SEC filing.

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

Insider Activity

In related news, CFO Andrew Jay Krasner sold 1,100 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $272.13, for a total value of $299,343.00. Following the sale, the chief financial officer now owns 4,170 shares of the company’s stock, valued at $1,134,782.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

WTW has been the subject of several analyst reports. Morgan Stanley lifted 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. Keefe, Bruyette & Woods upped their price target on Willis Towers Watson Public from $307.00 to $317.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Wells Fargo & Company cut their price objective on Willis Towers Watson Public from $320.00 to $318.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Citigroup upgraded Willis Towers Watson Public from a “neutral” rating to a “buy” rating and increased their price target for the company from $236.00 to $315.00 in a report on Monday, February 12th. Finally, Raymond James restated an “outperform” rating and issued a $315.00 price objective (up from $295.00) on shares of Willis Towers Watson Public in a research note on Thursday, March 28th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $290.54.

Willis Towers Watson Public Stock Performance

NASDAQ:WTW opened at $262.99 on Friday. The firm’s 50-day moving average is $271.54 and its 200-day moving average is $248.90. The company has a market cap 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 quick ratio of 1.45 and a current ratio of 1.45. Willis Towers Watson Public Limited has a 52-week low of $195.29 and a 52-week high of $278.86.

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

Willis Towers Watson Public Increases Dividend

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

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.