Barclays PLC Sells 13,601 Shares of Willis Towers Watson Public Limited Company $WTW

Barclays PLC lessened its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 4.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 310,673 shares of the company’s stock after selling 13,601 shares during the quarter. Barclays PLC owned approximately 0.32% of Willis Towers Watson Public worth $107,322,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Heartland Advisors Inc. boosted its stake in shares of Willis Towers Watson Public by 25.4% in the 3rd quarter. Heartland Advisors Inc. now owns 23,959 shares of the company’s stock worth $8,277,000 after buying an additional 4,859 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Willis Towers Watson Public by 1.8% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 196,833 shares of the company’s stock valued at $67,996,000 after acquiring an additional 3,454 shares in the last quarter. Wealthfront Advisers LLC increased its position in shares of Willis Towers Watson Public by 48.3% during the third quarter. Wealthfront Advisers LLC now owns 17,840 shares of the company’s stock valued at $6,163,000 after acquiring an additional 5,813 shares during the last quarter. First Horizon Corp bought a new stake in Willis Towers Watson Public during the third quarter worth $651,000. Finally, Capital Fund Management S.A. bought a new stake in Willis Towers Watson Public during the second quarter worth $9,570,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

WTW has been the subject of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Willis Towers Watson Public in a research note on Monday, December 29th. Truist Financial lifted their target price on Willis Towers Watson Public from $380.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Cantor Fitzgerald cut their price target on shares of Willis Towers Watson Public from $365.00 to $345.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Keefe, Bruyette & Woods increased their price target on shares of Willis Towers Watson Public from $375.00 to $388.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Finally, Piper Sandler decreased their price objective on shares of Willis Towers Watson Public from $365.00 to $341.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $371.50.

Willis Towers Watson Public Stock Performance

NASDAQ:WTW opened at $302.94 on Friday. The company has a market capitalization of $28.64 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.35 and a beta of 0.62. The business has a fifty day simple moving average of $314.70 and a two-hundred day simple moving average of $324.32. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.21 and a quick ratio of 2.21. Willis Towers Watson Public Limited Company has a 1 year low of $275.60 and a 1 year high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $8.12 EPS for the quarter, beating analysts’ consensus estimates of $7.93 by $0.19. The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.13 EPS. On average, analysts expect that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 1.3%. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Tuesday, March 31st. Willis Towers Watson Public’s payout ratio is currently 22.47%.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.