Altrinsic Global Advisors LLC Reduces Position in Willis Towers Watson Public Limited Company $WTW

Altrinsic Global Advisors LLC decreased its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 11.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 533,698 shares of the company’s stock after selling 70,842 shares during the period. Willis Towers Watson Public accounts for 6.8% of Altrinsic Global Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Altrinsic Global Advisors LLC owned approximately 0.56% of Willis Towers Watson Public worth $184,366,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alpine Bank Wealth Management bought a new position in shares of Willis Towers Watson Public in the third quarter worth about $25,000. SOA Wealth Advisors LLC. boosted its stake in Willis Towers Watson Public by 8,200.0% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 83 shares of the company’s stock valued at $29,000 after purchasing an additional 82 shares during the period. Raiffeisen Bank International AG acquired a new stake in Willis Towers Watson Public in the 3rd quarter valued at approximately $31,000. Quent Capital LLC acquired a new stake in Willis Towers Watson Public in the 3rd quarter valued at approximately $34,000. Finally, Elevation Point Wealth Partners LLC bought a new position in Willis Towers Watson Public in the 2nd quarter worth approximately $39,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Cantor Fitzgerald cut their price target on Willis Towers Watson Public from $365.00 to $345.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. Keefe, Bruyette & Woods raised their price objective on shares of Willis Towers Watson Public from $375.00 to $388.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Piper Sandler dropped their target price on shares of Willis Towers Watson Public from $365.00 to $341.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. Truist Financial upped their target price on shares of Willis Towers Watson Public from $380.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Finally, Mizuho reduced their price target on shares of Willis Towers Watson Public from $392.00 to $358.00 and set an “outperform” rating for the company in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $373.14.

Willis Towers Watson Public Trading Up 1.0%

Willis Towers Watson Public stock opened at $289.54 on Friday. The business has a 50 day moving average price of $310.68 and a two-hundred day moving average price of $322.70. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.71. Willis Towers Watson Public Limited Company has a 12 month low of $275.60 and a 12 month high of $352.79. The stock has a market cap of $27.38 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.29 and a beta of 0.62.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $8.12 earnings per share for the quarter, topping the consensus estimate of $7.93 by $0.19. The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.87 billion. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.Willis Towers Watson Public’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $8.13 EPS. As a group, equities analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public Increases Dividend

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

About Willis Towers Watson Public

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.