Willis Towers Watson Public Limited Company $WTW Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC reduced its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 73.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 911 shares of the company’s stock after selling 2,581 shares during the period. Confluence Investment Management LLC’s holdings in Willis Towers Watson Public were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.

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

Willis Towers Watson Public Stock Performance

WTW opened at $291.25 on Friday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.71. The firm has a market cap of $27.54 billion, a PE ratio of 17.78, a P/E/G ratio of 1.30 and a beta of 0.62. The business has a fifty day simple moving average of $306.31 and a 200-day simple moving average of $321.38. Willis Towers Watson Public Limited Company has a fifty-two week low of $275.60 and a fifty-two week high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.93 by $0.19. The business 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 company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $8.13 EPS. As a group, equities analysts predict that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Increases Dividend

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

Wall Street Analyst Weigh In

WTW has been the subject of several research analyst reports. Mizuho cut their price objective on 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. Citigroup lifted their target price on Willis Towers Watson Public from $351.00 to $366.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Cantor Fitzgerald dropped 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 research report on Wednesday, January 14th. Piper Sandler cut their price target 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. Finally, Barclays upgraded shares of Willis Towers Watson Public from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $318.00 to $341.00 in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Willis Towers Watson Public has an average rating of “Moderate Buy” and a consensus target price of $373.14.

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.