Canoe Financial LP Purchases 2,539 Shares of Willis Towers Watson Public Limited Company $WTW

Canoe Financial LP raised its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 260,128 shares of the company’s stock after buying an additional 2,539 shares during the period. Canoe Financial LP owned about 0.27% of Willis Towers Watson Public worth $85,478,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Alpine Bank Wealth Management purchased a new position in Willis Towers Watson Public during the 3rd quarter valued at $25,000. SOA Wealth Advisors LLC. lifted its position in shares of Willis Towers Watson Public by 8,200.0% during 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 last quarter. Raiffeisen Bank International AG bought a new stake in shares of Willis Towers Watson Public during the third quarter worth $31,000. Quent Capital LLC purchased a new stake in shares of Willis Towers Watson Public during the third quarter valued at $34,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Willis Towers Watson Public during the second quarter valued at $39,000. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Performance

WTW stock opened at $282.18 on Friday. Willis Towers Watson Public Limited Company has a 1-year low of $275.60 and a 1-year high of $352.79. The business has a 50-day moving average price of $302.36 and a 200 day moving average price of $319.96. The company has a market capitalization of $26.68 billion, a P/E ratio of 17.23, a PEG ratio of 1.26 and a beta of 0.62. 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 (NASDAQ:WTW) last issued its earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.93 by $0.19. Willis Towers Watson Public had a net margin of 16.53% and a return on equity of 20.91%. The company had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the prior year, the business earned $8.13 EPS. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. As a group, equities research analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.96 per share. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.92. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, March 31st. Willis Towers Watson Public’s payout ratio is 23.44%.

Wall Street Analyst Weigh In

Several research analysts recently commented on WTW shares. Keefe, Bruyette & Woods raised their price target 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. Wall Street Zen upgraded shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Mizuho reduced their target price on shares of Willis Towers Watson Public from $392.00 to $358.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Cantor Fitzgerald decreased their price target on shares of Willis Towers Watson Public from $365.00 to $345.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Finally, Piper Sandler lowered their price target on 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 research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.