Willis Towers Watson Public Limited Company $WTW is Cortland Associates Inc. MO’s Largest Position

Cortland Associates Inc. MO decreased its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,861 shares of the company’s stock after selling 3,238 shares during the period. Willis Towers Watson Public accounts for about 7.8% of Cortland Associates Inc. MO’s holdings, making the stock its biggest position. Cortland Associates Inc. MO owned 0.20% of Willis Towers Watson Public worth $61,402,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of WTW. Brighton Jones LLC increased its stake in shares of Willis Towers Watson Public by 4.7% in the fourth quarter. Brighton Jones LLC now owns 1,368 shares of the company’s stock worth $429,000 after purchasing an additional 61 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Willis Towers Watson Public by 7.6% in the first quarter. NewEdge Advisors LLC now owns 2,588 shares of the company’s stock worth $875,000 after purchasing an additional 182 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Willis Towers Watson Public by 16.9% in the first quarter. Empowered Funds LLC now owns 2,400 shares of the company’s stock worth $811,000 after purchasing an additional 347 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Willis Towers Watson Public by 38.6% in the first quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after purchasing an additional 39 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Willis Towers Watson Public by 12.6% in the second quarter. First Trust Advisors LP now owns 14,806 shares of the company’s stock worth $4,538,000 after purchasing an additional 1,659 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Price Performance

Shares of NASDAQ:WTW opened at $297.84 on Wednesday. The company has a 50 day moving average of $292.53 and a 200 day moving average of $314.00. The stock has a market cap of $28.06 billion, a P/E ratio of 18.18, a P/E/G ratio of 1.31 and a beta of 0.62. Willis Towers Watson Public Limited Company has a 12 month low of $273.59 and a 12 month high of $352.79. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.71.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $8.12 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the previous year, the company earned $8.13 EPS. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Willis Towers Watson Public Limited Company will post 19.5 EPS for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.96 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $3.84 dividend on an annualized basis and a yield of 1.3%. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.92. Willis Towers Watson Public’s dividend payout ratio is presently 23.44%.

Analyst Upgrades and Downgrades

WTW has been the subject of several recent research reports. Wells Fargo & Company reduced their target price on shares of Willis Towers Watson Public from $379.00 to $351.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Wall Street Zen downgraded shares of Willis Towers Watson Public from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Cantor Fitzgerald reduced their price objective on shares of Willis Towers Watson Public from $363.00 to $354.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Bank of America reduced their price objective on shares of Willis Towers Watson Public from $354.00 to $347.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Finally, Truist Financial boosted their price objective 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. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $366.29.

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.