Citigroup Inc. Boosts Position in Willis Towers Watson Public Limited Company $WTW

Citigroup Inc. raised its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 35.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,826 shares of the company’s stock after buying an additional 36,350 shares during the period. Citigroup Inc. owned about 0.15% of Willis Towers Watson Public worth $48,303,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Personal CFO Solutions LLC acquired a new position in shares of Willis Towers Watson Public during the 3rd quarter valued at $241,000. Raiffeisen Bank International AG acquired a new position in shares of Willis Towers Watson Public during the third quarter worth about $31,000. Syon Capital LLC lifted its stake in shares of Willis Towers Watson Public by 13.0% during the third quarter. Syon Capital LLC now owns 1,656 shares of the company’s stock worth $572,000 after purchasing an additional 190 shares in the last quarter. Advisors Capital Management LLC boosted its position in shares of Willis Towers Watson Public by 7.5% in the third quarter. Advisors Capital Management LLC now owns 4,419 shares of the company’s stock worth $1,527,000 after buying an additional 308 shares during the period. Finally, Crestwood Advisors Group LLC purchased a new stake in shares of Willis Towers Watson Public during the 3rd quarter valued at about $202,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Down 0.1%

Shares of Willis Towers Watson Public stock opened at $291.27 on Wednesday. The business has a 50-day moving average price of $319.40 and a 200 day moving average price of $325.86. Willis Towers Watson Public Limited Company has a fifty-two week low of $275.60 and a fifty-two week high of $352.79. The firm has a market cap of $27.89 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.31 and a beta of 0.62. The company has a quick ratio of 1.69, a current ratio of 2.21 and a debt-to-equity ratio of 0.71.

Willis Towers Watson Public (NASDAQ:WTW) last released its 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 return on equity of 20.91% and a net margin of 16.53%.The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the business posted $8.13 EPS. Willis Towers Watson Public’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, sell-side analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.92 per share. The ex-dividend date was Wednesday, December 31st. This represents a $3.68 annualized dividend and a yield of 1.3%. Willis Towers Watson Public’s payout ratio is presently 22.47%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WTW. Citigroup upped their price target 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. Evercore upped their target price on shares of Willis Towers Watson Public from $383.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. TD Cowen dropped their price target on shares of Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Wells Fargo & Company boosted their price objective on shares of Willis Towers Watson Public from $366.00 to $379.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Finally, Barclays raised their target price on Willis Towers Watson Public from $303.00 to $318.00 and gave the company an “underweight” rating in a research note on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Willis Towers Watson Public currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.50.

Willis Towers Watson Public 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.