American Century Companies Inc. Reduces Stock Holdings in Willis Towers Watson Public Limited Company $WTW

American Century Companies Inc. lessened its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 12.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 692,394 shares of the company’s stock after selling 101,179 shares during the period. American Century Companies Inc. owned approximately 0.72% of Willis Towers Watson Public worth $239,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new stake in Willis Towers Watson Public during the 3rd quarter worth about $25,000. SOA Wealth Advisors LLC. lifted its holdings in shares of Willis Towers Watson Public by 8,200.0% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 83 shares of the company’s stock valued at $29,000 after buying an additional 82 shares during the period. Raiffeisen Bank International AG purchased a new stake in shares of Willis Towers Watson Public in the third quarter worth about $31,000. Quent Capital LLC acquired a new stake in Willis Towers Watson Public during the third quarter worth about $34,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Willis Towers Watson Public during the second quarter worth about $39,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Trading Down 1.0%

Shares of WTW stock opened at $305.17 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.69 and a debt-to-equity ratio of 0.71. Willis Towers Watson Public Limited Company has a twelve month low of $275.60 and a twelve month high of $352.79. The company’s 50-day moving average price is $317.76 and its 200-day moving average price is $325.34. The stock has a market cap of $28.85 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.37 and a beta of 0.62.

Willis Towers Watson Public (NASDAQ:WTW) last issued 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. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.87 billion. Willis Towers Watson Public had a net margin of 16.53% and a return on equity of 20.91%. Willis Towers Watson Public’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.13 earnings per share. As a group, equities analysts predict that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.96 dividend. 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 yield of 1.3%. The ex-dividend date is Tuesday, March 31st. Willis Towers Watson Public’s payout ratio is currently 22.47%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WTW. Piper Sandler decreased 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. UBS Group lifted their target price on shares of Willis Towers Watson Public from $398.00 to $409.00 and gave the company a “buy” rating in a report on Monday, February 9th. Wells Fargo & Company increased their price target 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. Weiss Ratings restated a “buy (b)” rating on shares of Willis Towers Watson Public in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Willis Towers Watson Public has a consensus rating of “Moderate Buy” and an average target price of $371.50.

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.