Elo Mutual Pension Insurance Co Buys New Shares in Willis Towers Watson Public Limited (NASDAQ:WTW)

Elo Mutual Pension Insurance Co bought a new position in Willis Towers Watson Public Limited (NASDAQ:WTW) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,120 shares of the company’s stock, valued at approximately $3,170,000.

Several other hedge funds and other institutional investors have also modified their holdings of WTW. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Willis Towers Watson Public by 12.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 337 shares of the company’s stock valued at $106,000 after buying an additional 38 shares during the period. Glenmede Trust Co. NA raised its stake in shares of Willis Towers Watson Public by 3.1% during the third quarter. Glenmede Trust Co. NA now owns 1,419 shares of the company’s stock valued at $418,000 after purchasing an additional 42 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Willis Towers Watson Public by 2.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,013 shares of the company’s stock worth $631,000 after purchasing an additional 47 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Willis Towers Watson Public by 10.4% in the fourth quarter. UMB Bank n.a. now owns 520 shares of the company’s stock valued at $163,000 after purchasing an additional 49 shares during the period. Finally, Concurrent Investment Advisors LLC grew its holdings in Willis Towers Watson Public by 4.7% during the 4th quarter. Concurrent Investment Advisors LLC now owns 1,117 shares of the company’s stock valued at $350,000 after purchasing an additional 50 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WTW has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Willis Towers Watson Public from $378.00 to $387.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Truist Financial reiterated a “buy” rating and issued a $380.00 price target (up previously from $365.00) on shares of Willis Towers Watson Public in a research note on Wednesday, December 4th. UBS Group upgraded Willis Towers Watson Public from a “neutral” rating to a “buy” rating and raised their price objective for the company from $344.00 to $395.00 in a research note on Tuesday, March 18th. Raymond James raised Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $365.00 to $400.00 in a research report on Thursday, December 5th. Finally, Evercore ISI raised shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $357.00 to $373.00 in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $346.15.

Insider Transactions at Willis Towers Watson Public

In other news, insider Julie Jarecke Gebauer sold 3,384 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $335.77, for a total transaction of $1,136,245.68. Following the completion of the transaction, the insider now owns 74,417 shares in the company, valued at approximately $24,986,996.09. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.22% of the company’s stock.

Willis Towers Watson Public Stock Performance

Willis Towers Watson Public stock opened at $337.16 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.98 and a quick ratio of 1.72. Willis Towers Watson Public Limited has a 12 month low of $245.04 and a 12 month high of $344.14. The company has a fifty day moving average price of $328.33 and a two-hundred day moving average price of $313.33. The company has a market cap of $33.61 billion, a PE ratio of -337.16, a P/E/G ratio of 2.95 and a beta of 0.71.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $8.13 EPS for the quarter, beating the consensus estimate of $8.01 by $0.12. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period in the previous year, the business posted $7.44 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Research analysts expect that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.88. This represents a $3.68 annualized dividend and a dividend yield of 1.09%. Willis Towers Watson Public’s dividend payout ratio is -368.00%.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.