Mitsubishi UFJ Trust & Banking Corp Trims Stock Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,485 shares of the company’s stock after selling 8,538 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Willis Towers Watson Public were worth $18,007,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Willis Towers Watson Public by 277.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 844,417 shares of the company’s stock worth $248,706,000 after acquiring an additional 620,926 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Willis Towers Watson Public by 47,515.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 499,965 shares of the company’s stock valued at $147,255,000 after purchasing an additional 498,915 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Willis Towers Watson Public by 33,979.6% in the 4th quarter. Proficio Capital Partners LLC now owns 458,370 shares of the company’s stock valued at $143,580,000 after purchasing an additional 457,025 shares during the period. Canoe Financial LP acquired a new stake in Willis Towers Watson Public during the fourth quarter valued at $47,883,000. Finally, Cidel Asset Management Inc. purchased a new position in Willis Towers Watson Public in the fourth quarter valued at $42,964,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Willis Towers Watson Public

In other news, insider Julie Jarecke Gebauer sold 3,384 shares of Willis Towers Watson Public stock in a transaction that occurred on 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 sale, the insider now owns 74,417 shares of the company’s stock, valued at approximately $24,986,996.09. The trade was a 4.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is currently owned by company insiders.

Willis Towers Watson Public Price Performance

WTW stock opened at $340.88 on Friday. Willis Towers Watson Public Limited has a 1 year low of $245.04 and a 1 year high of $344.14. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.98 and a quick ratio of 1.72. The firm has a market capitalization of $33.98 billion, a PE ratio of -340.88, a price-to-earnings-growth ratio of 2.95 and a beta of 0.71. The business has a 50 day simple moving average of $328.00 and a 200-day simple moving average of $313.04.

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

Willis Towers Watson Public Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.92 per share. The ex-dividend date is Monday, March 31st. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.88. This represents a $3.68 dividend on an annualized basis and a yield of 1.08%. Willis Towers Watson Public’s payout ratio is -368.00%.

Analyst Ratings Changes

WTW has been the topic of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. UBS Group upgraded Willis Towers Watson Public from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $344.00 to $395.00 in a research report on Tuesday, March 18th. Jefferies Financial Group upgraded Willis Towers Watson Public from a “hold” rating to a “buy” rating and increased their target price for the company from $352.00 to $382.00 in a research report on Friday, December 20th. Truist Financial restated a “buy” rating and set a $380.00 price objective (up from $365.00) on shares of Willis Towers Watson Public in a research report on Wednesday, December 4th. Finally, Evercore ISI upgraded shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $357.00 to $373.00 in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $346.15.

Willis Towers Watson Public Company Profile

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.