Groupama Asset Managment Invests $2.08 Million in Willis Towers Watson Public Limited (NASDAQ:WTW)

Groupama Asset Managment bought a new position in Willis Towers Watson Public Limited (NASDAQ:WTW) during the fourth quarter, HoldingsChannel reports. The firm bought 6,631 shares of the company’s stock, valued at approximately $2,077,000.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Willis Towers Watson Public by 0.8% in the third quarter. Geode Capital Management LLC now owns 2,629,439 shares of the company’s stock valued at $772,027,000 after buying an additional 19,623 shares in the last quarter. Norges Bank bought a new position in Willis Towers Watson Public in the 4th quarter valued at about $484,210,000. Wellington Management Group LLP lifted its position in Willis Towers Watson Public by 6,676.1% in the 4th quarter. Wellington Management Group LLP now owns 988,430 shares of the company’s stock valued at $309,616,000 after acquiring an additional 973,843 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Willis Towers Watson Public by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 604,686 shares of the company’s stock valued at $189,412,000 after purchasing an additional 12,162 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its stake in shares of Willis Towers Watson Public by 33,979.6% in the fourth quarter. Proficio Capital Partners LLC now owns 458,370 shares of the company’s stock worth $143,580,000 after purchasing an additional 457,025 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Willis Towers Watson Public Trading Up 0.1 %

NASDAQ:WTW opened at $337.43 on Thursday. Willis Towers Watson Public Limited has a 1 year low of $245.04 and a 1 year high of $344.14. The stock’s fifty day moving average price is $329.30 and its two-hundred day moving average price is $314.49. 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 company has a market cap of $33.64 billion, a P/E ratio of -337.43, a P/E/G ratio of 2.95 and a beta of 0.71.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Tuesday, February 4th. The company reported $8.13 EPS for the quarter, topping the consensus estimate of $8.01 by $0.12. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the company earned $7.44 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. As a group, analysts expect that Willis Towers Watson Public Limited will post 17.32 EPS for the current year.

Willis Towers Watson Public Increases Dividend

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

Insiders Place Their Bets

In other news, insider Julie Jarecke Gebauer sold 3,384 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $335.77, for a total value of $1,136,245.68. Following the transaction, the insider now owns 74,417 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.22% of the company’s stock.

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.