Burgundy Asset Management Ltd. Sells 16,531 Shares of Willis Towers Watson Public Limited Company $WTW

Burgundy Asset Management Ltd. cut its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 877,476 shares of the company’s stock after selling 16,531 shares during the quarter. Willis Towers Watson Public accounts for about 2.7% of Burgundy Asset Management Ltd.’s portfolio, making the stock its 3rd largest position. Burgundy Asset Management Ltd. owned about 0.92% of Willis Towers Watson Public worth $286,750,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Cantor Fitzgerald reduced their price target on Willis Towers Watson Public from $365.00 to $345.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Truist Financial lifted their target price on shares of Willis Towers Watson Public from $380.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Barclays boosted their target price on shares of Willis Towers Watson Public from $303.00 to $318.00 and gave the stock an “underweight” rating in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Willis Towers Watson Public in a research note on Monday, December 29th. Finally, UBS Group lifted their price target on shares of Willis Towers Watson Public from $398.00 to $409.00 and gave the stock a “buy” rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Willis Towers Watson Public currently has a consensus rating of “Moderate Buy” and an average price target of $371.50.

Willis Towers Watson Public Stock Performance

Shares of WTW opened at $304.49 on Thursday. Willis Towers Watson Public Limited Company has a one year low of $275.60 and a one year high of $352.79. The company has a market cap of $28.79 billion, a PE ratio of 18.59, a P/E/G ratio of 1.35 and a beta of 0.62. The stock has a 50-day moving average of $316.02 and a 200-day moving average of $324.75. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.21 and a quick ratio of 2.21.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.93 by $0.19. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.87 billion. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.13 earnings per share. On average, equities research analysts predict that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.96 per share. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.92. The ex-dividend date is Tuesday, March 31st. This represents a $3.84 dividend on an annualized basis and a yield of 1.3%. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 22.47%.

Willis Towers Watson Public Company 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.