Korea Investment CORP Grows Holdings in Willis Towers Watson Public Limited Company $WTW

Korea Investment CORP raised its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 51.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 53,089 shares of the company’s stock after purchasing an additional 17,922 shares during the period. Korea Investment CORP’s holdings in Willis Towers Watson Public were worth $18,340,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Alpine Bank Wealth Management purchased a new position in shares of Willis Towers Watson Public in the 3rd quarter worth approximately $25,000. SOA Wealth Advisors LLC. increased its position in shares of Willis Towers Watson Public by 8,200.0% during the third quarter. SOA Wealth Advisors LLC. now owns 83 shares of the company’s stock valued at $29,000 after acquiring an additional 82 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Willis Towers Watson Public during the third quarter valued at approximately $31,000. Quent Capital LLC bought a new stake in Willis Towers Watson Public during the third quarter worth $34,000. Finally, Motco lifted its holdings in Willis Towers Watson Public by 1,933.3% during the third quarter. Motco now owns 122 shares of the company’s stock worth $42,000 after acquiring an additional 116 shares during the period. Institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on WTW shares. Truist Financial upped their price objective on Willis Towers Watson Public from $380.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Keefe, Bruyette & Woods boosted their price target on shares of Willis Towers Watson Public from $375.00 to $388.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Mizuho reduced their price target on shares of Willis Towers Watson Public from $392.00 to $358.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Cantor Fitzgerald decreased their price objective on shares of Willis Towers Watson Public from $365.00 to $345.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. Finally, UBS Group lifted their price objective on shares of Willis Towers Watson Public from $398.00 to $409.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. One equities research 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 given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $371.50.

Willis Towers Watson Public Price Performance

WTW opened at $289.26 on Wednesday. The firm has a 50-day moving average price of $313.03 and a 200-day moving average price of $323.59. Willis Towers Watson Public Limited Company has a twelve month low of $275.60 and a twelve month high of $352.79. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $27.35 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.32 and a beta of 0.62.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $8.12 EPS for the quarter, topping the consensus estimate of $7.93 by $0.19. Willis Towers Watson Public had a net margin of 16.53% and a return on equity of 20.91%. The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the firm earned $8.13 EPS. Willis Towers Watson Public’s revenue for the quarter was down 3.3% on a year-over-year basis. Equities analysts expect that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.92. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.3%. Willis Towers Watson Public’s dividend payout ratio is 22.47%.

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.