Cardinal Point Capital Management ULC Invests $8.84 Million in Willis Towers Watson Public Limited Company $WTW

Cardinal Point Capital Management ULC acquired a new position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 25,591 shares of the company’s stock, valued at approximately $8,840,000.

Other large investors also recently modified their holdings of the company. Alpine Bank Wealth Management bought a new stake in Willis Towers Watson Public during the 3rd quarter worth approximately $25,000. SOA Wealth Advisors LLC. lifted its position in Willis Towers Watson Public by 8,200.0% in 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. Quent Capital LLC acquired a new position in Willis Towers Watson Public in the 3rd quarter worth $34,000. Elevation Point Wealth Partners LLC bought a new position in Willis Towers Watson Public during the 2nd quarter worth about $39,000. Finally, Motco lifted its holdings in shares of Willis Towers Watson Public by 1,933.3% in the third quarter. Motco now owns 122 shares of the company’s stock valued at $42,000 after purchasing an additional 116 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on WTW. Truist Financial boosted their target price 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 increased their target price 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 assumed coverage on shares of Willis Towers Watson Public in a research note on Tuesday, December 16th. They set an “outperform” rating and a $386.00 price objective for the company. Wells Fargo & Company lifted their target price on Willis Towers Watson Public from $366.00 to $379.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Finally, Cantor Fitzgerald reduced their price target on Willis Towers Watson Public from $365.00 to $345.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $372.71.

Willis Towers Watson Public Trading Up 0.8%

Willis Towers Watson Public stock opened at $330.04 on Monday. The stock has a 50-day simple moving average of $326.66 and a 200 day simple moving average of $327.89. The stock has a market capitalization of $31.60 billion, a P/E ratio of 20.15, a PEG ratio of 1.50 and a beta of 0.62. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.69 and a current ratio of 2.21. Willis Towers Watson Public Limited Company has a 52 week low of $292.97 and a 52 week high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results 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 return on equity of 20.91% and a net margin of 16.53%.The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the company posted $8.13 EPS. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. Analysts expect that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $0.92 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $3.68 annualized dividend and a dividend yield of 1.1%. Willis Towers Watson Public’s dividend payout ratio is presently 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.