SG Americas Securities LLC Buys 53,394 Shares of Willis Towers Watson Public Limited Company $WTW

SG Americas Securities LLC boosted its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 689.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,135 shares of the company’s stock after acquiring an additional 53,394 shares during the quarter. SG Americas Securities LLC owned 0.06% of Willis Towers Watson Public worth $20,089,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in WTW. Heartland Advisors Inc. lifted its position in Willis Towers Watson Public by 25.4% during the third quarter. Heartland Advisors Inc. now owns 23,959 shares of the company’s stock valued at $8,277,000 after buying an additional 4,859 shares during the period. Natixis Advisors LLC grew its position in shares of Willis Towers Watson Public by 7.5% in the 3rd quarter. Natixis Advisors LLC now owns 179,771 shares of the company’s stock worth $62,102,000 after buying an additional 12,575 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Willis Towers Watson Public by 1.8% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 196,833 shares of the company’s stock worth $67,996,000 after acquiring an additional 3,454 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Willis Towers Watson Public by 3.0% in the 3rd quarter. Legal & General Group Plc now owns 679,513 shares of the company’s stock worth $234,738,000 after acquiring an additional 19,515 shares in the last quarter. Finally, Wealthfront Advisers LLC lifted its position in Willis Towers Watson Public by 48.3% during the 3rd quarter. Wealthfront Advisers LLC now owns 17,840 shares of the company’s stock valued at $6,163,000 after acquiring an additional 5,813 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on WTW. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Willis Towers Watson Public in a research note on Monday, December 29th. Evercore boosted their price target on Willis Towers Watson Public from $383.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Citigroup upped their price target on Willis Towers Watson Public from $351.00 to $366.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Cantor Fitzgerald reduced their price objective 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. Finally, Truist Financial lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $373.14.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ WTW opened at $282.18 on Friday. The firm’s 50-day moving average price is $302.36 and its 200-day moving average price is $320.02. Willis Towers Watson Public Limited Company has a 52-week low of $275.60 and a 52-week high of $352.79. The company has a market cap of $26.68 billion, a PE ratio of 17.23, a PEG ratio of 1.28 and a beta of 0.62. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.71.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the business posted $8.13 EPS. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 1.4%. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.92. The ex-dividend date is Tuesday, March 31st. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 22.47%.

About Willis Towers Watson Public

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.