Sei Investments Co. Grows Position in Willis Towers Watson Public Limited Company $WTW

Sei Investments Co. grew its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 0.9% in the first quarter, HoldingsChannel.com reports. The fund owned 265,556 shares of the company’s stock after purchasing an additional 2,499 shares during the period. Sei Investments Co.’s holdings in Willis Towers Watson Public were worth $77,194,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dodge & Cox increased its position in shares of Willis Towers Watson Public by 90.7% in the fourth quarter. Dodge & Cox now owns 6,925,525 shares of the company’s stock worth $2,275,728,000 after purchasing an additional 3,293,334 shares during the last quarter. Norges Bank bought a new stake in Willis Towers Watson Public during the fourth quarter valued at approximately $511,151,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Willis Towers Watson Public during the fourth quarter valued at approximately $284,570,000. Bank of Montreal Can grew its stake in Willis Towers Watson Public by 657.3% in the 4th quarter. Bank of Montreal Can now owns 941,637 shares of the company’s stock worth $309,422,000 after buying an additional 817,301 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its stake in Willis Towers Watson Public by 23.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,505,195 shares of the company’s stock worth $1,151,808,000 after buying an additional 664,202 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Citigroup upgraded shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a research report on Wednesday, May 6th. Morgan Stanley cut their target price on shares of Willis Towers Watson Public from $330.00 to $320.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Piper Sandler increased their target price on Willis Towers Watson Public from $283.00 to $317.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. UBS Group raised their price target on Willis Towers Watson Public from $374.00 to $382.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Finally, Wall Street Zen raised Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $351.80.

Willis Towers Watson Public Price Performance

Shares of Willis Towers Watson Public stock opened at $295.11 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.92 and a current ratio of 2.92. Willis Towers Watson Public Limited Company has a 52-week low of $240.61 and a 52-week high of $352.79. The company has a fifty day moving average of $269.24 and a 200-day moving average of $287.33. The stock has a market capitalization of $27.87 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 0.93 and a beta of 0.43.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Friday, May 1st. The company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.65 by $0.07. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.41 billion. Willis Towers Watson Public had a return on equity of 21.52% and a net margin of 16.84%.Willis Towers Watson Public’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $3.13 EPS. Equities research analysts expect that Willis Towers Watson Public Limited Company will post 19.53 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio is 22.39%.

Insider Activity

In other news, insider Lucy Clarke bought 1,896 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were purchased at an average price of $263.37 per share, for a total transaction of $499,349.52. Following the completion of the acquisition, the insider owned 22,717 shares of the company’s stock, valued at approximately $5,982,976.29. This trade represents a 9.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.40% of the company’s stock.

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.