Elo Mutual Pension Insurance Co Makes New Investment in Willis Towers Watson Public Limited (NASDAQ:WTW)

Elo Mutual Pension Insurance Co acquired a new position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,120 shares of the company’s stock, valued at approximately $3,170,000.

Several other large investors have also modified their holdings of WTW. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Willis Towers Watson Public by 277.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 844,417 shares of the company’s stock worth $248,706,000 after acquiring an additional 620,926 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Willis Towers Watson Public by 47,515.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 499,965 shares of the company’s stock worth $147,255,000 after purchasing an additional 498,915 shares during the last quarter. Proficio Capital Partners LLC increased its stake in Willis Towers Watson Public by 33,979.6% in the fourth quarter. Proficio Capital Partners LLC now owns 458,370 shares of the company’s stock valued at $143,580,000 after purchasing an additional 457,025 shares during the period. Canoe Financial LP purchased a new stake in shares of Willis Towers Watson Public in the fourth quarter valued at about $47,883,000. Finally, Cidel Asset Management Inc. purchased a new stake in shares of Willis Towers Watson Public in the fourth quarter valued at about $42,964,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insiders Place Their Bets

In related news, insider Julie Jarecke Gebauer sold 3,384 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $335.77, for a total value of $1,136,245.68. Following the completion of the transaction, the insider now owns 74,417 shares of the company’s stock, valued at approximately $24,986,996.09. The trade was a 4.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is currently owned by company insiders.

Willis Towers Watson Public Stock Down 1.1 %

Shares of NASDAQ WTW opened at $337.16 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.98 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $328.33 and a 200 day moving average price of $313.33. Willis Towers Watson Public Limited has a 52 week low of $245.04 and a 52 week high of $344.14. The stock has a market capitalization of $33.61 billion, a price-to-earnings ratio of -337.16, a price-to-earnings-growth ratio of 2.95 and a beta of 0.71.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $8.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.01 by $0.12. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.05 billion. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $7.44 EPS. Equities research analysts anticipate that Willis Towers Watson Public Limited will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.92 per share. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.88. This represents a $3.68 annualized dividend and a yield of 1.09%. The ex-dividend date is Monday, March 31st. Willis Towers Watson Public’s dividend payout ratio (DPR) is -368.00%.

Analyst Ratings Changes

Several brokerages recently issued reports on WTW. Wells Fargo & Company dropped their price target on Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their target price on Willis Towers Watson Public from $378.00 to $387.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Jefferies Financial Group raised Willis Towers Watson Public from a “hold” rating to a “buy” rating and increased their price target for the stock from $352.00 to $382.00 in a report on Friday, December 20th. Truist Financial reissued a “buy” rating and issued a $380.00 price objective (up from $365.00) on shares of Willis Towers Watson Public in a research note on Wednesday, December 4th. Finally, Raymond James upgraded shares of Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from $365.00 to $400.00 in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and a consensus price target of $346.15.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.