First Fiduciary Investment Counsel Inc. Purchases 762 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

First Fiduciary Investment Counsel Inc. increased its position in Willis Towers Watson Public Limited (NASDAQ:WTW) by 1.7% during the 3rd quarter, Holdings Channel reports. The firm owned 44,402 shares of the company’s stock after acquiring an additional 762 shares during the quarter. Willis Towers Watson Public comprises approximately 2.6% of First Fiduciary Investment Counsel Inc.’s investment portfolio, making the stock its 14th largest holding. First Fiduciary Investment Counsel Inc.’s holdings in Willis Towers Watson Public were worth $13,078,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System grew its stake in Willis Towers Watson Public by 6.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 116,615 shares of the company’s stock worth $32,069,000 after purchasing an additional 7,404 shares in the last quarter. M&G Plc bought a new position in Willis Towers Watson Public in the first quarter worth approximately $12,318,000. Acadian Asset Management LLC boosted its position in Willis Towers Watson Public by 520.3% during the 1st quarter. Acadian Asset Management LLC now owns 417,427 shares of the company’s stock valued at $114,765,000 after acquiring an additional 350,135 shares in the last quarter. Swedbank AB bought a new stake in Willis Towers Watson Public during the 1st quarter valued at $4,512,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in Willis Towers Watson Public by 2.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 115,262 shares of the company’s stock valued at $31,706,000 after acquiring an additional 3,021 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Truist Financial increased their target price on Willis Towers Watson Public from $335.00 to $365.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company increased their target price on Willis Towers Watson Public from $334.00 to $340.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. UBS Group raised Willis Towers Watson Public to a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods increased their target price on Willis Towers Watson Public from $352.00 to $359.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Jefferies Financial Group increased their target price on Willis Towers Watson Public from $295.00 to $314.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Willis Towers Watson Public has a consensus rating of “Hold” and a consensus target price of $312.27.

Willis Towers Watson Public Stock Performance

Shares of WTW stock opened at $316.30 on Friday. The firm has a market capitalization of $31.86 billion, a price-to-earnings ratio of -43.45, a price-to-earnings-growth ratio of 1.98 and a beta of 0.73. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.72. The business has a fifty day moving average of $294.22 and a 200 day moving average of $274.90. Willis Towers Watson Public Limited has a 1 year low of $234.01 and a 1 year high of $320.45.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.25. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $2.24 EPS. As a group, research analysts expect that Willis Towers Watson Public Limited will post 16.64 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.11%. The ex-dividend date was Monday, September 30th. Willis Towers Watson Public’s dividend payout ratio is currently -48.35%.

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.