Cidel Asset Management Inc. Makes New Investment in Willis Towers Watson Public Limited (NASDAQ:WTW)

Cidel Asset Management Inc. acquired a new stake in Willis Towers Watson Public Limited (NASDAQ:WTW) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 137,160 shares of the company’s stock, valued at approximately $42,964,000. Willis Towers Watson Public makes up approximately 2.9% of Cidel Asset Management Inc.’s investment portfolio, making the stock its 5th largest holding. Cidel Asset Management Inc. owned approximately 0.14% of Willis Towers Watson Public as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of WTW. Mizuho Securities USA LLC lifted its stake in shares of Willis Towers Watson Public by 95,880.2% during the third quarter. Mizuho Securities USA LLC now owns 7,569,000 shares of the company’s stock worth $2,229,298,000 after purchasing an additional 7,561,114 shares in the last quarter. Geode Capital Management LLC lifted its position in Willis Towers Watson Public by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,629,439 shares of the company’s stock worth $772,027,000 after acquiring an additional 19,623 shares in the last quarter. FMR LLC boosted its holdings in Willis Towers Watson Public by 2.0% in the 3rd quarter. FMR LLC now owns 2,416,455 shares of the company’s stock worth $711,718,000 after acquiring an additional 48,384 shares during the period. Victory Capital Management Inc. boosted its holdings in Willis Towers Watson Public by 0.5% in the 3rd quarter. Victory Capital Management Inc. now owns 2,002,167 shares of the company’s stock worth $589,698,000 after acquiring an additional 10,856 shares during the period. Finally, Baupost Group LLC MA grew its position in Willis Towers Watson Public by 7.8% in the third quarter. Baupost Group LLC MA now owns 1,781,206 shares of the company’s stock valued at $524,619,000 after acquiring an additional 128,558 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Down 0.3 %

WTW stock opened at $325.79 on Friday. The stock’s 50 day simple moving average is $317.70 and its 200 day simple moving average is $301.44. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.98 and a quick ratio of 1.72. Willis Towers Watson Public Limited has a 12-month low of $245.04 and a 12-month high of $334.99.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Tuesday, February 4th. The company reported $8.13 earnings per share for the quarter, topping analysts’ consensus estimates of $8.01 by $0.12. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The company had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period in the prior year, the company earned $7.44 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts expect that Willis Towers Watson Public Limited will post 17.72 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.88 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.52 dividend on an annualized basis and a yield of 1.08%. Willis Towers Watson Public’s payout ratio is currently -352.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Raymond James raised shares of Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $365.00 to $400.00 in a research report on Thursday, December 5th. Jefferies Financial Group raised shares of Willis Towers Watson Public from a “hold” rating to a “buy” rating and upped their price objective for the company from $352.00 to $382.00 in a research report on Friday, December 20th. Keefe, Bruyette & Woods raised their target price on Willis Towers Watson Public from $378.00 to $387.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Wells Fargo & Company cut 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 note on Tuesday, January 14th. Finally, Truist Financial restated a “buy” rating and set a $380.00 price objective (up previously from $365.00) on shares of Willis Towers Watson Public in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $338.69.

Willis Towers Watson Public Profile

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.