AGF Management Ltd. Lowers Stock Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

AGF Management Ltd. lessened its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 18.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,478 shares of the company’s stock after selling 1,886 shares during the quarter. AGF Management Ltd.’s holdings in Willis Towers Watson Public were worth $2,656,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of WTW. Timber Creek Capital Management LLC lifted its position in Willis Towers Watson Public by 11.4% in the third quarter. Timber Creek Capital Management LLC now owns 19,099 shares of the company’s stock valued at $5,625,000 after purchasing an additional 1,957 shares during the period. Intech Investment Management LLC raised its stake in shares of Willis Towers Watson Public by 28.3% during the 3rd quarter. Intech Investment Management LLC now owns 104,414 shares of the company’s stock worth $30,753,000 after buying an additional 23,001 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Willis Towers Watson Public by 71.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,644 shares of the company’s stock valued at $1,957,000 after buying an additional 2,775 shares during the period. Atom Investors LP boosted its stake in shares of Willis Towers Watson Public by 64.0% in the third quarter. Atom Investors LP now owns 8,014 shares of the company’s stock valued at $2,360,000 after buying an additional 3,126 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Willis Towers Watson Public by 24.9% during the third quarter. JPMorgan Chase & Co. now owns 187,267 shares of the company’s stock worth $55,156,000 after acquiring an additional 37,340 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Julie Jarecke Gebauer sold 3,384 shares of Willis Towers Watson Public stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $335.77, for a total value of $1,136,245.68. Following the transaction, the insider now directly owns 74,417 shares of the company’s stock, valued at $24,986,996.09. The trade was a 4.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.22% of the company’s stock.

Willis Towers Watson Public Stock Performance

Willis Towers Watson Public stock opened at $319.10 on Friday. The stock has a fifty day moving average price of $323.63 and a 200 day moving average price of $310.02. Willis Towers Watson Public Limited has a 52 week low of $245.04 and a 52 week high of $344.14. The firm has a market capitalization of $31.81 billion, a P/E ratio of -319.10, a PEG ratio of 2.95 and a beta of 0.71. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $8.13 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the company posted $7.44 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.88. Willis Towers Watson Public’s dividend payout ratio (DPR) is -368.00%.

Analysts Set New Price Targets

A number of equities research analysts have commented on WTW shares. Truist Financial reissued a “buy” rating and issued a $380.00 target price (up previously from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. Keefe, Bruyette & Woods boosted their price objective on shares of Willis Towers Watson Public from $378.00 to $387.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Evercore ISI raised shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and increased their target price for the company from $357.00 to $373.00 in a report on Wednesday, January 8th. Raymond James upgraded shares of Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $365.00 to $400.00 in a research report on Thursday, December 5th. Finally, Barclays upped their price target on Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an “underweight” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $342.08.

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.