Montag A & Associates Inc. Reduces Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Montag A & Associates Inc. reduced its position in Willis Towers Watson Public Limited (NASDAQ:WTW) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,167 shares of the company’s stock after selling 115 shares during the quarter. Montag A & Associates Inc.’s holdings in Willis Towers Watson Public were worth $2,217,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new stake in Willis Towers Watson Public during the 4th quarter valued at about $29,000. Hexagon Capital Partners LLC raised its stake in shares of Willis Towers Watson Public by 168.8% during the fourth quarter. Hexagon Capital Partners LLC now owns 129 shares of the company’s stock valued at $31,000 after acquiring an additional 81 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Willis Towers Watson Public in the third quarter valued at approximately $28,000. HHM Wealth Advisors LLC bought a new position in Willis Towers Watson Public in the fourth quarter worth approximately $34,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Willis Towers Watson Public by 112.8% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 200 shares of the company’s stock worth $48,000 after purchasing an additional 106 shares during the period. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Performance

Shares of Willis Towers Watson Public stock traded up $2.65 during midday trading on Thursday, hitting $255.61. The company had a trading volume of 276,207 shares, compared to its average volume of 463,254. The stock has a market cap of $26.13 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 1.45 and a beta of 0.75. Willis Towers Watson Public Limited has a 12-month low of $195.29 and a 12-month high of $278.86. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.55. The company has a fifty day simple moving average of $265.93 and a 200 day simple moving average of $253.75.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, April 25th. The company reported $3.29 EPS for the quarter, topping the consensus estimate of $3.21 by $0.08. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.37 billion. Willis Towers Watson Public had a net margin of 10.88% and a return on equity of 16.31%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.84 earnings per share. As a group, analysts predict that Willis Towers Watson Public Limited will post 16.27 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.38%. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.84. The ex-dividend date was Wednesday, March 27th. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 35.31%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WTW. BMO Capital Markets raised Willis Towers Watson Public from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $236.00 to $298.00 in a research report on Monday, February 12th. Piper Sandler upped their price target on shares of Willis Towers Watson Public from $297.00 to $303.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Truist Financial lifted their price objective on shares of Willis Towers Watson Public from $275.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Roth Mkm upped their target price on Willis Towers Watson Public from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, Keefe, Bruyette & Woods decreased their price objective on Willis Towers Watson Public from $317.00 to $311.00 and set an “outperform” rating for the company in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $295.54.

Insider Activity at Willis Towers Watson Public

In related news, CFO Andrew Jay Krasner sold 1,100 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $272.13, for a total transaction of $299,343.00. Following the completion of the transaction, the chief financial officer now owns 4,170 shares of the company’s stock, valued at $1,134,782.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is owned by insiders.

Willis Towers Watson Public Company 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.