Clarkston Capital Partners LLC reduced its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW – Free Report) by 32.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 303,260 shares of the company’s stock after selling 146,503 shares during the period. Willis Towers Watson Public makes up 2.3% of Clarkston Capital Partners LLC’s holdings, making the stock its 15th biggest position. Clarkston Capital Partners LLC’s holdings in Willis Towers Watson Public were worth $99,651,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC lifted its stake in shares of Willis Towers Watson Public by 375.0% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock worth $25,000 after buying an additional 60 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Willis Towers Watson Public by 72.5% in the fourth quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after buying an additional 37 shares in the last quarter. Fideuram Asset Management Ireland dac purchased a new position in shares of Willis Towers Watson Public in the fourth quarter worth about $28,000. Raiffeisen Bank International AG purchased a new position in shares of Willis Towers Watson Public in the third quarter worth about $31,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Willis Towers Watson Public in the fourth quarter worth about $36,000. 93.09% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, insider Lucy Clarke bought 1,896 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were bought at an average price of $263.37 per share, with a total value of $499,349.52. Following the completion of the transaction, the insider directly owned 22,717 shares of the company’s stock, valued at $5,982,976.29. This represents a 9.11% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is owned by insiders.
Willis Towers Watson Public Trading Up 0.7%
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last announced its quarterly earnings results on Friday, May 1st. The company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.65 by $0.07. The firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.13 EPS. As a group, equities analysts predict that Willis Towers Watson Public Limited Company will post 19.53 earnings per share for the current year.
Willis Towers Watson Public Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.84 dividend on an annualized basis and a yield of 1.5%. Willis Towers Watson Public’s dividend payout ratio is presently 22.39%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on WTW. Citigroup raised shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a research note on Wednesday, May 6th. Morgan Stanley decreased their price target on shares of Willis Towers Watson Public from $330.00 to $320.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Piper Sandler lowered their price target on shares of Willis Towers Watson Public from $341.00 to $283.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Bank of America lowered their price target on shares of Willis Towers Watson Public from $354.00 to $347.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Finally, Barclays lowered their price target on shares of Willis Towers Watson Public from $341.00 to $322.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $350.00.
Willis Towers Watson Public Profile
Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.
The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.
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