Storgate LLC purchased a new stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,179 shares of the company’s stock, valued at approximately $716,000.
Several other institutional investors have also added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Willis Towers Watson Public during the fourth quarter valued at about $284,570,000. Quadrant Capital Group LLC boosted its position in Willis Towers Watson Public by 30.6% during the fourth quarter. Quadrant Capital Group LLC now owns 1,481 shares of the company’s stock valued at $487,000 after buying an additional 347 shares during the period. Brooklyn Investment Group boosted its position in Willis Towers Watson Public by 21.1% during the fourth quarter. Brooklyn Investment Group now owns 1,085 shares of the company’s stock valued at $362,000 after buying an additional 189 shares during the period. Cibc World Markets Corp purchased a new stake in shares of Willis Towers Watson Public during the fourth quarter worth about $5,055,000. Finally, Fortress Private Ledger LLC boosted its holdings in shares of Willis Towers Watson Public by 43.9% during the fourth quarter. Fortress Private Ledger LLC now owns 2,675 shares of the company’s stock worth $879,000 after purchasing an additional 816 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Willis Towers Watson Public
In related news, insider Lucy Clarke purchased 1,896 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was bought at an average cost of $263.37 per share, with a total value of $499,349.52. Following the completion of the purchase, the insider directly owned 22,717 shares in the company, valued at approximately $5,982,976.29. This represents a 9.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on WTW
Willis Towers Watson Public Stock Performance
Willis Towers Watson Public stock opened at $262.63 on Friday. Willis Towers Watson Public Limited Company has a 1-year low of $240.61 and a 1-year high of $352.79. The firm has a market cap of $24.81 billion, a P/E ratio of 15.31, a P/E/G ratio of 0.84 and a beta of 0.43. The firm has a 50-day moving average of $269.49 and a 200-day moving average of $297.53. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.78.
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last released its quarterly earnings results on Friday, May 1st. The company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.65 by $0.07. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the firm earned $3.13 earnings per share. Willis Towers Watson Public’s revenue was up 8.5% on a year-over-year basis. Sell-side analysts expect that Willis Towers Watson Public Limited Company will post 19.53 EPS for the current year.
Willis Towers Watson Public Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio is presently 22.39%.
About Willis Towers Watson Public
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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