Mirae Asset Global Investments Co. Ltd. Sells 1,591 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Mirae Asset Global Investments Co. Ltd. lowered its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 10.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,363 shares of the company’s stock after selling 1,591 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Willis Towers Watson Public were worth $3,223,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Schechter Investment Advisors LLC acquired a new stake in shares of Willis Towers Watson Public during the third quarter worth $502,000. Deutsche Bank AG boosted its stake in Willis Towers Watson Public by 7.7% during the third quarter. Deutsche Bank AG now owns 259,505 shares of the company’s stock worth $54,226,000 after acquiring an additional 18,657 shares in the last quarter. SG Americas Securities LLC boosted its stake in Willis Towers Watson Public by 1,736.9% during the fourth quarter. SG Americas Securities LLC now owns 56,465 shares of the company’s stock worth $13,619,000 after acquiring an additional 53,391 shares in the last quarter. Seed Wealth Management Inc. bought a new position in shares of Willis Towers Watson Public in the fourth quarter valued at $204,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Willis Towers Watson Public by 1.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 9,946,805 shares of the company’s stock valued at $2,078,484,000 after buying an additional 98,719 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Performance

NASDAQ WTW opened at $259.27 on Thursday. The company’s 50 day moving average is $271.68 and its 200-day moving average is $248.81. 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 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. The firm has a market cap of $26.51 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 1.46 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $7.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.05 by $0.39. Willis Towers Watson Public had a net margin of 11.12% and a return on equity of 15.70%. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same quarter in the previous year, the firm posted $6.33 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts predict that Willis Towers Watson Public Limited will post 16.2 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a $0.88 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.36%. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.84. Willis Towers Watson Public’s payout ratio is 35.13%.

Analyst Ratings Changes

WTW has been the topic of a number of recent research reports. Raymond James reaffirmed an “outperform” rating and issued a $315.00 price objective (up from $295.00) on shares of Willis Towers Watson Public in a research note on Thursday, March 28th. Truist Financial raised 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 research note on Wednesday, February 7th. Morgan Stanley raised their price objective on shares of Willis Towers Watson Public from $248.00 to $270.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Roth Mkm raised their price target on shares of Willis Towers Watson Public from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, Stifel Nicolaus boosted their price target on shares of Willis Towers Watson Public from $236.00 to $268.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Willis Towers Watson Public presently has a consensus rating of “Moderate Buy” and an average target price of $290.54.

Insider Activity

In other news, CFO Andrew Jay Krasner sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $272.13, for a total value of $299,343.00. Following the sale, the chief financial officer now owns 4,170 shares of the company’s stock, valued at $1,134,782.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.22% of the company’s stock.

About Willis Towers Watson Public

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.