Sequoia Financial Advisors LLC Takes Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Sequoia Financial Advisors LLC bought a new stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,690 shares of the company’s stock, valued at approximately $408,000.

Other institutional investors also recently modified their holdings of the company. Resurgent Financial Advisors LLC purchased a new stake in shares of Willis Towers Watson Public during the 4th quarter valued at approximately $27,000. Loomis Sayles & Co. L P purchased a new stake in shares of Willis Towers Watson Public during the 3rd quarter valued at approximately $28,000. Exchange Traded Concepts LLC purchased a new stake in shares of Willis Towers Watson Public during the 4th quarter valued at approximately $29,000. Covington Capital Management purchased a new stake in Willis Towers Watson Public in the 3rd quarter worth approximately $32,000. Finally, Money Concepts Capital Corp purchased a new stake in Willis Towers Watson Public in the 4th quarter worth approximately $37,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WTW has been the topic of several recent analyst reports. Morgan Stanley increased their target price on shares of Willis Towers Watson Public from $248.00 to $270.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Roth Mkm increased their target price on shares of Willis Towers Watson Public from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Truist Financial increased their target price on shares of Willis Towers Watson Public from $275.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. TD Cowen initiated coverage on shares of Willis Towers Watson Public in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $316.00 target price on the stock. Finally, Keefe, Bruyette & Woods increased their target price on shares of Willis Towers Watson Public from $307.00 to $317.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Willis Towers Watson Public has an average rating of “Moderate Buy” and an average price target of $290.54.

Insider Activity at Willis Towers Watson Public

In related news, CFO Andrew Jay Krasner sold 1,100 shares of the 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 transaction, the chief financial officer now owns 4,170 shares of the company’s stock, valued at approximately $1,134,782.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.22% of the stock is owned by insiders.

Willis Towers Watson Public Stock Performance

Willis Towers Watson Public stock opened at $259.27 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.45 and a current ratio of 1.45. Willis Towers Watson Public Limited has a fifty-two week low of $195.29 and a fifty-two week high of $278.86. The firm’s fifty day moving average price is $271.68 and its 200-day moving average price is $248.81. The stock 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 released its earnings results on Tuesday, February 6th. The company reported $7.44 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 last year, the firm earned $6.33 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts expect that Willis Towers Watson Public Limited will post 16.2 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were issued a dividend of $0.88 per share. 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 dividend payout ratio (DPR) is currently 35.13%.

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.