Willis Towers Watson Public Limited Company $WTW Holdings Boosted by Citigroup Inc.

Citigroup Inc. grew its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 35.1% in the 3rd quarter, Holdings Channel reports. The firm owned 139,826 shares of the company’s stock after acquiring an additional 36,350 shares during the quarter. Citigroup Inc.’s holdings in Willis Towers Watson Public were worth $48,303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Personal CFO Solutions LLC acquired a new position in Willis Towers Watson Public during the 3rd quarter valued at approximately $241,000. Raiffeisen Bank International AG bought a new stake in Willis Towers Watson Public in the third quarter valued at $31,000. Syon Capital LLC boosted its holdings in shares of Willis Towers Watson Public by 13.0% during the third quarter. Syon Capital LLC now owns 1,656 shares of the company’s stock valued at $572,000 after acquiring an additional 190 shares during the period. Advisors Capital Management LLC grew its position in shares of Willis Towers Watson Public by 7.5% during the third quarter. Advisors Capital Management LLC now owns 4,419 shares of the company’s stock worth $1,527,000 after acquiring an additional 308 shares during the last quarter. Finally, Crestwood Advisors Group LLC acquired a new stake in shares of Willis Towers Watson Public in the 3rd quarter worth about $202,000. Institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on WTW shares. Wall Street Zen raised shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. TD Cowen reduced their price objective on Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Wells Fargo & Company increased their price objective on Willis Towers Watson Public from $366.00 to $379.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Truist Financial lifted their target price on Willis Towers Watson Public from $380.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Finally, Barclays increased their price target on Willis Towers Watson Public from $303.00 to $318.00 and gave the stock an “underweight” rating in a research note on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.50.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ WTW opened at $291.27 on Wednesday. Willis Towers Watson Public Limited Company has a 1 year low of $275.60 and a 1 year high of $352.79. The firm has a market cap of $27.89 billion, a P/E ratio of 17.78, a PEG ratio of 1.31 and a beta of 0.62. The stock has a fifty day moving average price of $319.40 and a two-hundred day moving average price of $325.86. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.69 and a current ratio of 2.21.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $8.12 earnings per share for the quarter, beating the consensus estimate of $7.93 by $0.19. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.The business had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the firm posted $8.13 earnings per share. The company’s revenue was down 3.3% on a year-over-year basis. Research analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, December 31st. Willis Towers Watson Public’s dividend payout ratio is presently 22.47%.

Willis Towers Watson Public Company 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.