Allstate Corp Acquires 4,112 Shares of Willis Towers Watson Public Limited Company $WTW

Allstate Corp grew its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 107.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,947 shares of the company’s stock after buying an additional 4,112 shares during the period. Allstate Corp’s holdings in Willis Towers Watson Public were worth $2,611,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Willis Towers Watson Public by 375.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock valued at $25,000 after buying an additional 60 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Willis Towers Watson Public by 72.5% in the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after purchasing an additional 37 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in shares of Willis Towers Watson Public in the 3rd quarter worth about $31,000. Elyxium Wealth LLC purchased a new position in shares of Willis Towers Watson Public in the 4th quarter worth about $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Willis Towers Watson Public in the 4th quarter worth about $39,000. Institutional investors own 93.09% of the company’s stock.

Insiders Place Their Bets

In other Willis Towers Watson Public news, insider Lucy Clarke bought 1,896 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was acquired at an average price of $263.37 per share, with a total value of $499,349.52. Following the transaction, the insider owned 22,717 shares in the company, valued at $5,982,976.29. This represents a 9.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WTW shares. BMO Capital Markets raised Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from $347.00 to $300.00 in a research report on Friday, May 1st. Weiss Ratings lowered Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Piper Sandler lowered their price target on Willis Towers Watson Public from $341.00 to $283.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Barclays lowered their price target on Willis Towers Watson Public from $341.00 to $322.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Finally, Evercore lifted their price target on Willis Towers Watson Public from $383.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $351.73.

Willis Towers Watson Public Price Performance

Shares of NASDAQ:WTW opened at $254.04 on Thursday. Willis Towers Watson Public Limited Company has a fifty-two week low of $240.61 and a fifty-two week high of $352.79. The business has a 50-day simple moving average of $276.97 and a two-hundred day simple moving average of $302.63. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.92 and a current ratio of 2.92. The firm has a market cap of $23.99 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.13 and a beta of 0.45.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Friday, May 1st. The company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.07. Willis Towers Watson Public had a return on equity of 21.52% and a net margin of 16.84%.The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the firm earned $3.13 EPS. Willis Towers Watson Public’s revenue was up 8.5% on a year-over-year basis. On average, analysts expect that Willis Towers Watson Public Limited Company will post 19.52 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The firm 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 payout ratio is 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.