Willis Towers Watson Public Limited Company $WTW Stake Lowered by Atalan Capital Partners LP

Atalan Capital Partners LP reduced its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 34.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 336,000 shares of the company’s stock after selling 179,300 shares during the period. Willis Towers Watson Public accounts for about 7.9% of Atalan Capital Partners LP’s investment portfolio, making the stock its 7th biggest position. Atalan Capital Partners LP’s holdings in Willis Towers Watson Public were worth $110,410,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC increased its stake in Willis Towers Watson Public by 375.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock worth $25,000 after acquiring an additional 60 shares during the last quarter. Fideuram Asset Management Ireland dac bought a new stake in Willis Towers Watson Public during the fourth quarter worth approximately $28,000. Larson Financial Group LLC increased its stake in Willis Towers Watson Public by 72.5% during the fourth quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after acquiring an additional 37 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in Willis Towers Watson Public during the third quarter worth approximately $31,000. Finally, Elyxium Wealth LLC bought a new stake in Willis Towers Watson Public during the fourth quarter worth approximately $36,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Willis Towers Watson Public Trading Up 0.7%

WTW opened at $259.65 on Wednesday. The stock has a market cap of $24.52 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 0.83 and a beta of 0.43. The stock’s 50 day moving average price is $268.29 and its 200-day moving average price is $296.51. Willis Towers Watson Public Limited Company has a one year low of $240.61 and a one year high of $352.79. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.92 and a current ratio of 2.92.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Friday, May 1st. The company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.65 by $0.07. The firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Willis Towers Watson Public had a return on equity of 21.52% and a net margin of 16.84%.The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.13 earnings per share. On average, equities analysts forecast that Willis Towers Watson Public Limited Company will post 19.53 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.5%. Willis Towers Watson Public’s dividend payout ratio is currently 22.39%.

Analyst Ratings Changes

Several equities research analysts have weighed in on WTW shares. Citigroup raised Willis Towers Watson Public from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a research note on Wednesday, May 6th. Keefe, Bruyette & Woods reduced their price objective on Willis Towers Watson Public from $384.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. Truist Financial raised Willis Towers Watson Public to a “strong-buy” rating in a research note on Thursday, April 30th. BMO Capital Markets raised Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $347.00 to $300.00 in a research note on Friday, May 1st. Finally, Weiss Ratings cut Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $350.00.

Insider Activity at Willis Towers Watson Public

In other Willis Towers Watson Public news, insider Lucy Clarke bought 1,896 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were purchased at an average price of $263.37 per share, with a total value of $499,349.52. Following the completion of the purchase, the insider owned 22,717 shares in the company, valued at $5,982,976.29. This represents a 9.11% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.40% of the company’s stock.

Willis Towers Watson Public 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.