Pacer Advisors Inc. Has $3.49 Million Stock Holdings in Willis Towers Watson Public Limited Company $WTW

Pacer Advisors Inc. raised its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 35.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,623 shares of the company’s stock after buying an additional 2,775 shares during the period. Pacer Advisors Inc.’s holdings in Willis Towers Watson Public were worth $3,491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WTW. Legal & General Group Plc grew its holdings in shares of Willis Towers Watson Public by 1.6% during the fourth quarter. Legal & General Group Plc now owns 690,210 shares of the company’s stock worth $226,803,000 after purchasing an additional 10,697 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Willis Towers Watson Public by 945.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 57,641 shares of the company’s stock valued at $18,941,000 after buying an additional 52,125 shares during the period. PNC Financial Services Group Inc. raised its holdings in Willis Towers Watson Public by 45.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 20,225 shares of the company’s stock valued at $6,646,000 after buying an additional 6,340 shares during the last quarter. Norges Bank bought a new position in Willis Towers Watson Public in the 4th quarter valued at approximately $511,151,000. Finally, Natixis Advisors LLC boosted its position in Willis Towers Watson Public by 7.5% during the 3rd quarter. Natixis Advisors LLC now owns 179,771 shares of the company’s stock worth $62,102,000 after buying an additional 12,575 shares during the period. Institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

WTW has been the topic of a number of research reports. Mizuho reduced their target price on shares of Willis Towers Watson Public from $353.00 to $338.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. BMO Capital Markets raised shares of Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $347.00 to $300.00 in a research note on Friday, May 1st. Citigroup upgraded shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a report on Wednesday, May 6th. Wells Fargo & Company reduced their price objective on shares of Willis Towers Watson Public from $379.00 to $351.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Finally, Piper Sandler decreased their price objective on Willis Towers Watson Public from $341.00 to $283.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Two 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $350.00.

Willis Towers Watson Public Stock Performance

NASDAQ:WTW opened at $257.55 on Wednesday. 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 Limited Company has a fifty-two week low of $240.61 and a fifty-two week high of $352.79. The company has a 50 day simple moving average of $265.21 and a two-hundred day simple moving average of $294.30. The company has a market capitalization of $24.33 billion, a PE ratio of 15.02, a P/E/G ratio of 0.81 and a beta of 0.43.

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

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $3.84 annualized dividend and a yield of 1.5%. Willis Towers Watson Public’s payout ratio is presently 22.39%.

Insider Transactions at Willis Towers Watson Public

In other news, insider Lucy Clarke purchased 1,896 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were acquired at an average price of $263.37 per share, with a total value of $499,349.52. Following the completion of the transaction, the insider owned 22,717 shares of the company’s stock, valued at $5,982,976.29. The trade was a 9.11% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is currently owned by insiders.

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.